A credit union investment CUSO is positioning its investment options for increased business as it anticipates an early redemption by Western Bridge of more than $4 billion in CDs by Oct. 3.
The Trust for Credit Unions said it has three noncallable mutual funds currently holding more than $1.2 billion in assets. Durations range from overnight to two years.
"The funds have a 20-year track record, so that investors can see each fund's performance in all market conditions. The entire portfolio of each fund is published monthly right down to the individual security level on our website," said Jon Jeffreys, executive vice president of the CUSO that created and administers the funds, Callahan Credit Union Financial Services Limited Partnership.
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