CTAFC Federal Credit Union is a Chicago-based credit union established in 1968, serving over 700 members with $719.5K in assets and specialized services for religious community groups.
Editorially reviewed by Harvey Brooks
CTAFC Federal Credit Union was established in 1968 and is headquartered in Chicago, Illinois. As a member-owned, not-for-profit financial institution, it operates a single branch location at 14 South Ashland Avenue and serves a membership base of over 700 loyal members. The credit union stewards approximately $719,500 in assets and employs over 1 dedicated staff member as of 2026.
The credit union offers a range of traditional banking and lending products including regular savings accounts, share draft accounts, money market accounts, share certificates (CDs), auto loans for new and used vehicles, personal loans, mortgages, and online bill pay services. Members have access to online banking and mobile banking apps available on both iOS and Android platforms. Additional services include financial education resources, financial workshops, and financial calculators to help members make informed decisions.
CTAFC distinguishes itself through its specialized focus on serving members of religious groups, aligning financial services with spiritual values and community needs. As a not-for-profit institution, the credit union emphasizes competitive interest rates and lower fees compared to for-profit banks. The organization provides accessible customer service through phone contact at (312) 243-5190 and maintains active online banking infrastructure with current service status monitoring.
The credit union operates with significant limitations as a very small institution. With only one physical branch, no ATMs, and under 1,000 members, it offers minimal convenience for broader geographic access. The institution's asset base of approximately $719,500 is substantially smaller than regional and national credit unions, potentially limiting product availability and competitive rates. Prospective members should verify membership eligibility requirements related to religious group affiliation before applying.
Yes. Ctafc Federal Credit Union is a registered company headquartered in 14 S Ashland Ave, Chicago, IL 60607. They hold a NR rating with the Better Business Bureau.
CreditDoc Diagnosis
CTAFC Federal Credit Union is best suited for members of affiliated religious groups in the Chicago area who prioritize community-focused banking and can conduct most transactions digitally. The primary caveat is severe geographic and operational limitations—single branch, no ATMs, restricted membership eligibility, and very small institution size—making it impractical for most consumers unless they specifically qualify for membership and have minimal in-person banking needs.
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