Jay Johnson, executive vice president of Callahan &Associates, has been elected the new president of TRUST, a familyof institutional mutual funds offered exclusively to creditunions.
|Johnsonsucceeds Chip Filson, chairman of Callahan in Washington.
|Jon Jeffreys, president of Credit Union Student Choice and vice president of CallahanFinancial Services, was elected the new assistant treasurer ofTRUST.
|Johnson will continue to serve as treasurer, according toCallahan.
|Callahan Financial Services is a wholly-owned subsidiary ofCallahan & Associates and is the distributor of the TRUSTmutual funds. Goldman Sachs Asset Management L.P. is the investmentadviser of the funds.
|Credit unions have invested nearly $1.5 billion in TRUST's threeportfolios, according to Callahan.
|“I am extremely proud of the TRUST's accomplishments over thelast 25 years and look forward to watching the new leadershipcontinue to expand access to this important credit union investmentoption,” said Filson, former president of TRUST.
|The new officers were elected at TRUST's board of trustees'recent annual meeting.
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