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TCU Provides Investment Options for Western Bridge Early CD Redemptions

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With more than $4 billion in CDs being redeemed by Western Bridge by Oct. 3, the Trust for Credit Unions has alerted credit unions to the value provided by its three non-callable, credit union-sponsored mutual funds. With more than $1.2 billion in total assets, the three funds provide investment options with durations ranging from overnight (the TCU Money Market Portfolio) to two years (the Short Duration Fund).

“Daily pricing, next day settlement, and no minimums or maximums are just a few of the benefits that make the TCU funds attractive options for credit unions looking to optimize their investment portfolios. Credit unions can easily manage the duration required by ALM needs, balanced with the total returns from the three portfolios,” said Jon Jeffreys, executive vice president of Callahan Credit Union Financial Services Limited Partnership (CUFSLP), the funds’ administrator.

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