PMA/MOCAAT Achieves Significant Milestone – Reaching $3B in Fund Assets
PMA, a premier full-service provider of financial and advisory services to local governments, along with the Missouri Capital Asset Advantage Treasury (MOCAAT), achieved a significant milestone by reaching $3 billion in assets in MOCAAT and its Fixed Rate Investment Program as of February 7, 2024.
Established in 2020 and sponsored by EducationPlus, the Cooperating School Districts of Greater Kansas City, the Missouri Association of Rural Education, and the Greater Ozarks Cooperating School Districts, MOCAAT has provided significant value to Missouri schools. In addition to the high mark in assets, MOCAAT has also grown to more than 205 Participants in its first three years of existence.
John Jungmann, Vice President, Investment Services, said “We are proud to serve more than 200 clients across Missouri and are honored to see that these partners continue to put their faith in our team. Through MOCAAT, our Participants can maximize interest earning so that they can invest more dollars in their classrooms and communities.” Jungmann continued, “reaching the $3 billion milestone in just over three years is remarkable growth and something we celebrate alongside our wonderful clients.”
“From day one, our MOCAAT Board of Directors said that adding competition to the market would be a great benefit for school districts. We believe that this vision is playing out just as they had hoped,” added Jason Hoffman, Vice President, Investment Services. “We are proud of the work that our growing Missouri team is doing to provide high touch investment services for our clients.”
With a strong understanding of local governments’ needs, PMA has established itself as a leading provider of integrated financial solutions to public entities. Rajesh Chainani, PMA Senior Vice President, Business Development, said “PMA is known for its commitment to serving local governments. Our performance is built around the safety, liquidity and yield that public sector officials depend on and expect, and we look forward to continuing to bring these values to MOCAAT and its Participants.”
John Jungmann, Coordinator, Sales and Relationship Management, said “We are thrilled to have the support of so many districts and are energized that we are continuing to serve students and schools across Missouri.”
“With the guidance and oversight of the MOCAAT Board of Directors, our services continually evolve
to best meet the needs of Missouri public entities,” added Jason Hoffman, Coordinator, Sales and Relationship Management. “We are proud of the work our team is doing and we are incredibly grateful to our clients for their confidence in us.”
With a strong understanding of local governments’ needs, PMA has established itself as a leading provider of integrated financial solutions to public entities. Michele Wiberg, PMA Chief Sales and Marketing Officer, said “PMA is known for its commitment to serving local governments. Our performance is built around the safety, liquidity and yield that public sector officials depend on and expect, and we look forward to continuing to bring these values to MOCAAT and its Participants.”
