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Affinity Credit Union

Affinity Credit Union Locations
73 Mountainview Blvd., P.O. Box 621
Basking Ridge, NJ 07920
800.325.0808
www.affinityfcu.org

Affinity Credit Union is headquartered in BASKING RIDGE and is the largest credit union in the state of New Jersey. It is also the 56th largest credit union in the nation. It was established in 1935 and as of September of 2011, it had grown to 370 employees and 136,040 members. Affinity Credit Union's savings rates are 63% higher than the national average, and it has a 4-star health rating.

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See Rates for: Checking | Savings | Money Market | CD | IRA

Affinity Credit Union Checking Account Rates

ApyMinMaxProduct
1.00%$250k-Green Rewards Checking
0.50%$250k-Enhanced Business Checking
0.05%--Affinity Checking
0.05%--Business Checking

Affinity Credit Union Savings Account Rates

ApyMinMaxProduct
0.85%$100k-Premium Plus Savings
0.75%--Health Savings Account
0.50%$50-IRA Accumulator
0.50%$50-Coverdell ESA Accumulator
0.10%--Affinity Savings
0.10%--Affinity Holiday Club Account
0.10%--Vacation Club Account
0.10%--Savvy Saver Account
0.10%--Business Savings

Affinity Credit Union Money Market Rates

ApyMinMaxProduct
0.90%$50k-Money Manager IRA
0.60%$50k-Money Manager Account
0.60%$50k-Business Money Manager

Affinity Credit Union CD Rates

ApyMinMaxProduct
2.00%$500-60 Month Certificate
1.15%$500-24 Month Certificate
1.15%$500-30 Month Certificate w/ Bump Up
1.00%$500-18 Month Certificate
0.85%$500-12 Month Certificate
0.85%$500-15 Month Certificate w/ Bump Up
0.65%$500-3 Month Certificate
0.65%$500-6 Month Certificate
0.65%$500-7 Month Certificate
0.60%$500-9 Month Certificate
0.25%$500-30 Day Certificate

Affinity Credit Union IRA Rates

ApyMinMaxProduct
2.10%$500-60 Month IRA Certificate
2.10%$500-60 Month CESA Certificate
1.25%$500-24 Month IRA Certificate
1.25%$500-30 Month IRA Certificate w/ Bump Up
1.25%$500-24 Month CESA Certificate
1.25%$500-30 Month CESA Certificate w/ Bump Up
1.10%$500-18 Month IRA Certificate
1.10%$500-18 Month CESA Certificate
0.95%$500-12 Month IRA Certificate
0.95%$500-15 Month IRA Certificate w/ Bump Up
0.95%$500-12 Month CESA Certificate
0.95%$500-15 Month CESA Certificate w/ Bump Up
0.75%$500-6 Month IRA Certificate
0.75%$500-7 Month IRA Certificate
0.75%$500-6 Month CESA Certificate
0.75%$500-7 Month CESA Certificate
0.70%$500-9 Month IRA Certificate
0.70%$500-9 Month CESA Certificate
0.65%$500-3 Month IRA Certificate
0.65%$500-3 Month CESA Certificate
0.25%$500-30 Day IRA Certificate
0.25%$500-30 Day CESA Certificate

Rates updated: 2/22/2012

Data for Q3 2011


Institution Statistics


AFFINITY
NCUA #857
BankRate ReportView
Year Established1935
Employees370
Primary Regulator

Assets and Liabilities

Assets$2.08 billion
Loans$1.82 billion
Deposits$1.78 billion
Equity Capital$167.94 million
Loan Loss Allowance$25.08 million
Unbacked Noncurrent Loans$42.18 million
Real Estate Owned$562,000

Historic Data - September 2010

Assets$1.96 billion
Equity Capital$156.74 million
Loan Loss Allowance$20.04 million
Unbacked Noncurrent Loans$30.41 million
Real Estate Owned$1.23 million

Profit Margin - Quarterly

Net Interest Margin3.1%
Return on Assets0.49%
Return on Equity6.05%
Interest Income$69.55 million
Non-Interest Income$17.02 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
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 September 30, 2011 Affinity Credit Union had $42.74 million in non-current loans and owned real-estate with $193.02 million in equity and loan loss allowances on hand to cover it. This gives Affinity Credit Union a Texas Ratio of 22.14% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Affinity Credit Union held steady from 17.89% as of September 30, 2010 to 22.14% as of September 30, 2011, resulting in a negative change of 23.77%. This indicates that the balance sheet and financial strength for Affinity Credit Union has held steady in recent periods.
Deposit Growth5
In the past year, Affinity Credit Union has increased its total deposits by $113.78 million, resulting in 6.83% 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 excellent.
Capitalization3
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 $2.08 billion in assets with $193.02 million in equity, resulting in a capitalization level of 9.30%, which is average.
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Affinity Credit Union Is A Joke.
1 stars - petrock - Tuesday, December 13, 2011 - 4:02 AM

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.

3
 
Nationwide Savings Accounts