Corporate America Family Credit Union [CAFCU] Law and Legal Definition
Corporate America Family Credit Union [CAFCU] is one of the biggest credit unions in the Midwest with over half a billion dollars in assets. CAFCU protects the personal information of its clients from unauthorized access and use, and by adopting security measures that comply with federal law. These measures include computer safeguards and secured files and buildings. CAFCU was founded in 1939 by 15 employees of Automatic Electric Company. Automatic Electric Company was later purchased by GTE Corporation, and the credit union changed its name to GTE Employees Federal Credit Union. In 1986, the credit union appropriately changed its name to Corporate America Federal Credit Union.