Membership

Catholic Aid Association members and their relatives are eligible to become members of CAACU, as are employees and parishioners of our partner businesses and parishes.

Membership is also open to:

Organizational groups such as Catholic Aid Association local councils.
Catholic Parishes who have joined Catholic Aid Association Credit Union as a Select Employee Group. Current Select Employee Groups are:

All Catholics who reside in the state of North Dakota

St. Bernards Church - Parishioners and Staff, St. Paul, MN
St. Agnes Church - Parishioners and Staff, St. Paul, MN
Church of St. Patrick- Parishoners and Staff, St. Paul, MN

If you are not a member of Catholic Aid Association, click here to learn more about becoming a member of Catholic Aid. Once a member of CAA, Catholic Aid Association Credit Union becomes one of your benefits.

Membership is established upon approval of a membership application and deposit of at least $10 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.