Affinity Plus Federal Credit Union is headquartered in Saint Paul and is the 2nd largest credit union in the state of Minnesota. It is also the 113th largest credit union in the nation. It was established in 1934 and as of September of 2020, it had grown to 520 employees and 216,939 members at 28 locations. Affinity Plus Federal Credit Union's money market rates are 14% higher than the national average, and it has an A health rating.
Field of Membership Restrictions
Membership in Affinity Plus Federal Credit Union is open to anyone through making a one-time $25 lifetime dues payment to the Affinity Plus Foundation. Membership is also open to the following: (1) those who live, work or worship in Roseville, Arden Hills, Mounds View, Shoreview, St. Anthony, New Brighton, or downtown Minneapolis/St Paul; (2) employees of the State of Minnesota, the University of Minnesota, any organization that receives funding from the State of Minnesota or students and alumni of the University of Minnesota.
See current membership details
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Affinity Plus gets an A+ from me!
I have been a member of Affinity Plus Federal Credit Union for 7 years. During that time, I've lived in 3 different states, and have never needed to change my primary account to another institution, because they make it SO EASY to stay connected! I can obviously use direct deposit for my paychecks, but the mobile app has really simplified my life. With it, I can deposit checks into my account, check my balance, find a no-fee ATM, and more. Speaking of fees... there virtually are NONE at Affinity Plus! I found an ATM at another credit union in my neighborhood, so I don't ever have to pay to get my own cash. If I can't find an ATM, there's always the cash-back option at a store using my chip-debit card. I LOVE my credit union, and will more than likely always be a member - no matter what state I live in!
Can Only Fund With Credit Card Or "Plaid"
The website is nice and live chat is excellent. Tried to sign up for Superior Money Market paying 2%. Unfortunately I can only fund with credit card (via cash advance) or with an app called Plaid. Plaid wants the username and password of your bank. So they don't perform bank transfers in the normal way with only the account number and routing number.
Application Declinded?
I applied for a CD from out-of-state, something I've done many times with many different financial institutions.
I was stunned when I got an email saying "We regret we cannot open your account...We were unable to verify your identity or other personal information."
There was some glitch, and, short of traveling 3,000 miles to appear personally at the credit union, I was told that there was nothing they could do. Very frustrating.
Fortunately, there was something I could do. I opened a CD at Hiway Federal Credit Union where they were extremely helpful.
Excellent Experience with Affinity Plus Federal Credit Union
I have banked with Affinity Plus for the past seven years. They have been very easy to work with and I imagine I will continue using them for the foreseeable future. I currently have four accounts at Affinity - checking, savings, Wincentive savings, and an auto loan. The Wincentive savings account was brought to my attention by an employee. For every $25 deposited (up to five times per month), you are entered into a monthly and yearly contests for various cash prizes. I generally only deposit the minimum $25 each month but have won $100 so far. The other benefit of this savings account is that it allows me to keep a portion of my money that cannot be easily raided, like my general savings account.
The Rewards program at Affinity has been very generous and useful for me. I have covered overdraft fees and purchase cancellation fees. Just recently I used some of my points to lower my auto loan interest rate by 0.5%.
Data as of Q3 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 24362 |
| Year Chartered | 1934 |
| Employees | 520 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.95% |
| Return on Equity - YTD | 10.94% |
| Annual Interest Income | $78.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2020vs Q3 2019 | $2.99B$2.34B |
| Loans | Q3 2020vs Q3 2019 | $2.39B$2.07B |
| Deposits | Q3 2020vs Q3 2019 | $2.71B$2.09B |
| Equity Capital | Q3 2020vs Q3 2019 | $255.8MM$228.8MM |
| Loan Loss Allowance | Q3 2020vs Q3 2019 | $21.0MM$10.7MM |
| Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $12.3MM$8.7MM |
| Real Estate Owned | Q3 2020vs Q3 2019 | $85.00K$520.00K |
