About Catholic United Financial Credit Union

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At the turn of the 21st century, the Board of Directors of Catholic United Financial approved the establishment of a member-owned credit union that would operate under the same values and business principles as its parent company. 

Since then, CUFCU has provided banking products and services to catholic individuals, families and organizations throughout the Midwest.

Our mission is to inspire, educate and support members of our Catholic communities in achieving a lifetime of financial success.

• 2001 - Catholic Aid Association Credit Union was charted by the State of Minnesota
• 2010 - Changed its name to Catholic United Financial Credit Union to reflect its parent company.
• 2012 - Merged with Catholic Credit Union of St. Cloud
• 2016 - Relocated the St. Cloud office to its current location on St. Germain Street
• August 2020 - Appointed Maureen Daehn as president
• July 2021 - Merged with St. Thomas Employee Federal Credit Union
• October 2022 - Maureen Daehn announces retirement and Andrea Ferkingstad is appointed as new president
• April 2023 - Announces the Credit Union's St. Cloud office will relocate to downtown St. Cloud in October 2023.

Credit unions are different from other financial institutions because they are not-for-profit cooperatives whose primary goal is to serve their members. Our directors are elected by the membership and serve a three-year term. They volunteer their time and lend their expertise to ensure the needs of the members are met and their expectations are exceeded.

• Michael Ahles, Chair
• Harald Borrmann, Vice Chair
• Deborah Gephart, Secretary & Treasurer
• Dave Stang, Director
• Nate Lamusga, Director
• Butch Byers, Director
• Tizoc Rosales, Director

The Supervisory Committee provides oversight of the safety and soundness of the credit union by monitoring risks and controls associated with its objectives, strategies, and plans.

• Nate Lamusga, Chair
• Tony Erickson, Member
• Sheri Satterstrom, Member