CUSO Financial Services, a trade association that provides back-office investment services to credit unions, announced Thursday it was introducing the ActivePassive Portfolios on the CUSO Asset Management platform.

The portfolios, which launched Dec. 14, are a series of asset allocation models derived from FundQuest’s ActivePassive mutual fund family. Advisors can select from 14 different investment approaches designed to satisfy their clients’ various risk tolerance levels and tax situations, says Steve Hollenbeck, senior vice president of marketing for San Diego-based CUSO Financial Services. FundQuest manages the portfolio based on recommendations from its investment management department.

Using the new portfolio, fees for the CUSO Portfolio range from 80 to 160 basis points, depending on how closely the client’s portfolio is managed, according to Hollenbeck.

Aside from the new portfolios, the CAM platform offers exchange-traded funds, mutual funds, managed accounts and unified managed accounts to CUSO’s more than 120 credit unions with $8.3 billion in assets.