Basking Ridge,
N.J. - December 13, 2015 marked the 80
th anniversary of Affinity Federal Credit Union.�This year also marks the 10
th anniversary of the Affinity Federal Credit Union Foundation, which is the philanthropic arm of the credit union and its members.
To acknowledge these two significant occasions, the Foundation is providing a $10,000 grant to New Jersey Community Capital (NJCC). The donation will provide the seed money to create a special financial education and credit-counseling program specifically for low to moderate income families seeking home ownership.
"Research shows that counseled homebuyers achieve greater success in maintaining home ownership, as well as significant reductions in costly late payments, delinquencies and defaults when compared directly to non-counseled homeowners.�Our goal at both the Foundation and Affinity is to make successful home ownership available to more New Jersey families.�Financial education and credit counseling are the first steps," said Dr. Lauretta A. Farrell, Executive Director of the Affinity Federal Credit Union Foundation.
About the Affinity Federal Credit Union Foundation:
The Affinity Federal Credit Union Foundation is the philanthropic arm of the Affinity Federal Credit Union and its members. Together, we leverage our contributions to make impactful investments in local, grassroots charitable organizations, with a special focus on improving the financial lives of our members, friends and neighbors in the communities where we live, work, worship and go to school. Along with our volunteer efforts, together we are working to "Create Something Better."
About Affinity Federal Credit Union:
Affinity Federal Credit Union is the largest credit union headquartered in New Jersey. With over $2.3 billion in assets, Affinity has a network of more than 135,000 members from over 2,700 businesses, organizations and clubs throughout the country. Affinity members have access to a network of over 5,000-shared branches and nearly 30,000 surcharge-free ATMs nationwide. The credit union is a member-owned, not-for-profit, full-service financial institution that has been offering superior financial services for consumers and businesses with a member-oriented focus since 1935. Affinitys consumer banking services include a full suite of deposit products, mobile and online banking, auto, real estate, education and personal loans. Affinity offers a comprehensive set of products and services to support its business members, offering better rates and lower fees than most banks. Whether it is a new venture or a well-established organization, Affinity has the right products and services for each stage of business. Federally insured by NCUA. For more information, please visit www.affinityfcu.com and follow us on Facebook (AffinityFCU) and Twitter (@AffinityFCU).
About New Jersey Community Capital:
New Jersey Community Capital is a nonprofit community development financial institution that provides innovative financing and technical assistance to foster the creation of quality homes, educational facilities, and employment opportunities in underserved communities of New Jersey.
