The Trust for Credit Unions is making a bid for some of theinvestment business it said will be made available as Western Bridge does an early redemption of more than $4 billionin CDs by Oct. 3.
TCU said it has three non-callable mutual funds currentlyholding more than $1.2 billion in assets. Durations range fromovernight to two years.
“The funds have a 20-year track record, so that investors cansee each fund's performance in all market conditions. Theentire portfolio of each fund is published monthly right down tothe individual security level on our website,” said JonJeffreys, executive vice president of the CUSO that created andadministers the funds, Callahan Credit Union Financial ServicesLimited Partnership.
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