TITLE

Surging Liquidity Pushes CU Trust Past $1B

PUB. DATE
February 2008
SOURCE
Credit Union Journal;2/25/2008, Vol. 12 Issue 7, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the rise of credit union investments in the Trust for Credit Unions Money Market Portfolio to $1.047 billion. According to Callahan Financial Services, the rise was due to the rapid build-up in credit union liquidity. The Trust was established by credit unions to provide an option for diversifying their holdings of overnight and short-term funds from banks and the direct market.
ACCESSION #
31129775

 

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