Callahan and Associates participates in several credit union service organizations (CUSOs) designed to enhance the competitiveness of the credit union industry. Together with the other credit union owners, these CUSOs are cooperative efforts to increase efficiency and expand services for credit union members.
Callahan Financial Services, Inc.
Callahan Financial Services, a registered broker-dealer, is a wholly-owned subsidiary of Callahan & Associates and the general partner of the Credit Union Financial Services Limited Partnership (CUFSLP). CUFSLP was formed in 1987 by a group of America's leading credit unions to develop cooperative ventures to further credit union innovation and collaboration. CUFSLP founded the first credit union owned mutual fund family, the Trust for Credit Unions (TCU) in 1998. Together with Goldman Sachs, TCU provides investment opportunities solely for the credit union community.
Credit Union Student Choice
Callahan and Associates is also a partner in Credit Union Student Choice, a new CUSO developed to position credit unions as leaders in education financing in the 21st century. Credit Union Student Choice combines balance sheet lending capability with low cost service providers. By using existing providers within the credit union system, the CUSO offers a truly low cost, full 24x7 support system from experienced firms. Credit Union Student Choice enables credit unions of all asset sizes to make loans by managing the challenges and risks commonly associated with student lending.