NOTRE DAME, Ind. — Notre Dame FCU has agreed to acquire Catholic United Financial Credit Union in a merger that would create a $1.4-billion institution serving roughly 70,000 members across Indiana and the Upper Midwest, NDFCU announced.
The deal has been approved by both boards and by NCUA, but still requires a member vote at Catholic United Financial CU on March 18. If members approve, the merger would take effect April 1.
Notre Dame FCU, which has more than $1 billion in assets, will be the surviving charter. Catholic United Financial CU brings approximately $400 million in assets.
Leaders of both credit unions framed the transaction as a mission-driven combination rooted in Catholic Social Teaching, community service, and long-term sustainability rather than scale for its own sake.
Notre Dame FCU President/CEO Thomas Gryp said the partnership aligns two purpose-driven organizations with similar values and will strengthen service to members across the Upper Midwest. Catholic United Financial CU President Andrea Kuhl said joining Notre Dame FCU will allow the two institutions to deepen their community impact while better meeting members’ needs in Minnesota and neighboring states.
If approved, Gryp will remain president and CEO of the combined credit union, while Kuhl will become Upper Midwest Market President.