3.5 star ratingAverage User Rating:
3.5 star rating based on 2 reviews.

Connex Credit Union

Connex Credit Union Locations
412 Washington Ave
North Haven, CT 06473
203-603-5700
www.connexcu.org

NCUA

Connex Credit Union is headquartered in North Haven and is the 5th largest credit union in the state of Connecticut. It is also the 544th largest credit union in the nation. It was established in 1940 and as of December of 2012, it had grown to 81 employees and 46,435 members. Connex Credit Union has a 5-star health rating.

Connex Credit Union Routing Number: 211178200

Related Posts

2.80% 9-Month CD at Connex Credit Union in Connecticut - Local Only - 5/19/2009

Connex Credit Union is offering a special 9-month CD with a rate of up to 2.80% APY. This rate requires the credit union's Choice Checking which requires full direct deposit or a $5 monthly fee is imposed. Without Choice Checking, the CD rate is 2.55%...

5.50% 36-Month CD at a Connecticut CU (Connex). - 8/15/2007

Update 9/22/07: CD rates have gone down. Please check credit union's website for latest rates.Connex Credit Union if offering a yield of 5.50% APY on terms from 36 to 47 months. The minimum deposit is $500, and the maximum is $250,000. It's available as...



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See Rates for: Checking | Savings | Money Market | CD | IRA

Connex Credit Union Checking Account Rates

ApyMinMaxProduct
1.25%$25$25kUnbank Checking
0.10%--Business Checking Account
0.05%$25-Your Choice Checking Account

Connex Credit Union Savings Account Rates

ApyMinMaxProduct
0.15%$20k-IRA Share Account
0.10%$25-Health Savings Account
0.10%$25-Health Checking Account
0.05%$25-Regular Share Account
0.05%$25-Business Savings Account

Connex Credit Union Money Market Rates

ApyMinMaxProduct
0.40%$100k-Money Market Share Account with Your Choice Checking
0.30%$100k-Money Market Share Account
0.30%$2k-Mini Money Market Share Account
0.30%$100k-Business Money Market Account

Connex Credit Union CD Rates

ApyMinMaxProduct
1.35%$500$250k60 Month Share Certificate with Your Choice Checking
1.25%$500$250k60 Month Share Certificate
1.20%$100k$250k40 Month Special Share Certificate with Your Choice Checking
1.10%$100k$250k40 Month Special Share Certificate
1.10%$500$250k48-59 Month Share Certificate with Your Choice Checking
1.00%$500$250k48-59 Month Share Certificate
0.85%$500$250k36-47 Month Share Certificate with Your Choice Checking
0.75%$500$250k36-47 Month Share Certificate
0.70%$100k$250k26 Month Special Share Certificate with Your Choice Checking
0.60%$100k$250k26 Month Special Share Certificate
0.50%$100k$250k13 Month Special Share Certificate with Your Choice Checking
0.45%$500$250k24-35 Month Share Certificate with Your Choice Checking
0.40%$100k$250k13 Month Special Share Certificate
0.35%$500$250k24-35 Month Share Certificate
0.30%$500$250k12-23 Month Share Certificate with Your Choice Checking
0.25%$500$250k6 Month Share Certificate with Your Choice Checking
0.20%$500$250k12-23 Month Share Certificate
0.20%$500$250k3 Month Share Certificate with Your Choice Checking
0.15%$500$250k6 Month Share Certificate
0.10%$500$250k3 Month Share Certificate

