Missouri Corporate Credit Union is among the first distributorsof TRUST, a family of mutual funds targeted exclusively to creditunions, since a new industry partnership was announced onTuesday.

The $197 million Missouri Corporate in St. Louis said it will be able to expandaccess to TRUST's credit union-owned institutional portfolioswithin the credit union industry, according to TRUST.

The Washington-based TRUST, and its distributor, CallahanFinancial Services Inc., recently announced a partnership withbroker-dealer and investment advisory firm CUSO Financial Services LP in San Diego, to help widendistribution of the mutual funds.

All three of TRUST's portfolios will be co-distributed and aredesigned to fill credit unions' specific needs for target durationinvestments, the companies said. The Money Market, Ultra-ShortDuration and Short Duration Portfolios invest only in instrumentspermissible for federal credit unions to purchase as defined by theNCUA, according to TRUST.

“We take great pride in serving our members with high-qualityproducts delivered with first class personal service,” said DennisDeGroodt, CEO of Missouri Corporate. “We're pleased to addTRUST's three credit union-focused mutual funds to the products weoffer.”

With eligibility open to any credit union in the U.S., MissouriCorporate said it serves member credit unions in Missouri,Oklahoma, Illinois and North Dakota.

News of Missouri Corporate's alliance with TRUST comes just morethan a week after DeGroodt announced he would retire as CEO of the corporate onJuly 31 after 16 years of service.