SOUTH BEND, Ind.— Notre Dame Federal Credit Union said it is moving forward with its planned merger with Catholic United Financial Credit Union after Catholic United Financial CU members overwhelmingly approved the deal at a special membership meeting last month.
The merger had already been approved by both boards and the NCUA, with the transaction set to take effect April 1.
The combined institution will operate as Notre Dame Federal Credit Union, serving approximately 70,000 members with roughly $1.4 billion in assets. The credit union said the merger brings together two mission-driven cooperatives with shared priorities around member service, community involvement and long-term sustainability.
“This is an exciting and meaningful step forward for our members,” Catholic United Financial CU President Andrea Kuhl said in a statement, adding member support for the merger reflects the “shared values” of both organizations. Notre Dame FCU President/CEO Thomas Gryp said the combined organization will build on both institutions’ focus on service, stewardship and community.
Following the merger, Gryp will remain president/CEO of the combined credit union, while Kuhl will serve as Upper Midwest market president, overseeing expansion and growth efforts in Minnesota and the surrounding region. Notre Dame FCU said it currently has more than $1 billion in assets and more than 66,000 members worldwide.