<PAGE> PAGE 1
000 B000000 08/31/99
000 C000000 825759
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 TRUST FOR CREDIT UNIONS
001 B000000 811-5407
001 C000000 8003425828
002 A000000 4900 SEARS TOWER
002 B000000 CHICAGO
002 C000000 IL
002 D010000 60606
002 D020000 6303
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 3
007 C010100 1
007 C020100 MONEY MARKET PORTFOLIO
007 C030100 N
007 C010200 2
007 C020200 GOVERNMENT SECURITIES PORTFOLIO
007 C030200 N
007 C010300 3
007 C020300 MORTGAGE SECURITIES PORTFOLIO
007 C030300 N
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 GOLDMAN SACHS & CO.
008 B00AA01 A
008 C00AA01 801-16048
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10005
010 A00AA01 CALLAHAN CREDIT UNION FINANCIAL SERVICES LTD
010 C01AA01 WASHINGTON
010 C02AA01 DC
010 C03AA01 20036
010 C04AA01 5504
011 A00AA01 CALLAHAN FINANCIAL SERVICES, INC.
<PAGE> PAGE 2
011 B00AA01 8-37809
011 C01AA01 WASHINGTON
011 C02AA01 DC
011 C03AA01 20036
011 C04AA01 5504
011 A00AA02 GOLDMAN, SACHS & CO.
011 B00AA02 8-129
011 C01AA02 NEW YORK
011 C02AA02 NY
011 C03AA02 10004
012 A00AA01 GOLDMAN, SACHS & CO.
012 B00AA01 84-01100
012 C01AA01 CHICAGO
012 C02AA01 IL
012 C03AA01 60606
013 A00AA01 ARTHUR ANDERSEN LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02110
014 A00AA01 CALLAHAN FINANCIAL SERVICES, INC.
014 B00AA01 8-37809
014 A00AA02 GOLDMAN, SACHS & CO.
014 B00AA02 8-129
015 A00AA01 STATE STREET BANK & TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02105
015 E01AA01 X
015 A00AA02 THE NORTHERN TRUST COMPANY
015 B00AA02 S
015 C01AA02 CHICAGO
015 C02AA02 IL
015 C03AA02 60675
015 E01AA02 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 3
019 C00AA00 FUNDSGROUP
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 A000001 NATIONSBANC MONTGOMERY SECURITIES
