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Affinity Federal Credit Union

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This bank does not provide adequate information on its lending activities for us to rate it with any degree of accuracy. Affinity provides asset management services and in its capacity as asset manager it offer several funds that may be invested in fossil fuel companies and in banks that finance them. We consider them one to avoid if possible.

What we do know however, is that contacting your bank to ask them yourself will send a powerful message – banks will have no choice but to reassess socially irresponsible funding activities if they realize their customers are concerned. To take positive action, keep on scrolling…

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Credit Unions traditionally serve groups with a shared bond, such as workplaces or local communities. While their size and scope vary, their ethos remains consistent — members have equal voting power, fostering fairness and accountability. This contrasts with shareholder-driven banks, as Credit Unions prioritise reinvesting profits to benefit members rather than chasing returns for external investors.

Credit Unions typically avoid fossil fuel investments, focusing instead on safe assets like government bonds. However, regulations in some regions could permit riskier investments, including corporate bonds linked to fossil fuels. Members have the unique power to influence their Credit Union’s climate policies. If you are a member of this credit union, you should enquire about their potential fossil fuel exposure, while advocating for exclusion policies, emissions reductions, and proactive measures against climate change.

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