About Us
About Alero Financial
Alero Financial is a people-first credit union committed to helping individuals, families, and businesses achieve their financial goals through personalized service, expanded solutions, and modern banking experiences.
Our story began in 1939, when 15 employees of Automatic Electric Co. in Chicago each contributed $5 to establish Automatic Credit Union. Built on the belief that people are stronger when they work together, the credit union was founded to provide accessible financial services, lower loan rates, and a path to financial success.
Over the decades, the organization evolved to meet the changing needs of its members. Through multiple transitions, including GTE Employees Federal Credit Union and Corporate America Federal Credit Union, the focus remained the same: empowering financial well-being through a member-first approach.
In 1997, the credit union transitioned to an Illinois state charter and became Corporate America Family Credit Union (CAFCU), expanding its reach and ability to serve a broader and more diverse membership.
On April 2, 2026, CAFCU became Alero Financial as part of a transition to a full community charter and a comprehensive rebrand. This evolution expands our ability to serve more people while continuing to deliver the personal service and trusted relationships that have defined us from the beginning.
Today, Alero Financial offers a full range of financial solutions designed for every stage of life. While our name has changed, our commitment has not. We remain rooted in the credit union philosophy of “people helping people” and focused on helping our members move forward with confidence.