Catholic Family Credit Union (CFCU) was established in 1957 as a parish-based credit union, originally chartered as St. Elizabeth Credit Union and operating from a single room at St. Elizabeth Parish. Over six decades, the organization has expanded to serve more than 17 local parishes, schools, and organizations across South Kansas City, building membership exceeding 3,000 members and assets approaching $10 million. The credit union maintains its community-focused mission while providing financial services to members of affiliated Catholic institutions.
CFCU offers a range of financial products including share savings accounts (insured up to $250,000 by NCUA), auto loans with rates ranging from 4.75% to 10.50% depending on loan term and vehicle type, and membership eligibility for employees, students, faculty, alumni, and family members of affiliated parishes, schools, and universities. Members receive automatic no-cost TruStage Accidental Death and Dismemberment insurance ($1,000 coverage), with options to purchase additional coverage up to $300,000. The credit union also provides access to TruStage Auto & Home Insurance with potential discounts and 24/7 claims service.
As a member-owned, not-for-profit institution, CFCU is federally insured by the National Credit Union Administration (NCUA) under the National Credit Union Share Insurance Fund (NCUSIF), which operates with the highest capitalization of all federal insurance funds and receives no tax dollars. The organization is governed by a board of local professionals elected by members at annual meetings, with all board members required to be existing members involved in their community.
CFCU is best suited for individuals with ties to the Catholic community in South Kansas City and members of affiliated parishes, schools, and universities. As a smaller credit union with assets under $10 million, it may have more limited services and technology features compared to larger financial institutions, though members benefit from community focus and personalized service.