Affinity FCU Merges Rutgers University FCU

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BASKING RIDGE, N.J. – Affinity FCU, the state’s largest credit union, said yesterday it has been cleared to merge into it tiny Rutgers University Student and Alumni FCU, a $3 million credit union in New Brunswick.

Affinity, a $1.9 billion credit union, will add Rutgers’ three branches to its network of 16 service facilities.

Rutgers reported a $187,000 loss for 2009, a mid-year loss of $191,000 and negative net worth.

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