#United States #Financial Services #Notre Dame FCU #Catholic United Financial CU #Notre Dame, Indiana

Strategic Merger Announcement: Notre Dame FCU and Catholic United Financial CU

In an exciting development for local financial services, Notre Dame Federal Credit Union (NDFCU) and Catholic United Financial Credit Union (CUFCU) have announced their intent to merge. This strategic partnership seeks to unify the strengths, cultures, and shared values of the two member-owned, not-for-profit financial cooperatives, a move that promises to enhance services for nearly 70,000 members and manage assets totaling approximately $1.4 billion.

Approval and Next Steps

The merger has received approval from the boards of directors of both organizations, as well as the National Credit Union Administration (NCUA). It is now pending a vote by CUFCU members scheduled for March 18, 2026. Should members approve the merger, it is set to take effect on April 1, 2026.

Commitment to Community and Values

The collaboration is positioned as a meaningful unification of two organizations deeply committed to Catholic Social Teachings, member service, community involvement, and sustainable practices. Andrea Kuhl, President of CUFCU, expressed her enthusiasm regarding the merger: "This merger unites two heart-driven organizations. 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."

Thomas Gryp, President/CEO of NDFCU, echoed these sentiments: "This partnership unites two mission-driven organizations with shared values and a common commitment to putting people over profit. 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."

Leadership after the Merger

Post-merger, Thomas Gryp will retain his position as President/CEO of the newly formed credit union, while Andrea Kuhl will take on the role of Upper Midwest Market President. This leadership structure is anticipated to further strengthen the united organization's ability to address the diverse needs of its members.

About the Organizations

• - Notre Dame Federal Credit Union (NDFCU): Established in 1941, NDFCU boasts over $1 billion in assets and a membership exceeding 66,000. With a range of financial services offered through its twelve branches, virtual branch, and online banking platforms, NDFCU aims to provide personalized experiences to its members. The credit union remains independent of the University of Notre Dame, serving over 900 affiliated groups.
• - Catholic United Financial Credit Union (CUFCU): CUFCU is another prominent not-for-profit cooperative, with $34 million in assets and a membership base of over 3,200. With operations located in St. Paul and St. Cloud, Minnesota, CUFCU provides comprehensive banking products aimed at supporting Catholic individuals, families, and organizations in achieving financial success.

Conclusion

The impending merger of Notre Dame FCU and Catholic United Financial CU presents an opportunity for both institutions to elevate their impact on their communities while maintaining a strong adherence to their core values. With both organizations positioned to navigate future challenges and meet increasing member needs, the merger marks a significant milestone in their history and the broader financial landscape. For additional details and updates about the merger, members and interested parties are encouraged to visit NotreDameFCU.com/Merger.