PMA/MOCAAT Achieves Significant Milestone – Reaching $1B 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 $1 billion in assets in MOCAAT and its Fixed Rate Investment Program as of July 12, 2022.
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 67 Participants in its first 18 months of existence.
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.”
