Notre Dame Federal Credit Union and Catholic United Financial Credit Union announced plans to merge through a strategic partnership that would combine the two not-for-profit credit unions under the Notre Dame FCU name, pending a member vote and regulatory steps already underway.
The proposed transaction has been approved by both boards of directors and the National Credit Union Administration. The merger remains subject to a vote of Catholic United Financial CU members scheduled for March 18, 2026. If approved, the organizations said the merger’s effective date would be April 1, 2026.
The combined credit union is expected to serve about 70,000 members and manage approximately $1.4 billion in total assets. The institutions said the partnership is built around shared values rooted in Catholic Social Teachings, with an emphasis on member service, community involvement, and long-term sustainability.
Following the merger, Thomas Gryp will continue as President and CEO of the combined credit union. Andrea Kuhl will serve as Upper Midwest Market President, with a focus on the region.
Notre Dame FCU said it has assets exceeding $1 billion and more than 66,000 members worldwide, operating 12 branch locations, a virtual branch, and digital banking services. Catholic United Financial CU reported $34 million in assets and more than 3,200 member-owners, with offices in St. Paul and St. Cloud, Minnesota.
KEY QUOTES
“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.”
Andrea Kuhl, President, Catholic United Financial Credit Union
“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.”
Thomas Gryp, President and CEO, Notre Dame Federal Credit Union