<PAGE> PAGE 3
022 C000001 25771369
022 D000001 0
022 A000002 ABN AMRO SECURITIES
022 C000002 12738522
022 D000002 0
022 A000003 SALOMON SMITH BARNEY HOLDINGS INC.
022 B000003 13-3082694
022 C000003 10110286
022 D000003 92643
022 A000004 DONALDSON LUFKIN JENRETTE INC.
022 B000004 13-2741729
022 C000004 7771349
022 D000004 7461
022 A000005 BEAR STEARNS COMPANIES INC.
022 C000005 7083589
022 D000005 10855
022 A000006 MORGAN STANLEY DEAN WITTER & CO.
022 B000006 13-2655998
022 C000006 6089684
022 D000006 107271
022 A000007 DEUTSCHE BANK SECURITIES
022 B000007 13-2730828
022 C000007 5371438
022 D000007 60188
022 A000008 LEHMAN BROTHERS INC.
022 B000008 13-2518466
022 C000008 5156650
022 D000008 197507
022 A000009 CREDIT SUISSE FIRST BOSTON CORPORATION
022 B000009 13-5659485
022 C000009 3396464
022 D000009 86068
022 A000010 SWISS BANK
022 C000010 2103300
022 D000010 0
023 C000000 85592651
023 D000000 561993
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
<PAGE> PAGE 4
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 0
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 Y
066 A00AA00 N
067 00AA00 N
068 A00AA00 N
068 B00AA00 N
069 00AA00 N
077 A000000 Y
077 B000000 Y
077 Q010000 Y
078 000000 N
080 A00AA00 CHUBB GROUP
080 B00AA00 2100
080 C00AA00 2100
081 A00AA00 N
081 B00AA00 0
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
<PAGE> PAGE 5
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
024 000100 Y
025 A000101 MORGAN STANELY DEAN WITTER & CO.
025 B000101 13-2655998
025 C000101 D
025 D000101 34989
025 A000102 DELETE
025 D000102 0
025 D000103 0
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 1061998
028 A020100 2865
028 A030100 0
028 A040100 865963
028 B010100 1084119
028 B020100 2912
028 B030100 0
028 B040100 1182130
028 C010100 782576
028 C020100 4096
028 C030100 0
028 C040100 925798
028 D010100 884317
028 D020100 4023
028 D030100 0
028 D040100 1200558
028 E010100 884515
028 E020100 3583
028 E030100 0
028 E040100 981293
028 F010100 675546
028 F020100 3181
028 F030100 0
<PAGE> PAGE 6
028 F040100 994725
028 G010100 5373071
028 G020100 20660
028 G030100 0
028 G040100 6150467
028 H000100 0
037 000100 N
038 000100 0
039 000100 N
040 000100 N
041 000100 N
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.000
048 A010100 300000
048 A020100 0.200
048 B010100 0
048 B020100 0.000
048 C010100 0
048 C020100 0.000
048 D010100 0
048 D020100 0.000
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 300000
048 K020100 0.150
049 000100 N
050 000100 N
051 000100 N
052 000100 N
053 A000100 Y
053 B000100 Y
053 C000100 N
055 A000100 N
055 B000100 N
056 000100 Y
057 000100 N
058 A000100 N
059 000100 Y
060 A000100 Y
<PAGE> PAGE 7
060 B000100 Y
061 000100 0
062 A000100 Y
062 B000100 0.0
062 C000100 8.5
062 D000100 38.3
062 E000100 0.0
062 F000100 12.2
062 G000100 1.4
062 H000100 0.0
062 I000100 0.0
062 J000100 2.3
062 K000100 0.0
062 L000100 38.6
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 41
063 B000100 0.0
064 A000100 N
064 B000100 N
070 A010100 Y
070 A020100 Y
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 N
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 N
<PAGE> PAGE 8
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 0
071 B000100 0
071 C000100 0
071 D000100 0
072 A000100 12
072 B000100 77260
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 2437
072 G000100 1524
072 H000100 0
072 I000100 0
072 J000100 186
072 K000100 0
072 L000100 11
072 M000100 31
072 N000100 206
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 41
072 S000100 56
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 54
072 X000100 4546
072 Y000100 2597
072 Z000100 75311
072AA000100 0
072BB000100 0
072CC010100 0
072CC020100 0
072DD010100 75311
072DD020100 0
072EE000100 0
073 A010100 0.0498
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 69
<PAGE> PAGE 9
074 B000100 408800
074 C000100 658079
074 D000100 0
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 0
074 K000100 0
