Notre Dame Federal Credit Union intends to merge with Catholic United Financial Credit Union based in Minnesota.
Boards of both credit unions and the National Credit Union Administration have approved the merger. Members of Catholic United FCU must vote on it March 18. If they say “yes,” the merger will become effective April 1.
“This merger unites two heart-driven organizations,” said Andrea Kuhl, president of Catholic United FCU, in a press release. “Both credit unions have a long history of prioritizing purpose and impact over profit. This merger allows us to live that out more fully together and better serve the growing needs of our members and Catholic communities in Minnesota.”
The combined credit union will take on the Notre Dame FCU name and will serve 70,000 members with about $1.4 billion assets.
Kuhl will become the upper Midwest market president, while Notre Dame FCU President and CEO Thomas Gryp will serve as leader of the combined credit union.
“Having Andrea and her team join Notre Dame FCU to serve the upper Midwest region will be extremely beneficial for all parties, especially our current and future members in the region,” Gryp said.
Catholic United Financial CU has 3,200 members and $34 million in assets. It has branches in St. Paul and St. Cloud, Minnesota. Notre Dame FCU was founded in 1941.
