AFFCU
TypeCredit union
IndustryFinancial services
Founded1952
ProductsSavings; checking; consumer loans; mortgages; credit cards; investments; online banking; mobile banking
Websitegoaffcu.com

Air Force Federal Credit Union (AFFCU) is a US credit union headquartered in San Antonio, Texas, chartered and regulated under the authority of the National Credit Union Administration in 1952. AFFCU's routing number is 314085504.[1]

History

AFFCU, formerly known as Lackland Federal Credit Union, was founded in November 1952 by 10 airmen volunteers.[2] In 1953, it was operating from a one-room office on Lackland Air Force Base. On March 15, 2002, Lackland FCU changed its name to AFFCU.

In 2006, AFFCU joined the Co-op Financial Services, allowing access to over 30,000 ATMs for no surcharge. In the summer of the following year, AFFCU joined the Shared Branching Network. This gave further access to more than 5,400 branches and kiosks domestically and internationally.[3]

On June 29, 2012, AFFCU changed from a single common bond credit union to a multiple common bond credit union and granted eligibility to members of the Airman Heritage Foundation.[2] In May 2018, AFFCU merged with Local 142 Federal Credit Union, a single-office credit union that served members of several local unions.[4][5] Later, the corporate name was changed to AFFCU.[2] In 2019, the entity opened its first Financial Center outside the state of Texas in Columbus, Mississippi.[6]

As of June 2022, the credit union had more an $590 million in assets, and over 51,000 members worldwide.[2]

Services

AFFCU offers online and mobile banking, savings accounts, checking accounts, certificates, consumer loans (personal loans, auto loans, student loans, credit cards, and mortgages). It also offers investment services and related supports, financial planning, and insurance. AFFCU offers five scholarships worth $5,000 to high school seniors annually.[7] There are 200 co-op shared branches throughout Texas, and more than 5,400 branches domestically.

References

  1. ↑ "Contact Us | AFFCU". AFFCU. Retrieved 2023-11-03.
  2. 1 2 3 4 "About Us | AFFCU". AFFCU. Retrieved 2023-11-03.
  3. ↑ Union, Air Force Federal Credit (2018-05-01). "Air Force Federal Credit Union Merges with Local 142 Federal Credit Union". GlobeNewswire News Room. Retrieved 2020-08-23.
  4. ↑ "Air Force Federal Credit Union acquires San Antonio lender". San Antonio Express-News. Retrieved 2018-05-30.
  5. ↑ "San Antonio-area credit union snaps up smaller competitor". www.bizjournals.com. Retrieved 2018-05-30.
  6. ↑ AFFCU (2020-04-28). "AFFCU Expands Field of Membership in Mississippi". GlobeNewswire News Room. Retrieved 2020-08-23.
  7. ↑ "AFFCU awards scholarships to high school students". CU Insight. Retrieved 2022-08-08.
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