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 December of 2019, it had grown to 526 employees and 208,855 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
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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?
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 Q4 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 24362 |
| Year Chartered | 1934 |
| Employees | 526 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.13% |
| Return on Equity - YTD | 11.36% |
| Annual Interest Income | $99.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $2.40B$2.18B |
| Loans | Q4 2019vs Q4 2018 | $2.13B$1.94B |
| Deposits | Q4 2019vs Q4 2018 | $2.14B$1.95B |
| Equity Capital | Q4 2019vs Q4 2018 | $234.8MM$208.1MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $10.5MM$9.8MM |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $9.9MM$12.8MM |
| Real Estate Owned | Q4 2019vs Q4 2018 | $442.00K$191.00K |
