Affinity Credit Union
Affinity Credit Union is headquartered in Basking Ridge and is the largest credit union in the state of New Jersey. It is also the 65th largest credit union in the nation. It was established in 1935 and as of December of 2013, it had grown to 351 employees and 134,192 members. Affinity Credit Union has a B health rating.
Field of Membership Restrictions
Membership at Affinity is available to the employees of participating businesses, as well as immediate family or household members. And, membership is also available to most everyone by joining a participating association or club. We have over 2,000 businesses, associations, and clubs that make up the organizations that are part of the Affinity family. - See Details
Related Posts
Mortgage Dept Is A Nightmare
I've had accounts and loans with Affintiy for 11 years and never had a problem. And as long as you don't have a problem they are great but if you should ever fall on difficult times this is not the lender you want to be dealing with. My motgage was 45 days past due and their mortgage guy went into all of my minor childrens accounts and cleaned them out without any notification. Even my oldest child whose account was set up when he was a minor and was working and putting his money into his account had it cleaned out one week before his college tuition was due. I understand collecting a debt but this was only late payments I was not in forclosure and never was. This was a company I had an eleven year relationship with and numerous loans that I had always paid and they treated me like a criminal. I could write pages on how their mortgage guy treated me and to this day I cringe when I have to walk into that bank to pay my mortgage. I cannot wait to refinance my loan to get away from these people.
Affinity Credit Union Is A Joke.
I work the hours that they are open, including Saturdays, the only way for me to deposit my pay, which is cash, is through one of their ATMs. I deposited $450 last Saturday and was, and am still, only alowwed access to $199 of my cash deposit. WHY? I asked them. The customer service rep told me that they place a 2 business day hold on all checks AND cash. WHAT??? On cash?? I've heard of some realy, realy dumb things in my life but this takes the cake.
Then yesterday, when I wanted to see what my account balance was over the phone, the one time that I want to talk to an automated teller, I have to hit a prompt for this and a prompt for that, then I have to talk to someone, then I have to answer 3 questions before they can tell me my account balance.
Nedless to say Affinity is a waste of time and money and I will be closing my account once the rest of my cash is available to me.
Not The Greatest Bank To Deal With On Hard Times
I recently fell on hard times being unemployed a year and a half. I was able to work out payments with my other credit card lenders. Even Bank of America was able to reduce my payments on my loans. I tried numerous times to work out payments that were manageable with Affinity due to my situation. They would not work with me to the point that I had their lawyers after me. I fell on hard times and after being loyal for many years they do this to me. Shame on you Affinity Federal Credit Union for being so money hungry when honest people like me are willing to pay something but fell on hard times. Your customer service also stinks where you don't put the customer first. I am glad I grabbed my money out of my bank accounts before you had a chance to take all of it. You would have taken all my unemployment payments. (by law you are not supposed to do this but you will do it anyway to screw your customers. ) Screw you guys. Shame on you for taking that guys kids money on the dad that had a late mortgage payment. Once I am done paying everything you will lose me as a loyal customer and will make sure to spread word of mouth how bad you are. Bank of America even treats their customers better. I had a $499 month loan and they allowed me to pay $250 now a month. Everyone has complained about Bank of America. Everyone should look at not joining any credit union especially Affinity Federal Credit Union. They dont want to work with their customers even in hard times. AFFINITY FEDERAL CREDIT UNION SUCKS DONT EVER SIGN A LOAN WITH THEM OR BANK WITH THEM THEY WILL TAKE EVERYTHING !!!
HATE HATE HATE Their New Online Banking
If I could give them zero stars right now, I would.
