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Address: |
Catholic Aid Association Credit Union |
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Phone: Lost or Stolen ATM or Checkcard |
651-765-4132 800-264-5578 |
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Office Hours: |
Monday - Thursday 8:00 - 4:00 |
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Email: |
info@caacu.org |
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Monday, February 18 (President's Day)
Friday, March 21 (Good Friday)
Monday, May 26 (Memorial Day)
Friday, July 4 (Independence Day)
Friday, August 15 (Feast of the Assumption)
Monday, September 1 (Labor Day)
Thursday & Friday, Nov. 27 & 28 (Thanksgiving)
Thursday & Friday, Dec. 25 & 26
(Christmas Holiday)
Thursday, January 1, 2009 (New Year's Holiday) |
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Board of Directors | |
| Michael McGovern Bernard Bastian Dennis Olson Frances Barten Mary Fitzpatrick |
Board Chair |
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Supervisory Committee | |
| F.L. Spanier John Torborg Maureen Downey-Horowicki |
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Staff | |
| Stephany M. Gisler Brenda Schuhwerck |
President Financial Services Rep. |
History of the Catholic Aid Association Credit Union
Catholic Aid Association Credit Union was chartered by the State of Minnesota in May 2001. For more than 100 years, the Catholic Aid Association has successfully focused on providing quality life insurance products; secure savings choices and tremendous fraternal programs and benefits for their members. In the early 1990s, the Catholic Aid Association, striving to provide more value to its membership, embarked on a plan to form a Foundation and a Credit Union. The Catholic Aid Association Foundation was formed in 1997 to promote fraternalism and charity and to support the Roman Catholic Church. The Credit Union was formed in 2001 to provide excellent financial products and services to Catholic Aid Association members and their families.
Who Can Join
Membership is open to:
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All Catholic Aid Association members.
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Organizational groups such as Catholic Aid Association local councils.
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Catholic Parishes and Catholic Schools who have joined Catholic Aid Association Credit Union as a Select Employee Group:
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St. Bernards Church - Parishioners and Faculty, St. Paul, MN
- St. Agnes Church - Parishioners and Faculty, St. Paul, MN
Once you become a Member anyone of your family members are able to join!
If you are not a member of Catholic Aid Association, it is easy to join. Simply click on their highlighted name above to go to their website. Once a member of Catholic Aid Association, Catholic Aid Association Credit Union becomes one of your benefits.
Membership is established upon approval of a membership application and deposit of at least $25 in a Membership Savings account. Each member has the right to one vote, regardless of deposit balance. A volunteer Board of Directors is elected at the credit union annual meeting to represent all members.
Once a Member, Always a Member
Once you join the credit union, you may remain a member for life even if you no longer meet the initial membership requirements.
The Credit Union Benefit
Credit Unions were formed as member-owned cooperatives organized to promote thrift and make loans from accumulated savings. Credit unions are not in business for profit, but for service. They encourage members to accumulate savings out of income as a means of building economic security for themselves and their families, ultimately helping them help themselves to a greater degree of financial stability. Members save in a variety of savings accounts and that money, in turn, is borrowed to other members. After operating expenses and reserve requirements are met, loan income is returned to all members in the form of dividends and other services.
NCUA Insurance
The National Credit Union Administration (NCUA), a federal agency, insures each member's funds up to $100,000. This is an aggregate limit for all savings, checking and certificate products. In addition to individual NCUA coverage, account held jointly, in revocable trust accounts and in IRA accounts carry separate insurance protection up to $100,000 each.
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