What Affinity Credit Union Has To Offer

For those who live in Saskatchewan (especially those in Saskatoon and Regina), Affinity Credit Union is one place you can turn to for most of your banking needs.

And they don't just offer the basics, they offer a suite of bank accounts to better suit what you might need. And for business owners, they offer almost everything you might need from a banking standpoint.

Here's everything that Affinity offers so you can see if they may be a fit for you.

Personal bank accounts offered by Affinity Credit Union

Affinity Credit Union offers a full spectrum of banking services, with both personal and business accounts.

Here are the details on their personal accounts. All details are current as of October 3, 2023.

1. Chequing accounts

Affinity offers a full suite of chequing accounts. There are several accounts you can choose from.

There are some speciality accounts. There's one for youth (those 20 and under), another one for students (which you can keep for 24 months after you graduate), plus accounts for seniors and those who need an account that deals in U.S. dollars.

The Youth, Student, and 65+ accounts offer free transactions and charge no monthly fees.

As to the other 3, here are the differences between their Unlimited, Pay-as-you-go, and Value Chequing accounts. It all comes down to how many transactions you need to make per month. Each account has varying monthly fees.

2. Savings accounts

Affinity offers 2 savings accounts for members to choose from.

The differences between them? The interest rates and the number of free transactions you get, as well as the cost for additional transactions.

Both operate on a tiered interest rate system. The more you have in your account, the higher your interest rates. Here's the comparison of the 2. All Interac e-Transfers cost $1.

For the most up to date interest rates, Affinity lists them here.

Other personal banking products offered by Affinity Credit Union

Affinity Credit Union is a full service bank. Here are the other products they offer.

1. Mortgages

In need of a mortgage? Whether you're buying your first home, need to renew an existing mortgage, or perhaps you want some funds to renovate or upgrade your home, Affinity can help.

There are options for fixed and variable rate mortgages, with a rate guarantee of 130 days.

2. Loans

There are a few different loans offered by Affinity. There's the standard personal loan for a lump sum of cash to afford whatever it is you're looking to do.

They also offer loans for education, a credit building loan, and even an RRSP loan to help you save for the future.

3. Lines of credit

If from time to time, you need to be able to access a little extra cash, Affinity provides lines of credit.

Simply take out what you need, pay it back when you can, and your minimum payment is simply the interest you've accumulated.

Affinity Credit Union business banking

If you run a business, Affinity Credit Union offers a full suite of business banking products.

From chequing and savings accounts, to a full suite of borrowing products, Affinity has you covered.

1. Business chequing accounts

There are 4 different business chequing accounts for members to choose from. There are 3 accounts for Canadian funds and one U.S dollar account.

For the 3 regular accounts, the major differences are in the number of free transactions included.

2. Business savings account

If you need a savings account, Affinity offers a business savings account.

This account has 1 free transaction per month ($5 for additional transactions), will charge you $1 per Interac e-Transfer, and has these interest rates, which vary based on the size of your balance.

• Less than $100,000: 1.85%
• More than $100,000: 2.10%

3. Business borrowing products

Businesses need to borrow money at times. And Affinity Credit Union offers a variety of different loan products for business.

From term loans, mortgages, and revolving credit, Affinity has you covered.

Affinity Credit Union credit card

We haven't mentioned credit cards. And as of this time, Affinity is not issuing credit cards.

Why is that? Well, Affinity is in the process of launching a brand new suite of both personal and business credit cards.

These new cards won't be launched until the spring of 2024. If you want, you can join the waitlist to get a notification when these cards are available.

If you're in need of one now though, well, you're in the right place. We're full of resources to help get you the best credit card.

There's our best credit cards listing, showing you the best credit card in 31 categories. You can turn to our compare cards page, where you can enter in what you want in a credit card, and see the results updated in real time based on what you want.

Finally, we have our own 3 minute quiz. Answer our questions, and we'll pinpoint the exact right credit card for you.

Affinity credit union locations

So where are Affinity Credit Union branches located? For the most part, they're in Regina and Saskatoon, with a few more scattered around the province.

Here's a Google Map search showing all of their locations in Saskatchewan.

Your thoughts on Affinity Credit Union

For our readers in Saskatchewan who use Affinity Credit Union, what has your experience been like?

Anything you like or dislike about their products?

Let us know in the comments below.

FAQ

What is Affinity Credit Union?

Affinity Credit Union is a full service credit union for residents of Saskatchewan. They offer a wide range of banking products, from chequing and savings accounts, to mortgages, loans, and lines of credit.

Does Affinity Credit Union offer online banking?

Affinity Credit Union does have online banking. You'll be able to manage all your accounts through the Affinity Credit Union portal.

Is there an Affinity Credit Union credit card?

Affinity does not currently issue credit cards. Affinity is in the process of launching a new set of personal and business credit cards, which are due to come out in the spring of 2024.