Affinity Federal Credit Union announced recently that it has merged with NEA Federal Credit Union, effective Sept. 1, creating what it called one of the largest credit unions in the Northeast United States.
The Basking Ridge-based credit union, New Jersey’s largest by total assets, said in a news release that the merged organization will retain the Affinity brand.
The merged credit union will have more than 140,000 members across New Jersey, New York and Connecticut, Affinity said. The merger also will give Affinity more than 20 branches, up from the 16 currently operating under the Affinity banner.
“Affinity and NEA historically share similar cultures and values, making this merger a beneficial and seamless transition for current and future members,” Affinity CEO and President John T. Fenton said in a prepared statement. “Expanding our footprint to include New York and Connecticut communities will allow us to continue building financial strength to more fully serve individuals and businesses in these regions.”
For more information on the merger, click here.