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Affinity Federal Credit Union is a credit union.[1] It is a LLC that works as a financial cooperative. [2] The union specializes in financial products like insurance, investment, deposit accounts, security, credit cards, debit cards, investments and other associated financial services. [2] The union is located in Basking Ridge, New Jersey. It is part of the Banks & Credit Unions Industry. [3] The credit union has 23 branches across New Jersey, New York (state) and Connecticut, along with 5000 shared branches across the USA. [4] It is the largest credit union in Basking Ridge, New Jersey.[5]
History
[edit]The credit union was established on December 13, 1935. It was formed to provide cooperative credit and serve employee-needs of the Western Electric company. [6] In 1974, the membership was extended to include AT&T members, subsequently the name of the union was changed to General Headquarters Federal Credit Union. [6] In 1984, the headquarters were shifted to New Providence in New Jersey. Towards the end of 1986 its name was changed to AT&T Employees Federal Credit Union. After AT&T was split into 3 companies, the credit union's name was changed to Affinity Federal Credit Union.
AFCU scholarship
[edit]The credit union offers a one-time $2500 scholarship to student members of the union who are US citizens or resident aliens and members of the union with a good reputation. [7] Volunteers, employees, board members or their families are ineligible.
Membership eligibility
[edit]In order to join the union certain requirements must be met-[8]
- Live, work, worship or attend school in New Brunswick,NJ, or certain areas in New Jersey and Connecticut.
- Must work for a company or be a part of an organization that is approved by the union.
- A 5$ donation must be made while applying to join the New Jersey coalition for Financial education or, the Connecticut Jump$tart coalition.
Membership
References
[edit]- ^ "Affinity Federal Credit Union". Deposit Accounts.
- ^ a b "Affinity Federal Credit Union LLC - Company Profile and News". Bloomberg.com.
- ^ "Company listing". www.dnb.com. Retrieved 2021-02-22.
- ^ https://www.forbes.com/companies/affinity-federal-credit-union/?sh=7b1b936a484b Forbes. Retrieved 23 February, 2021.
- ^ https://www.prnewswire.com/news-releases/affinity-federal-credit-union-named-top-credit-union-in-new-jersey-by-forbes-301103906.html PR Newswire. Retrieved 23 February, 2021.
- ^ a b "History: Affinity Federal Credit Union". www.affinityfcu.com.
- ^ "Scholarship Programs: The Affinity Federal Credit Union Foundation". www.affinityfcu.com.
- ^ https://www.magnifymoney.com/blog/reviews/affinity-federal-credit-union/ Magnify Money. Retrieved 23 December, 2021.
External links
[edit]- Scholarship Programs: The Affinity Federal Credit Union Foundation
- 2019 Foundation Impact Report
- Membership Eligibility: Affinity Federal Credit Union
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