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People also ask
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What is the difference between federal union and credit union?
Credit Unions are the only democratically run financial institution. A federal credit union is member-owned and controlled. Member's interests are represented by a volunteer board of directors drawn from the membership and elected by the membership.
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Who owns Affinity Federal Credit Union?
shareholder: Affinity operates with the member, not a shareholder, in mind. Our decisions are through the lens of what the member needs and how we can support the well-being of the membership. Banks must satisfy shareholders first where credit unions satisfy their members first.
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Are credit unions shareholder or member-owned?
YOU ARE PART OWNER. Credit unions are owned and controlled by the people, or members, who use their services. Your vote counts. A volunteer board of directors is elected by members to manage a credit union.
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What financial institution is Affinity Credit Union?
First, let us tell you who we're not. Affinity isn't your typical bank – in fact, we're not a bank at all! We're a Saskatchewan-born co-operative financial institution owned by our members, for our members.
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Who is the CEO of Affinity Federal Credit Union?
A message from our CEO, Kevin Brauer: Affinity Federal Credit Union remains focused on your financial well-being. As a credit union, our number one priority is the financial security of our membership and your financial success and well-being.
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Is Affinity Federal Credit Union FDIC insured?
Yes, your money is safe at a credit union. Affinity is a federally insured credit union, which means that all deposits are protected by the National Credit Union Share Insurance Fund, with deposits insured up to at least $250,000 per depositor.
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How good is a credit union?
Credit unions can be ideal for a low-interest loan, lower mortgage closing costs, or reduced fees, but you'll need to qualify for membership. Larger banks may offer you more choices regarding products, apps, and international or commercial products and services, and anyone can join.
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What's the best credit union to belong to?
Compare the Best Credit Unions Financial InstitutionWhy We Picked It Blue Federal Credit Union Best Overall Liberty Federal Credit Union Best for Checking Alliant Credit Union Best for a Savings Account Service Credit Union Best for Military Individuals & Families1 more row
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