074 L000100 7053
074 M000100 7
074 N000100 1074008
074 O000100 0
074 P000100 94
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 5545
074 S000100 0
074 T000100 1068369
074 U010100 1068369
074 U020100 0
074 V010100 1.00
074 V020100 0.00
074 W000100 1.0000
074 X000100 244
074 Y000100 0
075 A000100 1524420
075 B000100 0
076 000100 0.00
024 000200 N
025 D000201 0
025 D000202 0
025 D000203 0
025 D000204 0
025 D000205 0
025 D000206 0
025 D000207 0
025 D000208 0
028 A010200 13500
028 A020200 821
028 A030200 0
028 A040200 5000
028 B010200 14000
028 B020200 808
028 B030200 0
028 B040200 5000
028 C010200 3000
028 C020200 817
<PAGE> PAGE 10
028 C030200 0
028 C040200 8000
028 D010200 0
028 D020200 796
028 D030200 0
028 D040200 740
028 E010200 0
028 E020200 806
028 E030200 0
028 E040200 25540
028 F010200 8544
028 F020200 754
028 F030200 0
028 F040200 12646
028 G010200 39044
028 G020200 4802
028 G030200 0
028 G040200 56926
028 H000200 0
037 000200 N
038 000200 0
039 000200 N
040 000200 N
041 000200 N
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.200
048 A010200 0
048 A020200 0.000
048 B010200 0
048 B020200 0.000
048 C010200 0
048 C020200 0.000
048 D010200 0
048 D020200 0.000
048 E010200 0
048 E020200 0.000
048 F010200 0
048 F020200 0.000
048 G010200 0
048 G020200 0.000
048 H010200 0
048 H020200 0.000
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 0
048 K020200 0.000
049 000200 N
<PAGE> PAGE 11
050 000200 N
051 000200 N
052 000200 N
053 A000200 N
055 A000200 N
055 B000200 N
056 000200 Y
057 000200 N
058 A000200 N
059 000200 Y
060 A000200 Y
060 B000200 Y
061 000200 0
062 A000200 Y
062 B000200 0.0
062 C000200 0.0
062 D000200 5.6
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 10.5
062 N000200 6.5
062 O000200 0.0
062 P000200 0.0
062 Q000200 80.9
062 R000200 0.0
063 A000200 0
063 B000200 0.5
064 A000200 N
064 B000200 N
070 A010200 Y
070 A020200 Y
070 B010200 N
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
<PAGE> PAGE 12
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 N
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 Y
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 1111847
071 B000200 1009190
071 C000200 660880
071 D000200 153
072 A000200 12
072 B000200 41520
072 C000200 0
072 D000200 0
072 E000200 0
072 F000200 1400
072 G000200 700
072 H000200 0
072 I000200 5
072 J000200 111
072 K000200 0
072 L000200 5
072 M000200 17
072 N000200 14
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 43
072 S000200 21
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 20
072 X000200 2336
072 Y000200 0
072 Z000200 39184
072AA000200 0
<PAGE> PAGE 13
072BB000200 5238
072CC010200 0
072CC020200 3976
072DD010200 39270
072DD020200 0
072EE000200 0
073 A010200 0.5453
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 34
074 B000200 38800
074 C000200 0
074 D000200 678898
074 E000200 0
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 2984
074 K000200 0
074 L000200 4950
074 M000200 3
074 N000200 725669
074 O000200 29725
074 P000200 177
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 2610
074 S000200 0
074 T000200 693157
074 U010200 71799
074 U020200 0
074 V010200 9.65
074 V020200 0.00
074 W000200 0.0000
074 X000200 244
074 Y000200 0
075 A000200 0
075 B000200 699802
076 000200 0.00
024 000300 Y
025 A000301 SALOMON SMITH BARNEY HOLDINGS, INC.
025 B000301 13-3082694
025 C000301 D
025 D000301 4597
025 A000302 BEAR STEARNS COMPANIES INC.
025 C000302 D
025 D000302 1005
<PAGE> PAGE 14
025 A000303 DELETE
025 D000303 0
025 D000304 0
025 D000305 0
025 D000306 0
025 D000307 0
025 D000308 0
028 A010300 3000
028 A020300 520
028 A030300 0
028 A040300 0
028 B010300 17500
028 B020300 511
028 B030300 0
028 B040300 0
028 C010300 2000
028 C020300 533
028 C030300 0
028 C040300 15000
028 D010300 500
028 D020300 516
028 D030300 0
028 D040300 -500
028 E010300 0
028 E020300 536
028 E030300 0
028 E040300 1250
028 F010300 0
028 F020300 547
028 F030300 0
028 F040300 988
028 G010300 23000
028 G020300 3163
