CEO Message: Affinity Plus Remains Safe & Strong
A message from Dave Larson, our President and CEO.
With the recent closures of two large banks making headlines in the news, I wanted to reach out to reassure you that Affinity Plus remains as strong as ever. You, our 250,000 members, are our first priority. You trust us to serve you throughout your financial journeys, and we don’t take that trust lightly. You can rest easy knowing that your deposits with Affinity Plus are safe and secure.
- Affinity Plus accounts are insured by the National Credit Union Administration (NCUA). If you’re like most members, you carry a balance with us that’s 100% insured by the NCUA. Our deposits are insured up to $250,000 per individual depositor—the same level as any federally insured financial institution.
- Affinity Plus is well capitalized and in good financial standing. The NCUA bestows its highest rating of “well capitalized” to credit unions with net worth ratios greater than 7.00%. In 2022, Affinity Plus’s net worth ratio was 8.27%, a fact that speaks to our financial strength.
- Affinity Plus doesn’t make “big bets.” We’re a credit union with a long history of careful and consistent growth focused on our members’ best interest. We live and work in the communities we serve. Our deposits come from our members which we in turn lend back to members and local businesses.
- Affinity Plus relies on deposits and lending for our members. So our assets aren’t tied up into any certain industry—they’re supporting our members across the communities we operate in and across many industries.
Affinity Plus has been committed to serving our members and communities with care and integrity for over 90 years, and we look forward to continuing that commitment well into the future. Thank you for your continued trust in us.
President and CEO
Based in St. Paul, Minn., Affinity Plus Federal Credit Union is a not-for-profit, financial cooperative that puts people first above profits. Members of Affinity Plus receive maximum value through competitive rates, minimal fees, and unique, member-centric products and programs. Established in 1930, Affinity Plus has 30 branches located throughout Minnesota and is owned by more than 240,000 members. Affinity Plus has more than $3.9 billion in assets. Additional information is available at www.affinityplus.org or by calling (800) 322-7228.