Callahan & Associates announced Tuesday that it has bought CU Strategic Planning, a Tacoma, Wash., company that writes grants and provides Community Development Financial Institutions (CDFI) expertise.
A news release from Callahan said CU Strategic Planning will operate as a Callahan company, and that both “will retain all staff to maintain seamless operations.” The Washington, D.C.-based Callahan has 55 employees and CU Strategic Planning has 35 employees.
“Joining forces with CU Strategic Planning just feels right,” Callahan CEO Jon Jeffreys said. “I’m so excited to see the impact we can have on the industry together. Moving forward as one organization, we are even better positioned to serve our credit unions, while driving growth and positive change within the movement.”
Callahan confirmed it had bought the company, which specializes in Community Development Financial Institutions, but declined to say how much it paid.
Jamie Strayer founded CU Strategic Planning in 2008, and in 2013 hired her former boss, Stacy Augustine, to be president/CEO. The company’s website lists Strayer, Augustine and three others as owners. Under Callahan, Augustine continues as president.
“This announcement represents a new chapter in our journey to support the long-term relevancy and impact of credit unions across America,” Augustine said. “Callahan’s products and services have been transformational for us and our clients. We are beyond excited about the opportunities this alliance brings and look forward to delivering even greater value to our credit unions, together.”