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Callahan & Associates announces 100 percent employee-ownership model

WASHINGTON, DC (December 5, 2018) — After more than 30 years of contributing to the credit union movement, Callahan & Associates announces a new ownership model designed to allow the firm to continue to help credit unions build member value. By becoming 100 percent employee-owned, the organization solidifies its ongoing commitment to its employees and the credit union industry it serves.

“Broad-based employee ownership allows our associates to benefit from their dedication to clients,” says Jon Jeffreys, managing partner at Callahan & Associates. “We believe this move will create better alignment and deeper engagement, which will lead to a more significant impact in the market. We have had an ESOP, or Employee Stock Ownership Plan, since 2004, thus the process to becoming 100 percent ESOP-owned was a natural evolution for the firm.”

“At a credit union, everyone is working to increase value for one group of shareholders — their members,” says Callahan board chair Doug Fecher, CEO at Wright-Patt Credit Union in Beavercreek, OH. “The shift to a 100 percent employee-ownership model mirrors this spirit and allows for our talented management team to continue to lead the company in finding ways to help credit unions thrive. This transition is about creating a sustainable model for the business looking forward.”

Callahan & Associates will continue to operate under the same business model and there is no change to the management team.

“Callahan has always held a high standard of service for our clients,” Jeffreys says. “The move to 100 percent employee ownership will amplify our service quality and strengthen our overall commitment to the industry.”

About Callahan & Associates

For nearly 40 years, Callahan & Associates has been instrumental in guiding credit union leaders to make informed strategic decisions to ensure their long-term relevance. They accomplish this by helping credit unions measure performance, identify strategic opportunities, and build collaborative networks, all through a mission-focused lens. Learn more at www.callahan.com.