General questions
What is a checking account?

It's an account with a financial institution, like a bank or credit union, that lets you deposit money and access it in various ways to help you manage your day-to-day financial life. With a checking account, you can write checks, make transactions at the ATM, make online and mobile transfers, pay bills and more.

What is a checking account used for?

A checking account is typically used to deposit, hold and access money needed for daily and recurring expenses. So, for example, you may deposit your paycheck into your checking account and then use that money to pay your mortgage or rent, get cash for daily expenses, pay bills, and buy groceries.

What are dividends?

Since Affinity Federal Credit Union members are actually shareholders, they receive a distribution of earnings (or dividends) in return for investing in or saving with the credit union.