Criminals & Theives
Affinity has done nothing but ruined our lives. PERIOD. My spouse worked there for over a decade & they then froze his salary for years, gave him a promotion with more work promising higher pay but never fully trained him nor gave him the raise. We were unable to buy food or get heat into the house. Fast forward to my husband not having his job there anymore-Affinity came after us like flies on.....over the mortgage payments and car payments. They came after me like crazy for late car payments, lied to us telling us the car was to be repossessed in 10 days just to get our payment, they harassed us at home via hundreds of e-mails and phone calls per week and sent some strange guy to our door who left a plain white handwritten envelope also harassing us, like the some bounty hunter. We tried to get a modification, took months and all the while the other dept was forging ahead with foreclosure. They took my payment for our car & 20 days later came and repossessed it out of my driveway, then they had no idea where it was towed to, they lost it. Finally found it & with a lawyer got it back. They wanted a payment to start the modification & took it out of my personal checking acct without my authorization, almost $4,000 taken from my bank account with just my name on it then they froze my account. Then the modification expired. Then they sent their lawyers after us again after bankruptcy going after my car again claiming we didn't make a payment on the mortgage when in fact we did & gave proof of it. I also found out, and this is the best, that they put through the loan application for our car which had my FORGED signature on it as a co-signer, I'm currently in the midst of getting a lawyer over the forgery. I disputed it on my credit report but of course Affinity contested it...of course. There's more but I'd need a week to write it all. They are nothing but thieves and crooked as any bank can be. They will not work with us anymore to do another modification on the mortgage. We cannot afford food or heat right now and we have done nothing but tried desperately to keep the house and the only car we own but they are waited with baited breath to get it all and they probably will. As soon as the mortgage is late 3 months they will come take our car, then take the house. They have taken not only our material posessions but our lives as we knew it, we have been ruined by this credit union, we've been reduced to losing everything we own as well as being robbed in our bank accounts. They also wiped out my 7 yr old's small bank account we had for him with some money as a start up account back when we were waiting on the modification the first time, this after they wiped out my husband's checking of every single dime had had to his name in it and then froze both accounts. And the scumbags had the nerve to send us a Christmas card this year. We work 7 days a week and do what we can and then some, the only thing we haven't given them yet is our blood. Nothing but scumbags out to ruin an average middle class family that is struggling and doing illegal practices all the while. I have been depressed over this, I cry often, they have ruined us & at our age we will not recover as easily. My husband now cannot get a job because of his credit, Afinity will not take the car off my credit report even though the signature was forged & I'm having issues getting a job because of my credit no with the car on the credit report. They will ruin you until you become depressed & want to end it all. They are pure scumbags.
Data for Q4 2013
Institution Health
Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Affinity Credit Union had $40.17 million in non-current loans and owned real-estate with $213.21 million in equity and loan loss allowances on hand to cover it. This gives Affinity Credit Union a Texas Ratio of 18.84% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Affinity Credit Union decreased slightly from 23.20% as of December 31, 2012 to 18.84% as of December 31, 2013, resulting in a positive change of 18.80%.This indicates that the balance sheet and financial strength for Affinity Credit Union has improved slightly in recent periods.
Deposit Growth
