Affinity Plus Federal Credit Union


Overview / Commentary
651-291-3700
175 W Lafayette Frontage Rd
Saint Paul, MN 55107-1488

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 119th largest credit union in the nation. It was established in 1934 and as of June of 2019, it had grown to 535 employees and 202,915 members at 28 locations. Affinity Plus Federal Credit Union's money market rates are 3X 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

Related Posts

Affinity Plus Federal Credit Union's 5-Year CD Earns 3.25% APY - 6/17/2019

Affinity Plus Federal Credit Union's (easy membership) 60-month CD currently earns 3.25% APY. Minimum deposit is $500, with no stated balance cap. Also as an IRA.

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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!

I like Affinity Plus

I joined Affinity Plus Federal Credit Union about nine years ago. I was having a problem with a larger commercial bank and decided that it was time to move to a different financial institution. I asked friends about where they were banking, and several suggested Affinity. In that time I have mostly held a savings account (which is required to hold a share of of the union) as well as a checking account. One of the reasons I switched was that my previous bank was getting rid of free checking, I did not want to pay a monthly fee for my checking account, and Affinity has and continues to have numerous free checking options. While I do not bank in person that often, I have often found going to the branch to be a better experience at Affinity than at my previous bank- the staff is always courteous and helpful. Moreover, the branch feels like a throw-back to my youth having free coffee and pop-corn for patrons. More often I use the online banking system, this works well and I have no complaints. There is also nothing to say that this is radically better than any other bank. My one complaint is with my Credit Union's app. I have found trying to use the app to deposit a check to be rather difficult. However, Affinity is rolling out a new app that I have yet to try. I have also looked into longer term savings accounts either a CD or a money market. Affinity's rates were competitive with those I saw from other places, however my job's 401k changed when I was pricing this out so I opted to remain with that as a form of longer term savings. In the future I will likely move to open a CD as well as maintaining my savings account. Overall I am happy with Affinity Plus's deposit accounts.

Application Declinded?

Posted by: alaska | Jul 11, 2019

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.

Stay Away!!!

Posted by: AngieC19 | Jun 29, 2019

I just tried to open a 5-year CD online based on the high interest rate Affinity Plus offered. When I reached close to the final step, it said to allow for up to $5000 only! I initiated live chat and one of their representatives answered that for online applications $5000 would be the limit due to security reasons. But it was not posted anywhere on their website! So I asked to close my application and figure it was a waste of time, so be it.

Then I got a credit alert that Affinity Plus pulled a credit report without my permission!!! For god's sake, I was just trying to open a CD account, which would not be open without being fully funded by me. Now even with my application closed right away (within about 15 minutes), they went ahead and pulled my credit report, WHY???

It sounded like a shady institution. Stay away and don't be lured by their high interest rates.

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Health

Health Grade Components

Overall
NCUA #24362
Year Chartered1934
Employees535
Primary Regulator
Profit Margin
Return on Assets - YTD1.02%
Return on Equity - YTD10.64%
Annual Interest Income$48.0MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$2.29B$2.16B
LoansQ2 2019vs Q2 2018$1.96B$1.93B
DepositsQ2 2019vs Q2 2018$2.04B$1.94B
Equity CapitalQ2 2019vs Q2 2018$219.8MM$200.0MM
Loan Loss AllowanceQ2 2019vs Q2 2018$10.6MM$9.4MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$8.5MM$9.2MM
Real Estate OwnedQ2 2019vs Q2 2018$480.00K$608.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Affinity Plus Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Affinity Plus Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$10$500Membership Savings
OTHER TIERS: 0.10% $500+
0.50%--IRA Savings
0.10%--Shares II
0.10%$10-Business Shares
0.10%$5-WINcentive Savings
0.10%--Business Shares II

Affinity Plus Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%$25k-Nova Money Market
1.00%$10k-A+ Money Market
0.80%*$5k*-Capitol Money Market
OTHER TIERS: 0.75% $2k - $5k

Affinity Plus Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.13%*-$25kInterest Reward Checking
OTHER TIERS: 0.10% $25k+
0.10%--Commercial Checking
0.05%--Small Business Checking

Affinity Plus Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%$500-60 Month CD
2.75%$500-36 Month CD
2.75%$500-48 Month CD
2.50%$500-24 Month CD
2.50%$500-18 Month CD
2.25%$500-30 Month CD
2.00%$500-12 Month CD
1.75%$100-12 Month CD Builder
1.50%-$25k12 Month Wahoo! CD
1.35%$500-6 Month CD
1.25%$500-3 Month CD

Affinity Plus Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%$500-60 Month IRA
2.75%$500-36 Month IRA
2.00%$500-12 Month IRA
1.75%$100-12 Month IRA Builder
1.50%-$25k12 Month Wahoo! IRA
Locations

Availability



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