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Air Force Federal Credit Union

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Soarion Credit Union
Company typeCredit union
IndustryFinancial services
Founded1952
ProductsSavings; checking; consumer loans; mortgages; credit cards; investments; online banking; mobile banking
Websitesoarion.org

Soarion Credit Union, formerly known as Air Force Federal Credit Union (AFFCU),[1] is a US credit union headquartered in San Antonio, Texas, chartered and regulated under the authority of the National Credit Union Administration in 1952. Soarion Credit Union's routing number is 314085504.[2]

History

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Soarion Credit Union (Soarion), formerly known as AFFCU, is a federal credit union[3] that was founded in November 1952 by 10 airmen volunteers.[4] In 1953, it was operating from a one-room office on Lackland Air Force Base. On April 2, 2024, AFFCU changed its name to Soarion Credit Union.[5]

In 2006, Soarion joined the Co-op Financial Services, allowing access to over 30,000 ATMs for no surcharge. In the summer of the following year, Soarion joined the Shared Branching Network. This gave further access to more than 5,400 branches and kiosks domestically and internationally.[6] On January 8, 2024, Soarion ceased participation in the CO-OP ATM and Shared Branching networks.[7] Instead, it emphasized its participation in the Allpoint ATM network.[8]

On June 29, 2012, Soarion changed from a single common bond credit union to a multiple common bond credit union and granted eligibility to members of the Airman Heritage Foundation.[4] In May 2018, Soarion merged with Local 142 Federal Credit Union, a single-office credit union that served members of several local unions.[9][10] In 2019, the entity opened its first Financial Center outside the state of Texas in Columbus, Mississippi.[11]

As of April 2024, the credit union had more an $663 million in assets, and over 54,000 members worldwide.[12]

Services

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Soarion offers online and mobile banking, savings accounts, checking accounts, certificates, consumer loans (personal loans, auto loans, student loans, credit cards, and mortgages). It also offers investment services and related supports, financial planning, and insurance. Soarion offers five scholarships worth $5,000 to high school seniors annually.[13] It is a member of the Allpoint ATM network with over 55,000 surcharge-free machines worldwide.[14]

References

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  1. ^ "We Have A New Name!". Default. Retrieved 2024-04-10.
  2. ^ "Contact Us | AFFCU". AFFCU. Retrieved 2023-11-03.
  3. ^ "About Us | Soarion Credit Union". Default. Retrieved 2024-04-10.
  4. ^ a b "About Us | AFFCU". AFFCU. Retrieved 2023-11-03.
  5. ^ "We Have A New Name!". Default. Retrieved 2024-04-10.
  6. ^ Union, Air Force Federal Credit (2018-05-01). "Air Force Federal Credit Union Merges with Local 142 Federal Credit Union". GlobeNewswire News Room. Retrieved 2020-08-23.
  7. ^ "CO-OP ATM Network Discontinuation". Default. Retrieved 2024-04-10.
  8. ^ "CO-OP ATM Network Discontinuation". Default. Retrieved 2024-04-10.
  9. ^ "Air Force Federal Credit Union acquires San Antonio lender". San Antonio Express-News. Retrieved 2018-05-30.
  10. ^ "San Antonio-area credit union snaps up smaller competitor". www.bizjournals.com. Retrieved 2018-05-30.
  11. ^ AFFCU (2020-04-28). "AFFCU Expands Field of Membership in Mississippi". GlobeNewswire News Room. Retrieved 2020-08-23.
  12. ^ "About Us | Soarion Credit Union". Default. Retrieved 2024-04-10.
  13. ^ "AFFCU awards scholarships to high school students". CU Insight. Retrieved 2022-08-08.
  14. ^ "Locations And ATMs | Soarion Credit Union". Default. Retrieved 2024-04-10.
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