Affinity Plus Federal Credit Union

Affinity Plus Introduces Installment Payment Option for Credit Cards

Retrieved on: 
Wednesday, November 1, 2023

Affinity Plus Federal Credit Union is now offering its members an installment-payment option on qualifying credit card purchases, giving them affordability and predictability with paying off larger purchases.

Key Points: 
  • Affinity Plus Federal Credit Union is now offering its members an installment-payment option on qualifying credit card purchases, giving them affordability and predictability with paying off larger purchases.
  • This ultimately allows for predictable payments and savings on interest,” said Nic Peterson, Vice President of Payment Systems at Affinity Plus.
  • The new installment payment option gives Visa® Premier Select Rewards and Premier Classic cardholders 3 options to break up their eligible purchase over multiple payments.
  • “With terms and rates specific to the purchase, the installment payment option on qualifying purchases can keep more of our members’ money in their own pockets,” Peterson said.

Affinity Plus Partners With University of Minnesota Golden Gopher Student-Athletes

Retrieved on: 
Wednesday, October 11, 2023

The NIL activities in this expanded agreement with Affinity Plus will be facilitated by Dinkytown Athletes and will feature:

Key Points: 
  • The NIL activities in this expanded agreement with Affinity Plus will be facilitated by Dinkytown Athletes and will feature:
    This press release features multimedia.
  • (Photo: Business Wire)
    “Expanding our presence at the University of Minnesota is a great way to share about financial futures and opportunities,” said Amber Shanley, Director of Branch Services of Affinity Plus.
  • “We are thankful to Affinity Plus Federal Credit Union for their investment in our student-athletes and for recognizing their value and influence in the community.
  • “We are proud to see our partner, Affinity Plus, maximize their brand by now working directly with Gopher student-athletes to engage in NIL opportunities,” said Greg Gerlach Vice President and General Manager of Gopher Sports Properties.

Reimagining Overdraft Fees in Minnesota Saves $5 Million in Six Months for Affinity Plus Members

Retrieved on: 
Monday, April 3, 2023

Affinity Plus Federal Credit Union (Affinity Plus) reported today its decision last summer to eliminate non-sufficient fund fees (NSF) and reduce overdraft fees has saved members nearly $5 million in its first six months—with low-moderate income individuals benefitting most.

Key Points: 
  • Affinity Plus Federal Credit Union (Affinity Plus) reported today its decision last summer to eliminate non-sufficient fund fees (NSF) and reduce overdraft fees has saved members nearly $5 million in its first six months—with low-moderate income individuals benefitting most.
  • “It’s a bold approach, but these early results show that cutting non-sufficient funds fees and reducing overdraft fees is the right thing to do: it’s good for our members and it’s good for business,” said Dave Larson, Affinity Plus CEO.
  • The $100 allowance was used by members across all demographics; however, those who benefitted most were lower income, lower credit tier, minority and younger members.
  • The move to cut fees is also fueling explosive growth for Affinity Plus, which surpassed a milestone of 250,000 members in March and is now one of the fastest-growing financial institutions in Minnesota.

Affinity Plus Credit Union Rallies Communities to Take the Polar Plunge for Special Olympics Minnesota

Retrieved on: 
Thursday, January 12, 2023

This winter, Affinity Plus Federal Credit Union (Affinity Plus) is encouraging Minnesotans to take the Polar Plunge for Special Olympics Minnesota.

Key Points: 
  • This winter, Affinity Plus Federal Credit Union (Affinity Plus) is encouraging Minnesotans to take the Polar Plunge for Special Olympics Minnesota.
  • View the full release here: https://www.businesswire.com/news/home/20230112005215/en/
    This winter, Affinity Plus Federal Credit Union (Affinity Plus) is encouraging Minnesotans to take the Polar Plunge for Special Olympics Minnesota by offering the first 2,000 plungers who sign up using the code AFFINITYPLUS a $50 donation toward their fundraising minimum.
  • (Photo by Sobottka Photography)
    A longtime supporter of Special Olympics Minnesota, Affinity Plus hopes to attract more people to take the plunge this year by helping kick start individual fundraising campaigns.
  • This year, Special Olympics Minnesota is celebrating its 50th anniversary and the 25th anniversary of the Polar Plunge.

Affinity Plus to Collect ‘Coins for a Cause’ to Benefit Minnesota Food Banks

Retrieved on: 
Wednesday, December 7, 2022

For the third year in a row, Affinity Plus Federal Credit Union (Affinity Plus) will collect loose change in its Coins for a Cause initiative to support hunger relief efforts across Minnesota.

Key Points: 
  • For the third year in a row, Affinity Plus Federal Credit Union (Affinity Plus) will collect loose change in its Coins for a Cause initiative to support hunger relief efforts across Minnesota.
  • View the full release here: https://www.businesswire.com/news/home/20221207005625/en/
    For the third year in a row, Affinity Plus Federal Credit Union (Affinity Plus) will collect loose change in its Coins for a Cause initiative to support hunger relief efforts across Minnesota.
  • Proceeds collected at branch locations and online will support Second Harvest Heartland and 5 other local food banks across Minnesota, with Affinity Plus matching all contributions up to $25,000.
  • Since 2020, Affinity Plus has contributed more than $130,000 through its Coins for a Cause initiative to support food banks, providing nearly 400,000 meals for Minnesotans in need.