Connex Credit Union IRA Rates

ApyMinMaxProduct
1.35%$500$250k60 Month IRA Certificate with Your Choice Checking
1.35%$500$250k60 Month Roth IRA Certificate with Your Choice Checking
1.35%$500$250k60 Month Educational IRA Certificate with Your Choice Checking
1.25%$500$250k60 Month IRA Certificate
1.25%$500$250k60 Month Roth IRA Certificate
1.25%$500$250k60 Month Educational IRA Certificate
1.20%$100k$250k40 Month Special IRA Certificate with Your Choice Checking
1.20%$100k$250k40 Month Special Roth IRA Certificate with Your Choice Checking
1.20%$100k$250k40 Month Special Educational IRA Certificate with Your Choice Checking
1.10%$100k$250k40 Month Special IRA Certificate
1.10%$500$250k48-59 Month IRA Certificate with Your Choice Checking
1.10%$100k$250k40 Month Special Roth IRA Certificate
1.10%$500$250k48-59 Month Roth IRA Certificate with Your Choice Checking
1.10%$100k$250k40 Month Special Educational IRA Certificate
1.10%$500$250k48-59 Month Educational IRA Certificate with Your Choice Checking
1.00%$500$250k48-59 Month IRA Certificate
1.00%$500$250k48-59 Month Roth IRA Certificate
1.00%$500$250k48-59 Month Educational IRA Certificate
0.85%$500$250k36-47 Month IRA Certificate with Your Choice Checking
0.85%$500$250k36-47 Month Roth IRA Certificate with Your Choice Checking
0.85%$500$250k36-47 Month Educational IRA Certificate with Your Choice Checking
0.75%$500$250k36-47 Month IRA Certificate
0.75%$500$250k36-47 Month Roth IRA Certificate
0.75%$500$250k36-47 Month Educational IRA Certificate
0.70%$100k$250k26 Month Special IRA Certificate with Your Choice Checking
0.70%$100k$250k26 Month Special Roth IRA Certificate with Your Choice Checking
0.70%$100k$250k26 Month Special Educational IRA Certificate with Your Choice Checking
0.60%$100k$250k26 Month Special IRA Certificate
0.60%$100k$250k26 Month Special Roth IRA Certificate
0.60%$100k$250k26 Month Special Educational IRA Certificate
0.50%$100k$250k13 Month Special IRA Certificate with Your Choice Checking
0.50%$100k$250k13 Month Special Roth IRA Certificate with Your Choice Checking
0.50%$100k$250k13 Month Special Educational IRA Certificate with Your Choice Checking
0.45%$500$250k24-35 Month IRA Certificate with Your Choice Checking
0.45%$500$250k24-35 Month Roth IRA Certificate with Your Choice Checking
0.45%$500$250k24-35 Month Educational IRA Certificate with Your Choice Checking
0.40%$100k$250k13 Month Special IRA Certificate
0.40%$100k$250k13 Month Special Roth IRA Certificate
0.40%$100k$250k13 Month Special Educational IRA Certificate
0.35%$500$250k24-35 Month IRA Certificate
0.35%$500$250k24-35 Month Roth IRA Certificate
0.35%$500$250k24-35 Month Educational IRA Certificate
0.30%$500$250k12-23 Month IRA Certificate with Your Choice Checking
0.30%$500$250k12-23 Month Roth IRA Certificate with Your Choice Checking
0.30%$500$250k12-23 Month Educational IRA Certificate with Your Choice Checking
0.20%$500$250k12-23 Month IRA Certificate
0.20%$500$250k12-23 Month Roth IRA Certificate
0.20%$500$250k12-23 Month Educational IRA Certificate

Rates updated: 5/17/2013

Data for Q4 2012


Institution Statistics


CONNEX
NCUA #68511
BankRate ReportView
Year Chartered1940
Employees81
Primary Regulator

Assets and Liabilities

Assets$377.61 million
Loans$235.52 million
Deposits$315.13 million
Equity Capital$47.97 million
Loan Loss Allowance$3.05 million
Unbacked Noncurrent Loans$3.08 million
Real Estate Owned$363,000

Historic Data - December 2011

Assets$363.02 million
Equity Capital$45.87 million
Loan Loss Allowance$3.45 million
Unbacked Noncurrent Loans$2.87 million
Real Estate Owned$419,000

Profit Margin - Quarterly

Net Interest Margin4.97%
Return on Assets0.56%
Return on Equity4.38%
Interest Income$14.63 million
Non-Interest Income$5.56 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Connex Credit Union had $3.45 million in non-current loans and owned real-estate with $51.02 million in equity and loan loss allowances on hand to cover it. This gives Connex Credit Union a Texas Ratio of 6.76% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Connex Credit Union held steady from 6.67% as of December 31, 2011 to 6.76% as of December 31, 2012, resulting in a negative change of 1.36%. This indicates that the balance sheet and financial strength for Connex Credit Union has held steady in recent periods.
Deposit Growth4
In the past year, Connex Credit Union has increased its total deposits by $11.12 million, resulting in 3.66% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Connex Credit Union has shown is above average.
Capitalization5
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Connex Credit Union has $377.61 million in assets with $51.02 million in equity, resulting in a capitalization level of 13.51%, which is excellent.
Write Review

Great Bank
5 stars - shimonin - Friday, May 4, 2012 - 7:50 PM

I have been with this bank for over 25 years.They are all very friendly and knowledgable.I never get fees for checking or savings.They even pay me 2% on my checking account.

3

Low Limit On Debit Card, Does Not Authorize Car Rentals
2 stars - Unbank - Friday, March 23, 2012 - 8:41 AM

A terrible bank to do business with. Unless you are looking to have a little savings account they can be ok. If you are looking for an everyday banking go to a major financial institution. I have three accounts and I will be closing two of them.

1
 
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