A Culture of Caring: Board Statement on Diversity and Inclusion

Diversity. Inclusion. Belonging. These are more than just words at Affinity Plus. They breathe life into the everyday actions that improve the lives of our employees, members and communities.

Our commitment to care for people across race, gender, age, religion, identity and experience drives us forward every day. We meet each person, wherever they're at in life, with meaningful banking, exceptional experiences and trusted relationships. We seek to drive equity for all by seeking equality of opportunity, removing barriers and championing financial inclusion for critical resources.

Affinity Plus was created more than 90 years ago to bridge the gaps to financial resources for underserved groups and communities across Minnesota. With the philosophy of “people helping people,” we continue to relentlessly grow that commitment to financial inclusion. And we’re committed to getting results.

Banking Resources

Invested in underserved communities with branches in the inner city, first-ring suburbs, and rural Minnesota.

Engaging and moving unbanked and underbanked individuals to become fully participating credit union members

Bilingual-speaking member advisors available to support members

Increased accessibility for visitors with disabilities; for example, accessibility of digital banking and our website for members who are visually impaired

Achieving a Low-Income Credit Union designation from the National Credit Union Administration, allowing us more flexibility in products and regulations

Promoting low-to-moderate income financial programs, such as the Federal Home Loan Bank Homebuyer Grant program

Fees: Affinity Plus has significantly fewer fees and very low-to-no cost products than most financial institutions, and partners with members experiencing financial hardship

Creating unique wealth-building and credit-building products, such as unsecured loans, certificate builder accounts and certificate secured loans with lower entry requirements

Small business relief from COVID-19 and George Floyd unrest, including PPP and low-interest recovery loans. Affinity Plus has nearly 500 small business members in Minneapolis and St. Paul, many with diverse ownership.

Employment Resources

Actively listening to employees, through diversity, inclusion and belonging events, as well as intentional exit interview questions

Actively hiring bilingual and culturally diverse employees

Sponsoring diverse employees for H1-B visas

Offering paid MBA program for employees through Metropolitan State University

Removed barriers for potential candidates for employment, such as moving 4-year degree from required to preferred

Developed a gender transition guide for leaders and employees

Extensive training for leadership, staff and Board of Directors

Offered 8 hours extra community volunteer hours after George Floyd death

Community Engagement

Affinity Plus Foundation that provides scholarships, community grants and grants to teachers for new ideas/emerging needs

Ongoing credit union support for Charities of Choice, including 20+ year relationships with Special Olympics Minnesota and Second Harvest Heartland

Sponsoring yearly Plus it Forward Day for employees to engage in community service in their communities throughout the state

Following the unrest from George Floyd’s death, Affinity Plus signed the “Credit Union DEI Collective Pledge,” whose mission is to bring forth social, economic, political and legal justice for combating oppression and systemic racism. In addition, as a credit union we’ve completed the optional NCUA Credit Union Diversity Self-Assessment for the past 3 years.

Created fund to engage members and employees that raised more than $330,000 to address racial injustice, business rebuilds and basic needs following the death of George Floyd

Created partnership with Minnesota Computers for Schools and KARE 11 to host technology donation drives across the state, benefitting primarily low income and diverse families with more than 40,000 pounds of technology donated

Sponsoring programming that highlights those doing good in priority communities: KFAN Carly Zucker’s “Overtime” show and KARE 11’s “Communities that KARE” segment.

Senior Leadership commitments: Serving in the community, for example: CEO Dave Larson, Vice Chair of Special Olympics Minnesota Board; Chief Talent Officer Julie Cosgrove, Ambassador on the MNCUN Global Women’s Leadership Network

Tech Drive Partnership

  • 60,000 pounds of tech
  • $33,000 donated
  • Laptops for 200 students
  • Internet for 100 more students
  • Serving 80% diverse students

Have ideas?

We know we can do more, and we’re actively listening and making resources available to push even further to make Affinity Plus an agent of financial equity.

Contact the Board

Please let our Board know your thoughts, concerns and ideas.

You may contact them by writing to:

Affinity Plus Federal Credit Union c/o Board of Directors

175 West Lafayette Frontage Road

St. Paul, MN 55107

Serve on the Board

We are currently not accepting applications for the Board, but if you're interested in serving, you'll have another opportunity.

The call for candidates occurs in the fall of each year, and new Board members begin their terms in March.