Hi Phil.
No, Phil; I think it obvious from the context that the FPCJG, and the elect, are one, and the same.
There are any number of sources I could footnote to support that, but will use one familiar to you
The Catholic Encyclopedia at
NewAdvent.org, under subhead II
New Testament states:The New Testament transfers (excepting perhaps in Acts 13:17) the meaning of the term [the elect] from its connection with the people of Israel to the members of the Church of Christ,…St. Paul, too, speaks of the elect (Romans 8:33) and describes the five degrees of their election: they are foreknown, predestined, called, justified, and glorified (loc. cit., 29, 30).
I do not entirely agree with the first statement listed, in that, Israel is still the elect of God in a national sense, and has not been replaced by the Church, and there were/are Jews in the Church.
You are partly correct.