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Affinity Plus Federal Credit Union: Overall Rating
| Feature | Insider rating (out of 5) |
| Savings | 4.25 |
| Checking | 4.25 |
| Share certificate | 4.25 |
| Money market account | 4.5 |
| Trustworthiness | 5 |
| Total | 4.5 |
Affinity Plus Federal Credit Union: Pros and Cons
| Pros | Cons |
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Affinity Plus Federal Credit Union Membership Savings Account Review
Affinity Plus Federal Credit Union has a few savings accounts, but you must open a
Affinity Plus Federal Credit Union Better Than Free Checking Account Review
The
Affinity Plus Federal Credit Union Basic Certificate Review
Affinity Plus Federal Credit Union is a good choice for opening a share certificate. It pays solid interest rates for most terms, and you only need
Affinity Plus Federal Credit Union Superior Money Market Account Review
The
About Affinity Plus Federal Credit Union
Affinity Plus Federal Credit Union has 29 open branches in Minnesota. The Minneapolis (Nicollet Mall) branch is closed until further notice. If you don't live in Minnesota, you can still open accounts online.
You may contact customer support Monday through Friday and Saturday mornings over live online chat, video chat, or the phone.
The credit union's MyPlus Rewards program gives you points for spending money on your APFCU debit and credit cards, maintaining a certain amount of money in your accounts, and taking out loans. Redeem points in categories such as travel, cash back, donating to charities, and reducing your loan interest rates.
The Affinity Plus Federal Credit Union mobile app has 4.5 out of 5 stars in the Google Play store and 4.8 out of 5 stars Apple store.
Your deposits are federally insured by the NCUA for up to $250,000, or up to $500,000 for joint accounts. This means your money is safe even if the credit union closes.
How to Join Affinity Plus Federal Credit Union
If you don't live in Minnesota, the easiest way to become a member of Affinity Plus Federal Credit Union is to make a one-time $25 payment to the Affinity Plus Foundation. You can also join if you meet any of the following criteria:
- Work for the State of Minnesota, University of Minnesota Twin Cities, Affinity Plus Federal Credit Union, an organization that gets funding from the State of Minnesota, or a Preferred Partner company
- Are a current student or alum of any Minnesota State community or technical colleges, Minnesota State University (Mankato), Minnesota State University (Moorhead), Bemidji State University, Metropolitan State University, Southwest Minnesota State University, St. Cloud State University, or Winona State University
- Are a current student University of Minnesota (Twin Cities) or a University of Minnesota alum paying dues to the alumni association
- Live, work, or worship in Arden Hills, downtown Minneapolis, Mounds View, New Brighton, Roseville, Shoreview, St. Anthony, or downtown St. Paul
- Have a relative or roommate who is already a member or eligible for membership
To become a member, you'll need to open an
Is Affinity Plus Federal Credit Union Trustworthy?
Affinity Plus Federal Credit Union does not have any public controversies.
The credit union is a Better Business Bureau-accredited company. The BBB focuses on consumer trust, and it gives Affinity Plus FCU an A+ rating. A strong BBB score signifies that a company responds effectively to customer complaints, advertises honestly, and is transparent about business practices.
A good BBB grade doesn't guarantee that you'll have a smooth relationship with a company, though. You may want to ask friends and family about their experiences with Affinity Plus FCU, or read online customer reviews.
Affinity Plus Federal Credit Union FAQs
Where are Affinity Plus Federal Credit Union locations?
Affinity Plus Federal Credit Union has locations in the following cities in Minnesota: Alexandria, Bemidji, St. Cloud, Coon Rapids, Cambridge, New Hope, Brainerd Lakes, Roseville, Minneapolis, St. Paul, Eagan, Lakeville, Hastings, Mankato, Faribault, Fergus Falls, Grand Rapids, Rochester, Duluth, Mahnomen, Moorhead, and Winona. It also has one branch in Minneapolis but it is closed until further notice.
How much do you need to open a membership savings account at Affinity Plus Federal Credit Union?
You'll need a minimum of
What are the current rates for Affinity Plus Federal Credit Union Certificates?
Affinity Plus Federal Credit Union Certificates pay
Methodology: How We Reviewed Affinity Plus Federal Credit Union
For our Affinity Plus Federal Credit Union review, we utilized our bank account methodology to rate bank products.
At Personal Finance Insider, we rate bank accounts on a scale from zero to five stars. We review different features for distinct types of bank accounts. For example, we'll look at early withdrawal penalties and CD variety specifically for CDs. Meanwhile, for checking accounts, we'll factor in the ATM network size and fees, as well as its overdraft protection options. We'll also usually examine minimum opening deposits, monthly service fees, customer support availability, and mobile app ratings for all types of bank accounts.
How Affinity Plus Federal Credit Union Compares
Affinity Plus Federal Credit Union vs. Premier Members Credit Union
Premier Members Credit Union has 17 branches in Colorado. You can also open accounts online if you don't live in Colorado.
Both banks have solid checking and money market accounts, so it could be a toss-up between the two institutions. Your best option will probably depend on minor preferences regarding specific bank account features.
For example, Premier Members Credit Union has a free interest-earning account. To get the most out of the account, each month you'll need to make at least 25 debit card transactions, receive $500 in direct deposits, and be enrolled in e-statements.
Affinity Plus Credit Union also offers an interest-earning checking account, but you'll need to be mindful of a monthly service fee.
In regards to money market accounts, both institutions have unique tiered interest rates. Affinity Plus Credit Union has two tiers, and you'll earn a higher interest rate on lower account balances. To earn 3.00% to 3.50% APY, you'll need to be enrolled in e-statements and receive at least $500 in direct deposits. Otherwise, you'll only earn 0.10% APY.
Premiers Credit Union has seven tiers in its
Affinity Plus Federal Credit Union vs. Sallie Mae
Sallie Mae is an online bank that has savings accounts, money market accounts, and CDs. Your choice between the two institutions could also come down to which other accounts you want to open.
Both institutions pay high interest rates on money market accounts. Sallie Mae pays the same rate on your entire balance, while Affinity Plus FCU has a tiered system that pays a higher rate on lower balances.
If you're looking to open a checking account, Affinity Plus FCU will have to be your default option, because Sallie Mae doesn't have these accounts.
Sallie Mae will likely be a better option if you'd like to get a high-interest rate on a savings account. For example, the