Catholic Family Credit Union

Overview

The Catholic Family Credit Union is a nonprofit organization serving the financial needs of the Catholic community. It was established to provide financial services and support to its members.

History and Service Area

The Catholic Family Credit Union has roots dating back to 1957, when it began serving the financial needs of South Kansas City's Catholic community. The organization focuses on providing services to students, employees, faculty, alumni, and family members of associated schools and universities.

Membership

Membership in the Catholic Family Credit Union is open to specific groups, including those associated with Catholic schools and parishes. To join, individuals must complete a membership application with a minimum deposit. Once members, they have access to the credit union's products and services for life, provided they maintain a minimum balance.

Financial Operations

As of recent data, the organization's financial profile includes revenue primarily from program services and investment income. Key financial details include a focus on serving the community through its financial operations.

Services

The credit union offers a range of services, including banking products and some insurance benefits. Members enjoy benefits such as discounted insurance rates through partnerships with insurance providers. Additionally, there is an offering of accidental death and dismemberment insurance coverage without cost to members.

Governance

The organization's governance structure includes a board of directors, with roles such as president, board vice president, and treasurer. Compensation details for officers are publicly available through financial reports.

Compliance

The organization files annual reports with the relevant authorities, providing insights into its financial health and governance practices. However, it is noted that recent tax-exempt status updates may be incomplete or outdated.