028 G030300 0
028 G040300 16738
028 H000300 0
037 000300 N
038 000300 0
039 000300 N
040 000300 N
041 000300 N
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.200
048 A010300 0
048 A020300 0.000
048 B010300 0
048 B020300 0.000
048 C010300 0
048 C020300 0.000
<PAGE> PAGE 15
048 D010300 0
048 D020300 0.000
048 E010300 0
048 E020300 0.000
048 F010300 0
048 F020300 0.000
048 G010300 0
048 G020300 0.000
048 H010300 0
048 H020300 0.000
048 I010300 0
048 I020300 0.000
048 J010300 0
048 J020300 0.000
048 K010300 0
048 K020300 0.000
049 000300 N
050 000300 N
051 000300 N
052 000300 N
053 A000300 N
055 A000300 N
055 B000300 N
056 000300 Y
057 000300 N
058 A000300 N
059 000300 Y
060 A000300 Y
060 B000300 Y
061 000300 0
062 A000300 Y
062 B000300 0.0
062 C000300 0.0
062 D000300 3.7
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 7.4
062 N000300 10.3
062 O000300 0.0
062 P000300 0.0
062 Q000300 78.2
062 R000300 0.0
063 A000300 0
063 B000300 0.3
064 A000300 N
<PAGE> PAGE 16
064 B000300 N
070 A010300 Y
070 A020300 Y
070 B010300 N
070 B020300 N
070 C010300 N
070 C020300 N
070 D010300 N
070 D020300 N
070 E010300 N
070 E020300 N
070 F010300 N
070 F020300 N
070 G010300 N
070 G020300 N
070 H010300 N
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 N
070 L010300 N
070 L020300 N
070 M010300 N
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 Y
070 P020300 Y
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 805766
071 B000300 759928
071 C000300 451163
071 D000300 168
072 A000300 12
072 B000300 28953
072 C000300 0
072 D000300 0
072 E000300 0
072 F000300 940
072 G000300 235
072 H000300 0
072 I000300 2
072 J000300 93
<PAGE> PAGE 17
072 K000300 0
072 L000300 5
072 M000300 12
072 N000300 16
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 37
072 S000300 20
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 21
072 X000300 1381
072 Y000300 0
072 Z000300 27572
072AA000300 0
072BB000300 4446
072CC010300 0
072CC020300 11672
072DD010300 27595
072DD020300 0
072EE000300 0
073 A010300 0.5732
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 4
074 B000300 18000
074 C000300 0
074 D000300 472713
074 E000300 0
074 F000300 0
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 4578
074 K000300 0
074 L000300 3761
074 M000300 2
074 N000300 499058
074 O000300 4377
074 P000300 105
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 1971
074 S000300 0
074 T000300 492605
074 U010300 51468
<PAGE> PAGE 18
074 U020300 0
074 V010300 9.57
074 V020300 0.00
074 W000300 0.0000
074 X000300 86
074 Y000300 0
075 A000300 0
075 B000300 470036
076 000300 0.00
SIGNATURE DEBORAH FARRELL
TITLE LEGAL ANALYST
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Trust
for Credit Unions Annual Report dated August 31, 1999 and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 01
<NAME> TCU Money Market Portfolio
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> Aug-31-1999
<PERIOD-START> Sep-01-1998
<PERIOD-END> Aug-31-1999
<INVESTMENTS-AT-COST> 1,066,879,491
<INVESTMENTS-AT-VALUE> 1,066,879,491
<RECEIVABLES> 7,052,544
<ASSETS-OTHER> 75,758
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,074,007,793
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5,639,280
<TOTAL-LIABILITIES> 5,639,280
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,068,368,513
<SHARES-COMMON-STOCK> 1,068,368,513
<SHARES-COMMON-PRIOR> 972,856,776
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 1,068,368,513
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 77,259,890
<OTHER-INCOME> 0
<EXPENSES-NET> (1,948,688)
<NET-INVESTMENT-INCOME> 75,311,202
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 75,311,202
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (75,311,202)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 11,014,710,870
<NUMBER-OF-SHARES-REDEEMED> (10,955,689,385)
<SHARES-REINVESTED> 36,490,252
<NET-CHANGE-IN-ASSETS> 95,511,737
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,436,632
