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AFFINITY FEDERAL CREDIT UNION

Dec, 31, 2023 — AFFINITY FEDERAL CREDIT UNION is a federal credit union headquartered in BASKING RIDGE, NJ with 22 branch locations and about $4.27 billion in total assets. Opened 89 years ago in 1935, AFFINITY FEDERAL CREDIT UNION has about 232,404 members and employs 505 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 221283512
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:232,404
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, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$4,273,018,108
CEO/Manager:Kevin Brauer
Chairperson:Richard Meene

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 68,108,531
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 2,624,462,772
 Unsecured Loans 264,561,978
 Other Loans 952,159,931
 TOTAL LOANS 3,841,184,681
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -58,790,131
 Land And Building 3,130,635
 Other Fixed Assets 5,680,672
 NCUSIF Deposit 30,172,389
 All Other Assets 244,650
  TOTAL ASSETS 4,273,018,108
LIABILITIES & CAPITAL:  
 Dividends Payable 19,214
 Notes & Interest Payable 460,499,147
 Accounts Payable & Other Liabilities 79,502,700
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 696,946,926
 Regular shares 1,433,809,622
 All Other Shares & Deposits 1,289,097,795
  TOTAL SHARES & DEPOSITS 3,419,854,343
  TOTAL LIABILITIES 3,959,875,404
 Regular Reserve 0
 Other Reserves 25,374,740
 Undivided Earnings 287,767,964
  TOTAL EQUITY 313,142,704
  TOTAL LIABILITIES, SHARES, & EQUITY 4,273,018,108
INCOME & EXPENSE  
 Loan Income 190,502,753
 Investment Income 11,811,431
 Other Income 11,810,179
 Total Employee Compensation & Benefits 59,352,170
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 68,730,553
 Non-operating Income & (Expense) 92,478
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 53,592,981
 Cost of Funds 90,238,507
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -30,837,016
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