The Global Micro Lending Market size is expected to reach $65.4 billion by 2028, rising at a market growth of 12.8% CAGR during the forecast period

Retrieved on: 
Monday, November 28, 2022

Key Points: 
  • NEW YORK, Nov. 28, 2022 /PRNewswire/ -- The Global Micro Lending Market size is expected to reach $65.4 billion by 2028, rising at a market growth of 12.8% CAGR during the forecast period.
  • The process of giving small loans, or microloans, to proprietors of small businesses is known as micro lending.
  • There are a variety of reasons why a borrower could need money, all of which are disclosed to prospective lenders.
  • On the basis of end user, the micro lending market is divided into solo entrepreneurs & individuals and micro, small & medium enterprises.

Funding Circle and Affinity Plus Federal Credit Union Partner to Improve Credit Access for Small Business Owners

Retrieved on: 
Wednesday, September 7, 2022

Funding Circle , the leading online platform for small business loans, and Affinity Plus Federal Credit Union (Affinity Plus) , a Minnesota-based credit union, are partnering to provide small businesses with access to credit in communities throughout Minnesota and across the country.

Key Points: 
  • Funding Circle , the leading online platform for small business loans, and Affinity Plus Federal Credit Union (Affinity Plus) , a Minnesota-based credit union, are partnering to provide small businesses with access to credit in communities throughout Minnesota and across the country.
  • The partnership enables Affinity Plus the first credit union investor to partner with Funding Circle to purchase loans originated through Funding Circles world-class machine learning and technology platform.
  • We are excited to help Affinity Plus reach even more small business owners playing a critical role in local communities and supporting local economies throughout the country.
  • Based in St. Paul, Minn., Affinity Plus Federal Credit Union is a not-for-profit, financial cooperative that puts people first above profits.

Affinity Plus Eliminates Non-Sufficient Fund Fees, Reduces Overdraft Fees

Retrieved on: 
Tuesday, July 5, 2022

Affinity Plus members will no longer be charged a $35 fee for returned items.

Key Points: 
  • Affinity Plus members will no longer be charged a $35 fee for returned items.
  • 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 235,000 members.

TopLine Federal Credit Union Joins Forces With Three Other Credit Unions to Launch a New Credit Union Service Organization (CUSO)

Retrieved on: 
Thursday, June 9, 2022

MAPLE GROVE, Minn., June 09, 2022 (GLOBE NEWSWIRE) -- Local member-owned cooperative TopLine Federal Credit Union has formed a partnership with Affinity Plus Federal Credit Union , Hiway Credit Union and Spire Credit Union to launch a new Credit Union Service Organization (CUSO) called United Financials Capital (UFC) with the objective to collaborate on lending opportunities for public and private commercial and infrastructure projects throughout Minnesota and the Upper Midwest.

Key Points: 
  • MAPLE GROVE, Minn., June 09, 2022 (GLOBE NEWSWIRE) -- Local member-owned cooperative TopLine Federal Credit Union has formed a partnership with Affinity Plus Federal Credit Union , Hiway Credit Union and Spire Credit Union to launch a new Credit Union Service Organization (CUSO) called United Financials Capital (UFC) with the objective to collaborate on lending opportunities for public and private commercial and infrastructure projects throughout Minnesota and the Upper Midwest.
  • By building on existing resources in each identified target market, UFC will reduce costs, increase revenue and create new opportunities for credit unions.
  • United Financials Capitals new leadership includes Michael Dalglish as CEO and founder, and Board of Directors include Dave Boden, president/CEO of Hiway, as board chair, Dave Larson, president/CEO of Affinity Plus Federal Credit Union, Tom Smith, president/CEO of TopLine Federal Credit Union and Dan Stoltz, president/CEO of Spire Credit Union.
  • TopLine Federal Credit Union , a Twin Cities-based credit union, is Minnesotas 13th largest, with assets of more than $678 million and serves over 46,500 members.

Engageware Launches ‘Engage with Bankers’ Community for Financial Institutions

Retrieved on: 
Wednesday, April 27, 2022

Engageware , the industry-leading provider of customer engagement solutions, today announced, Engage with Bankers , a new community-driven forum that enables the exchange of ideas, resources and best practices for customer engagement for mid-tier financial institutions in the U.S. and Canada.

Key Points: 
  • Engageware , the industry-leading provider of customer engagement solutions, today announced, Engage with Bankers , a new community-driven forum that enables the exchange of ideas, resources and best practices for customer engagement for mid-tier financial institutions in the U.S. and Canada.
  • Engage with Bankers is designed for banking professionals who want to explore first-hand accounts of innovative problem solving with other like-minded financial organizations.
  • Engageware customers receive extended access to Engage with Bankers that offers exclusive product deep dives, customer round tables, training sessions, as well as the opportunity to demonstrate their success with Engagewares solutions.
  • Seeing how other institutions use Engageware and keep their employees engaged is very insightful and is proving beneficial in my role.