After more than 30 years of contributing to the credit union movement, Callahan & Associates recently announced a new ownership model designed to allow the firm to continue to help credit unions build member value. By becoming 100% employee-owned, we're able to solidify our ongoing commitment to our employees and the credit union industry we serve.
Broad-based employee ownership allows our associates to benefit from their dedication to clients. And we believe this move will create better alignment and deeper engagement, which will lead to a more significant impact in the market. We've 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.
Recently, I had the chance to sit down with CUbroadcast's Mike Lawson to discuss the change, and how it benefits Callahan and our partners. Watch below.