Callahan Expands Employee Ownership
Callahan & Associates last week announced an expansion of ownership as part of an ongoing strategy to evolve, support and develop new opportunities in the credit union system.
Jon Jeffreys, vice president of Callahan Financial Services, Jay Johnson, executive vice president, Alix Patterson, chief operating officer, and Scott Patterson, vice president of new business innovation, joined Chip Filson and the Callahan employee stock ownership program as equity owners of the firm.
“Callahan has built an incredible foundation over the past 27 years with innovations,” said Jay Johnson, executive vice president .“Our senior management team is energized by the opportunity to build on this legacy at a time when credit unions are seeing unprecedented momentum.”
“My vision for Callahan & Associates is to enhance the cooperative role for the credit union community in serving America’s consumers and communities,” said Chip Filson, chairman.
The new leadership team, with Sean Hession as CEO/president, said it believes the $1 trillion credit union system is positioned to expand cooperative solutions to some of America’s current and future economic and financial challenges.
With the expanded ownership, the credit union industry can expect even more focus on new collaborative ventures, increased capabilities and the creation of new CUSO’s to enable credit unions to further realize the inherent benefits of the cooperative structure in the 21st century, the firm said in its announcement.