Affinity Federal Credit Union has announced its strategic partnership with Green Check, a leading FinTech connector and technology provider in the burgeoning cannabis banking sector.
This collaboration aims to extend Affinity’s services to the legal cannabis-related business (CRB) segment within the communities it serves. It will also establish an integrated platform for CRB transaction monitoring and fund movement.
Affinity Federal Credit Union strives to enhance the lives of its members and foster holistic wellbeing within its communities. This initiative, launched earlier this year, offers tailored banking solutions to various CRBs, such as dispensaries, cultivators, wholesalers, manufacturers, and ancillary businesses.
Through this partnership with Green Check, Affinity will broaden its offerings, facilitating access for the legal medicinal and adult-use cannabis markets. It aims to provide comprehensive support, including a full range of consumer products, tailored to the needs of cannabis-related business employees.
Kevin Brauer, CEO of Affinity, said, “Affinity strives to support every member of its communities and ensure that everyone has access to banking solutions. This partnership will enable us to offer even more support to the legal cannabis market and its employees, which aligns with our community-centric philosophy and mission to provide comprehensive services and offerings to our members.”
In a compelling move, Affinity will waive application fees related to the approval process for all CRBs seeking to bank with Affinity during the first year following the programme’s launch.
Additionally, CRB partners will gain access to Affinity’s free financial education resources, which encompass training sessions, podcasts, and comprehensive articles.
This initiative is expected to have a significant impact on a considerable portion of New Jersey’s community, notably in light of the state’s expanding adult-use and medicinal cannabis market.
Brauer added: “We are excited to expand our cannabis banking program with the help of our new partner, Green Check and meet our goal of providing wholesome solutions for New Jersey’s CRB industry.”
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