Sep, 30, 2025 — AFFINITY FEDERAL CREDIT UNION is a federal credit union headquartered in BASKING RIDGE, NJ with 22 branch locations and about $4.32 billion in total assets. Opened 91 years ago in 1935, AFFINITY FEDERAL CREDIT UNION has about 240,589 members and employs 530 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AFFINITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 73 Mountainview Blvd BASKING RIDGE, NJ 07920-3849 |
| Phone: | (908) 860-7208 |
| Fax: | |
| Website: | https://www.affinityfcu.com |
| Branches: | 22 branch locations |
| Members: | 240,589 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 857 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $4,318,681,802 |
| CEO/Manager: | Kevin Brauer |
| Chairperson: | Roger B Tashjian |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 160,307,241 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,646,172,156 |
| Unsecured Loans | 222,257,853 |
| Other Loans | 974,283,221 |
| TOTAL LOANS | 3,842,713,230 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -40,790,357 |
| Land And Building | 2,870,176 |
| Other Fixed Assets | 6,687,889 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 32,327,103 |
| All Other Assets | 92,211 |
| TOTAL ASSETS | 4,318,681,802 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6,268 |
| Notes & Interest Payable | 255,429,788 |
| Accounts Payable & Other Liabilities | 78,947,005 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 690,630,910 |
| Regular shares | 1,586,106,523 |
| All Other Shares & Deposits | 1,376,565,692 |
| TOTAL SHARES & DEPOSITS | 3,653,303,125 |
| TOTAL LIABILITIES | 3,987,782,068 |
| Regular Reserve | 0 |
| Other Reserves | 26,986,791 |
| Undivided Earnings | 303,912,943 |
| TOTAL EQUITY | 330,899,734 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,318,681,802 |
| INCOME & EXPENSE | |
| Loan Income | 146,634,536 |
| Investment Income | 8,810,123 |
| Other Income | 8,813,852 |
| Total Employee Compensation & Benefits | 50,431,017 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 54,707,802 |
| Non-operating Income & (Expense) | -3,669 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,750,000 |
| Cost of Funds | 66,278,896 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 10,509,579 |
| ↑ Back to Top | |