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Who We Are

We're a Credit Union, not a Bank

Catholic Federal Credit Union has been active in the community since 1956, when it was originally chartered to serve parishioners of St. Mary’s Cathedral Credit Union in Saginaw, Michigan. Founded on the credit union philosophy of people helping people, members believed if they pooled their money together, they could provide more affordable financial services for everyone.

CFCU has been connecting members with great savings and loans products, competitive rates, low payments and superior local service. By creating local jobs, supporting local causes, and empowering its members to meet their financial goals, CFCU is a vital part of the Great Lakes Bay community.

Catholic Federal Credit Union membership is open to:

  • Members of Catholic Parishes in the Diocese of Saginaw which includes Arenac, Bay, Clare, Gladwin, Gratiot, Huron, Isabella, Midland, Saginaw, Sanilac and Tuscola counties.
  • Employees of the Saginaw Diocese (or Catholic Parishes) Catholic or Non-Catholic.

  • Students and Employees of Catholic Schools in the Diocese of Saginaw.

  • Employees of St. Mary’s of Michigan/Ascension Health

  • All family members of existing members.

  • Persons who live, work, worship, or attend school in the following Saginaw County census tracts 1.00, 2.00, 4.00, 6.00, 7.00, 8.00, 9.00, 10.00, 11.00, 12.00, 13.00, 14.00, 16.00, 17.00, 18.00, 19.00, 20.00, 102.00, 103.04, 104.01, 106.00, 107.00, 108.00, 110.00, 111.00, 115.00, 118.00, 129.00 and 130.00.

With six locations, Online Banking, Mobile Banking along with a nationwide network of CO-OP Network and Alliance One ATMs, no matter where you go, we’re nearby!

Service Mission

Improve the financial well being of our members.

Mission Statement

Catholic Federal exists to be the number one financial institution for all members, in an atmosphere that maintains the dignity of, and sensitivity to, all of our members.

Credit Union Difference

Credit Unions are member-owned cooperatives

The concept of financial cooperative is simple. Credit Unions are owned and operated by their members who pool their savings and lend to each other. Serving members is the reason credit unions exist.

Credit Unions are not for profit

There are no outside shareholders; credit unions are owned by the people who save and borrow there. Earnings are returned to the members in the form of lower rate loans, a higher return on savings, fewer fees and better service to members.

Credit Unions are volunteer driven

The active involvement of volunteers is the cornerstone of the credit union philosophy. Our board of directors and committee members are elected by and from our membership.

School Branches

Catholic Federal’s School Branch K-12 program brings real world financial literacy and education into All Saints Catholic School in Bay City and Nouvel Catholic Central Elementary in Saginaw.

CFCU and the partner school join to open a fully functioning branch inside the school building where new accounts and deposit and withdrawals are processed. The students using the branch gain money management skills.

Only students, faculty and staff that work at the school can conduct business at the school branch.

Classroom Presentations

Educating students about money management is crucial to their future financial success. Our staff is available for classroom presentations to help teachers educate students about financial literacy. We offer a variety of discussion topics such as: budgeting, establishing credit, managing a checking account and more! Contact us to find out how your school can participate in this program.

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