Catholic United Financial Credit Union (CUFCU) announced that Andrea Ferkingstad has been selected as the credit union’s new president.
Ferkingstad will replace Maureen Daehn, who announced earlier this year of her intention to retire in December 2022, after leading the credit union through exceptional growth during the past two years. Daehn will remain with Ferkingstad until the end of the year to aid in the transition. Ferkingstad was formerly CUFCU’s director of operations and innovation.
“I am thrilled Andrea will become the next president of our credit union,” said Mike Ahles, chairman of CUFCU’s Board of Directors and president and chief executive officer of Catholic United Financial. “Her passion for our members and drive to expand the products and services we offer has propelled our recent growth. Our future is quite bright with Andrea leading our charge.”
Ferkingstad has more than 24 years of experience in the financial services industry. Prior to joining CUFCU in 2021, she was vice president of operations and marketing at Building Trades Credit Union for more than 12 years. Beyond her credit union experience, Ferkingstad held leadership roles in marketing, public relations, and operations at two prominent Twin Cities commercial banks – Peoples Bank of Commerce and Riverside Bank.
“I am honored and grateful for the opportunity to serve our members as the credit union’s next president,” Ferkingstad said. “I’m excited to lead the credit union into a new era of growth and make a difference in the financial lives of our members and Catholic communities.”
A Minnesota native, Ferkingstad earned her bachelor’s degree in journalism and public relations from the University of St. Thomas.
Catholic United Financial Credit Union (CUFCU) is a not-for-profit financial cooperative with $28 million in assets and 3,400 member-owners. It operates two branches in Minnesota, in St. Paul and St. Cloud, and provides a full suite of banking products and services. Membership is open to Catholics and members of Catholic United Financial.
In 2021, CUFCU merged with St. Thomas Employees Federal Credit Union and now also serves employees of the University of St. Thomas and St. Thomas Academy as well as alumni of the University of St. Thomas who reside in Dakota, Hennepin, Ramsey, and Washington counties.
More information about Catholic United Financial Credit Union is available online at catholicunitedCU.org