CREDIT UNION MISSION

The mission of a credit union is to provide and promote the use of a variety of financial services which feature particular benefits and advantages over those generally available from other banking sources, with specific intent of helping members gain some particular measure of personal financial success.

About US:


CREDIT UNION MISSION
The mission of a credit union is to provide and promote the use of a variety of financial services which feature particular benefits and advantages over those generally available from other banking sources, with specific intent of helping members gain some particular measure of personal financial success.


WHAT IS A CREDIT UNION?
A credit union is a not-for-profit cooperative which serves a defined group of members and exists for the sole purpose of delivering quality financial services to its members.


HOW DOES THE CACL FEDERAL CREDIT UNION OPERATE?
CACL, which was chartered in 1953, operates as a member-owned cooperative financial institution. Governed under stringent federal rules and regulations, CACL is supervised and insured by the National Credit Union Administration (NCUA), a federal agency of the United States Government. After operating expenses and funding reserve requirements, the members directly benefit from the earned profits via higher dividends and increased member services.


BOARD OF DIRECTORS

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Ronald A. Mercuri, Chairman
Daniel E. Mulroy, Vice Chairman
John A. Brennan, Treasurer & Secretary
Edward J. Clark, Director
James T. Kramer, Director
Joseph J. Devine, Director
Robert James

SUPERVISORY COMMITTEE
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Brett M. Clark, Chairman
Joseph J. Devine
Michael J. Hozella

BENEFITS OF MEMBERSHIP
Founded on the basic democratic premise of the cooperative movement, credit unions believe that access to low-cost financial services is critical to the health and stability of ordinary citizens. 


CREDIT UNION HISTORY
CACL Federal Credit Union was chartered on March 20, 1953 by the following original charter members:

CLAUDE E. ACKER
FORREST E. ACKER
ROBERT W. DELONG
DELBERT R. KRINER
FRANCIS M. REES
WILLIAM G. SCHLACHTER
WILFRED E. WACHTER
EDWARD N. WILLIAMS



REGULATION & SUPERVISION
CACL Federal Credit Union was chartered under federal law. Federally chartered credit unions are regulated by the National Credit Union Administration (NCUA), an independent agency of the U.S. Government.