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.

We are a member-owned, not-for-profit, full-service financial institution and federally insured by the National Credit Union Administration (NCUA).

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.

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.

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

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.

Deposit Limits and Funds Availability

$5,000 per day.

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.

“Serving our members' needs and helping them advance toward their financial goals is at the core of every decision we make, and our leadership team is critical in advancing this mission every day,” said Kevin Brauer, President and Chief Executive Officer of Affinity.

The Bottom Line. Credit unions can be ideal for a low-interest loan, lower mortgage closing costs, or reduced fees, but you'll need to qualify for membership. Larger banks may offer you more choices regarding products, apps, and international or commercial products and services, and anyone can join.

Generally, credit unions are viewed as safer than banks, although deposits at both types of financial institutions are usually insured at the same dollar amounts. The FDIC insures deposits at most banks, and the NCUA insures deposits at most credit unions.

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.

Credit unions are backed by the National Credit Union Share Insurance Fund (NCUSIF), which is equivalent to the Federal Deposit Insurance Corporation (FDIC) for banks. This safety net guarantees your funds, typically up to $250,000 per depositor, should any unexpected turbulence occur.

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.