In the past year, Affinity Credit Union has decreased its total deposits by -$10.83 million, resulting in -0.55% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Affinity Credit Union has shown is average.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Affinity Credit Union has $2.21 billion in assets with $213.21 million in equity, resulting in a capitalization level of 9.63%, which is above average.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 857 |
| Year Chartered | 1935 |
| Employees | 351 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $2.21 billion |
| Loans | $1.73 billion |
| Deposits | $1.94 billion |
| Equity Capital | $176.51 million |
| Loan Loss Allowance | $36.70 million |
| Unbacked Noncurrent Loans | $38.91 million |
| Real Estate Owned | $1.26 million |
| Historic Data - December 2012 | |
|---|---|
| Assets | $2.28 billion |
| Equity Capital | $186.48 million |
| Loan Loss Allowance | $34.47 million |
| Unbacked Noncurrent Loans | $38.91 million |
| Real Estate Owned | $154,000 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 4% |
| Return on Assets | 0.47% |
| Return on Equity | 5.91% |
| Interest Income | $83.14 million |
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Affinity Credit Union Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.45% | - | - | Health Savings Account | |
| 0.45% | $100k | - | Premium Plus Savings | |
| 0.10% | $50 | - | IRA Accumulator | |
| 0.10% | $50 | - | Education Savings | |
| 0.10% | - | - | Business Savings | |
| 0.05% | - | - | Affinity Savings | |
| 0.05% | - | - | Savvy Saver Account | |
| 0.05% | - | - | Goal Savings |
Affinity Credit Union Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.30% | $50k | - | Money Manager Account | |
| 0.30% | $50k | - | Money Manager IRA | |
| 0.30% | $50k | - | Business Money Manager |
Affinity Credit Union Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.50% | $250k | - | Green Rewards Checking | |
| 0.40% | $250k | - | Enhanced Business Checking | |
| 0.01% | - | - | Affinity Checking | |
| 0.01% | - | - | Business Checking | |
| 0.01% | - | - | Green Rewards Checking |
Affinity Credit Union CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.60% | $500 | - | 60 Month Certificate | |
| 1.60% | $500 | - | Business 60 Month Certificate | |
| 1.25% | $500 | - | 36 Month Certificate | |
| 1.25% | $500 | - | Business 36 Month Certificate | |
| 1.00% | $500 | - | 24 Month Certificate | |
| 0.80% | $500 | - | 18 Month Certificate | |
| 0.80% | $500 | - | 30 Month Certificate w/ Bump Up | |
| 0.80% | $500 | - | Business 18 Month Certificate | |
| 0.80% | $500 | - | Business 30 Month Certificate | |
| 0.45% | $500 | - | 15 Month Certificate w/ Bump Up | |
| 0.40% | $500 | - | 9 Month Certificate | |
| 0.40% | $500 | - | 12 Month Certificate | |
| 0.40% | $500 | - | Business 12 Month Certificate | |
| 0.35% | $500 | - | 3 Month Certificate | |
| 0.35% | $500 | - | 6 Month Certificate | |
| 0.35% | $500 | - | 7 Month Certificate | |
| 0.35% | $500 | - | Business 3 Month Certificate | |
| 0.35% | $500 | - | Business 6 Month Certificate | |
| 0.15% | $500 | - | 30 Day Certificate | |
| 0.15% | $500 | - | Business 30 Day Certificate |
Affinity Credit Union IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.60% | $500 | - | 60 Month IRA Certificate | |
| 1.60% | $500 | - | 60 Month CESA Certificate | |
| 1.25% | $500 | - | 36 Month CESA Certificate | |
| 1.25% | $500 | - | 36 Month IRA Certificate | |
| 1.00% | $500 | - | 24 Month IRA Certificate | |
| 1.00% | $500 | - | 24 Month CESA Certificate | |
| 0.80% | $500 | - | 18 Month IRA Certificate | |
| 0.80% | $500 | - | 30 Month IRA Certificate w/ Bump Up | |
| 0.80% | $500 | - | 18 Month CESA Certificate | |
| 0.80% | $500 | - | 30 Month CESA Certificate w/ Bump Up | |
| 0.45% | $500 | - | 15 Month IRA Certificate w/ Bump Up | |
| 0.45% | $500 | - | 15 Month CESA Certificate w/ Bump Up | |
| 0.40% | $500 | - | 9 Month IRA Certificate | |
| 0.40% | $500 | - | 12 Month IRA Certificate | |
| 0.40% | $500 | - | 9 Month CESA Certificate | |
| 0.40% | $500 | - | 12 Month CESA Certificate | |
| 0.35% | $500 | - | 3 Month IRA Certificate | |
| 0.35% | $500 | - | 6 Month IRA Certificate | |
| 0.35% | $500 | - | 7 Month IRA Certificate | |
| 0.35% | $500 | - | 3 Month CESA Certificate | |
| 0.35% | $500 | - | 6 Month CESA Certificate | |
| 0.35% | $500 | - | 7 Month CESA Certificate | |
| 0.15% | $500 | - | 30 Day IRA Certificate | |
| 0.15% | $500 | - | 30 Day CESA Certificate |
Affinity Credit Union has 15 locations. Click to view all Affinity Credit Union locations.