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4,546,035
<AVERAGE-NET-ASSETS> 1,524,420,067
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (0.05)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.13
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Trust
for Credit Unions Annual Report dated August 31, 1999 and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 02
<NAME> TCU Government Securities Portfolio
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> Aug-31-1999
<PERIOD-START> Sep-01-1998
<PERIOD-END> Aug-31-1999
<INVESTMENTS-AT-COST> 722,603,670
<INVESTMENTS-AT-VALUE> 717,698,312
<RECEIVABLES> 7,933,493
<ASSETS-OTHER> 37,335
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 725,669,140
<PAYABLE-FOR-SECURITIES> 29,725,092
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,786,972
<TOTAL-LIABILITIES> 32,512,064
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 722,534,349
<SHARES-COMMON-STOCK> 71,799,371
<SHARES-COMMON-PRIOR> 66,893,980
<ACCUMULATED-NII-CURRENT> (1,343,152)
<OVERDISTRIBUTION-NII> (86,230)
<ACCUMULATED-NET-GAINS> (23,425,757)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (4,905,358)
<NET-ASSETS> 693,157,076
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 41,519,512
<OTHER-INCOME> 0
<EXPENSES-NET> (2,335,344)
<NET-INVESTMENT-INCOME> 39,184,168
<REALIZED-GAINS-CURRENT> (5,238,318)
<APPREC-INCREASE-CURRENT> (3,975,668)
<NET-CHANGE-FROM-OPS> 29,970,182
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (39,270,398)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 12,332,391
<NUMBER-OF-SHARES-REDEEMED> (8,370,969)
<SHARES-REINVESTED> 943,969
<NET-CHANGE-IN-ASSETS> 38,504,534
<ACCUMULATED-NII-PRIOR> (1,343,152)
<ACCUMULATED-GAINS-PRIOR> (18,187,439)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,399,604
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,335,344
<AVERAGE-NET-ASSETS> 699,801,888
<PER-SHARE-NAV-BEGIN> 9.79
<PER-SHARE-NII> 0.54
<PER-SHARE-GAIN-APPREC> (0.14)
<PER-SHARE-DIVIDEND> (0.54)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.65
<EXPENSE-RATIO> 0.33
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Trust
for Credit Unions Annual Report dated August 31, 1999 and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 3
<NAME> TCU Mortgage Securities Portfolio
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> Aug-31-1999
<PERIOD-START> Sep-1-1998
<PERIOD-END> Aug-31-1999
<INVESTMENTS-AT-COST> 498,281,465
<INVESTMENTS-AT-VALUE> 490,712,864
<RECEIVABLES> 8,339,282
<ASSETS-OTHER> 5,931
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 499,058,077
<PAYABLE-FOR-SECURITIES> 4,377,427
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,076,117
<TOTAL-LIABILITIES> 6,453,544
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 512,219,096
<SHARES-COMMON-STOCK> 51,467,874
<SHARES-COMMON-PRIOR> 44,704,857
<ACCUMULATED-NII-CURRENT> (146,260)
<OVERDISTRIBUTION-NII> (22,899)
<ACCUMULATED-NET-GAINS> (11,876,803)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (7,568,601)
<NET-ASSETS> 492,604,533
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 28,952,867
<OTHER-INCOME> 0
<EXPENSES-NET> (1,381,253)
<NET-INVESTMENT-INCOME> 27,571,614
<REALIZED-GAINS-CURRENT> (4,446,414)
<APPREC-INCREASE-CURRENT> (11,671,755)
<NET-CHANGE-FROM-OPS> 11,453,445
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (27,594,513)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 12,758,107
<NUMBER-OF-SHARES-REDEEMED> (6,596,683)
<SHARES-REINVESTED> 601,593
<NET-CHANGE-IN-ASSETS> 50,054,737
<ACCUMULATED-NII-PRIOR> (608,717)
<ACCUMULATED-GAINS-PRIOR> (7,617,494)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 940,072
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,381,253
<AVERAGE-NET-ASSETS> 470,036,422
<PER-SHARE-NAV-BEGIN> 9.90
<PER-SHARE-NII> 0.57
<PER-SHARE-GAIN-APPREC> (0.33)
<PER-SHARE-DIVIDEND> (0.57)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.57
<EXPENSE-RATIO> 0.29
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
