Affinity Federal Credit Union (2024)

FAQs

Is Affinity Federal Credit Union legit? ›

9, 2023 — Affinity Federal Credit Union (“Affinity”), a member-based, federally insured, full-service financial institution, has been recognized on Buy Side from The Wall Street Journal's Best Credit Unions List.

While a bank is a for-profit company that distributes profits among shareholders or individual owners, a credit union is a not-for-profit institution "owned" by its members.

Established in 1930, Affinity Plus has 30 branches located throughout Minnesota and is owned by more than 250,000 members. Affinity Plus has more than $4 billion in assets. Additional information is available at www.affinityplus.org this will open a new tab or by calling (800) 322-7228.

Founded in 1935, Affinity was formed as the W. E. Headquarters Federal Credit Union to serve financial needs and provide cooperative credit to employees of the Western Electric Company.

The money you keep at Affinity is fully guaranteed through the Credit Union Deposit Guarantee Corporation (CUDGC) so it'll be there when you need it, no matter what happens. Whether you have $1, $10 million, or more in your accounts – every cent is guaranteed. This includes: Chequing and savings accounts.

Limited accessibility. Credit unions tend to have fewer branches than traditional banks. A credit union may not be close to where you live or work, which could be a problem unless your credit union is part of a shared branch network and/or a large ATM network such as Allpoint or MoneyPass.

Affinity Credit Union employs 820 people and serves 144,046 members. Affinity is also a member of the World Council of Credit Unions and the Global Alliance for Banking on Values.

Become a member and take advantage of this and many other perks! This credit reporting tool uses the VantageScore 3.0 credit scoring model, developed collaboratively by Equifax, Experian and TransUnion.

Maximum daily deposit limits

$5,000 per day. Limits above $5,000 available upon request¹.

Affinity Plus is federally insured by the NCUA, and your deposits with us are insured to at least $250,000.

Does Affinity Federal Credit Union use Zelle? ›

To get started, log into Affinity's mobile app. In the main menu, click Pay & Transfer, then select Send money with Zelle®. To request money using Zelle®, choose Request, select the individual from whom you'd like to request money, enter the amount you'd like, include an optional note, review and hit Request.

Open new products which include chequing, savings, GICs, RRSPs and TFSAs. Apply for an Affinity credit card. Manage renewals for your GIC, RRSP, and TFSA investments.

A message from our CEO, Kevin Brauer: Affinity Federal Credit Union remains focused on your financial well-being. As a credit union, our number one priority is the financial security of our membership and your financial success and well-being.

It serves more than 600,000 members with financial products and services including checking and savings accounts, consumer loans, mortgages, credit cards, investment accounts, retirement accounts, and more. The credit union is led by president and CEO Dave Larson, a position he has held since 2013.

1. Navy Federal Credit Union. Founded in 1933, Navy Federal Credit Union is the largest national credit union in terms of both assets and membership.

You can tell if your credit union is federally insured by NCUA by searching for a credit union in Find a Credit Union (Opens new window). In addition, credit unions must display in their offices the official NCUA insurance sign.

Like at a traditional bank, your deposits with Affinity Plus federal Credit Union accounts are federally insured up to $250,000 per member-owner.

Why are credit unions safer than banks? Like banks, which are federally insured by the FDIC, credit unions are insured by the NCUA, making them just as safe as banks. The National Credit Union Administration is a US government agency that regulates and supervises credit unions.

Become a member and take advantage of this and many other perks! This credit reporting tool uses the VantageScore 3.0 credit scoring model, developed collaboratively by Equifax, Experian and TransUnion.