Rutgers Students and Alumni Enjoy Benefits of Merger Between Affinity Federal Credit Union & Rutgers University Student and Alumni Federal Credit Union

BASKING RIDGE, N.J., Aug. 16 /PRNewswire/ -- On June 30, the National Credit Union Administration (NCUA) approved a merger between the Rutgers University Student and Alumni Federal Credit Union (Rutgers USA) and Affinity Federal Credit Union.

Affinity was founded in 1935, and has over 135,000 members and assets in excess of $1.9 billion.  With a reputation for integrity and sound financial practices, Affinity is well positioned to offer a comprehensive range of enhanced services and products to the Rutgers community including:

• Free Checking
• Free Online and Mobile Banking services
• Access to over 50,000 surcharge-free ATMs around the country
• Access to over 4,100 branches through our shared branching partnerships
• Credit cards with low rates and no hidden fees
• Loan services ranging from student loans to car loans to home loans
• Investment and insurance services
• Retirement accounts
• Free financial counseling including how to improve your credit score and manage your budget

"We are proud to share our distinguished member service with the Rutgers community," noted John T. Fenton, president & CEO, Affinity Federal Credit Union.

As a result of the merger, Rutgers USA's New Brunswick, Newark and Camden branches will become part of Affinity's branch network, which currently consists of 16 branches throughout the state.

Now, Rutgers USA's members will soon be able to enjoy all the benefits of Affinity membership.  Moreover, Rutgers' 50,000 students and 350,000 alums are eligible to become Affinity members. 

Affinity is currently in the process of alerting Rutgers USA's members and transitioning operations and accounts, and expects this transfer to be complete by late September.

"Our core philosophy is built on fostering long-term relationships with our members and business partners," said Fenton. "We also believe that our commitment to the financial education of our members and local communities will help to enrich the learning experience and add value to the total Rutgers experience."

Fenton added, "We look forward to becoming part of, and contributing to, the Rutgers community."

Affinity Federal Credit Union:

Affinity Federal Credit Union, New Jersey's largest credit union, is a member-owned, not-for-profit, full-service financial institution with 19 branches throughout New Jersey with more than 135,000 members from more than 2,000 businesses and organizations and total assets in excess of $1.9 billion.  Headquartered in Basking Ridge, Affinity Federal Credit Union has been offering superior financial services with a member-oriented focus since 1935.  For more information, visit www.affinityfcu.org.

SOURCE Affinity Federal Credit Union

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