2. Connex Credit Union

Connex Credit Union


Overview / Commentary
www.connexcu.org
203-603-5700
412 Washington Avenue
North Haven, CT 06473

Connex Credit Union is headquartered in North Haven and is the 5th largest credit union in the state of Connecticut. It is also the 449th largest credit union in the nation. It was established in 1940 and as of March of 2019, it had grown to 112 employees and 58,162 members at 8 locations. Connex Credit Union has an A health rating.

Field of Membership Restrictions

Membership in Connex Credit Union is open to individuals who live, work, worship, or attend school in the Connecticut counties of Fairfield, Hartford, Middlesex, and New Haven.
See current membership details

Related Posts

Connex Credit Union (CT) Has 24-Month CD Special - 10/8/2018

Connexu CU (CT) has a 24-month CD Special (3.05% APY) with one penalty-free withdrawal and one bump-up option during the term. Minimum deposit is $1k of new money.

24-Month CD, 3.05% APY, One No Penalty Withdrawal, One Bump-Up - 10/5/2018

The 24-month Certificate of Deposit (CD) is available from October 1, 2018 through October 31, 2018. Advertised rate is available exclusively for deposit funds that are new to Connex Credit Union. Funds currently on deposit at Connex are not eligible. At maturity, the 24-month certificate rolls over to a standard 24-month certificate at the current rate. One penalty-free withdrawal permitted after 12 months and for no more than 50% of the original deposit. Withdrawals prior to 12 months, more than 50% of original deposit, or more than the allowed one free withdrawal may incur penalties. Should the standard 24 month CD APY exceed 3.05%, you may utilize a one-time bump up to the then current rate above 3.05% APY. A $25 balance in your share savings account is required. Minimum deposit to open is $1,000.

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Reviews (5)

Great Bank

Posted by: shimonin | May 4, 2012

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

Great Service

Posted by: Anonymous | Apr 27, 2012

Connex offers great personal service and their access to the Allpoint ATMs is great!

1

Low Limit On Debit Card, Does Not Authorize Car Rentals

Posted by: Unbank | Mar 23, 2012

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

Terrible Bank & Customer Service

Posted by: Vic | Aug 9, 2017

Customer service is worst with this bank and branch service is horrible service.. No proper advise or directions in this Connex credit union bank

2

Terrible Bank, Terrible Employees

Posted by: Anonymous | Apr 3, 2012

THIS BANK IS ABSOLUTELY HORRIBLE AND CLUELESS.

I went to open a "unbank" checking account with them and realized that I was going to be charged for checks...so I called to close the account immediately, hoping this could be done before the checks were ordered, etc.

Their customer services representatives are rude and not helpful. They don't understand the processes of the bank one bit so it's impossible for them to actually help you when you have an issue.

I still haven't resolved the issue with them.

3


Health
A

Data as of Q1 2019

Learn why bank health matters

Health Grade Components

Overall
NCUA #68511
Year Chartered1940
Employees112
Primary Regulator
Profit Margin
Return on Assets - YTD0.8%
Return on Equity - YTD8.04%
Annual Interest Income$5.6MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$679.3MM$575.0MM
LoansQ1 2019vs Q1 2018$547.9MM$475.7MM
DepositsQ1 2019vs Q1 2018$589.3MM$477.7MM
Equity CapitalQ1 2019vs Q1 2018$65.0MM$60.3MM
Loan Loss AllowanceQ1 2019vs Q1 2018$3.5MM$3.0MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$4.0MM$3.0MM
Real Estate OwnedQ1 2019vs Q1 2018$0$156.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Connex Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Connex Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$20k*-IRA Share Account
OTHER TIERS: 0.10% → Up to $20k
0.10%$25-Health Savings Account
0.10%$25-Health Savings Account (HSA Checking)
0.05%$25-Regular Share Account
0.05%$25-Business Savings Account

Connex Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$100k*-Money Market Share Account with Your Choice Checking
OTHER TIERS: 0.20% → $2.5k - $10k | 0.25% → $10k - $25k | 0.30% → $25k - $50k | 0.35% → $50k - $100k
0.30%*$2k*-Mini Money Market Share Account
OTHER TIERS: 0.05% → $25 - $250 | 0.10% → $250 - $500 | 0.15% → $500 - $1k | 0.20% → $1k - $1.5k | 0.25% → $1.5k - $2k
0.30%*$100k*-Business Money Market Account
OTHER TIERS: 0.05% → Up to $2.5k | 0.10% → $2.5k - $10k | 0.15% → $10k - $25k | 0.20% → $25k - $50k | 0.25% → $50k - $100k
0.30%*$100k*-Money Market Share Account
OTHER TIERS: 0.10% → $2.5k - $10k | 0.15% → $10k - $25k | 0.20% → $25k - $50k | 0.25% → $50k - $100k

Connex Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%*-$25kUnbank Checking
OTHER TIERS: 0.10% → $25k+
0.10%--Business Checking Account
0.05%$25-Your Choice Checking Account

Connex Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.35%$500$250k60 Month CD with Your Choice Checking
1.25%$500$250k60 Month CD
1.20%*$100k*$250k40 Month CD Special with Your Choice Checking
OTHER TIERS: 0.90% → $5k - $25k | 0.95% → $25k - $50k | 1.00% → $50k - $100k
1.10%*$100k*$250k40 Month CD Special
OTHER TIERS: 0.80% → $5k - $50k | 0.90% → $50k - $100k
1.10%$500$250k48-59 Month CD with Your Choice Checking
1.00%$500$250k48-59 Month CD
1.00%$500$250k36-47 Month CD with Your Choice Checking
0.90%$500$250k36-47 Month CD
0.70%*$100k*$250k26 Month CD Special with Your Choice Checking
OTHER TIERS: 0.55% → $5k - $25k | 0.60% → $25k - $50k | 0.65% → $50k - $100k
0.65%$500$250k24-35 Month CD with Your Choice Checking
0.60%*$100k*$250k26 Month CD Special
OTHER TIERS: 0.45% → $5k - $25k | 0.50% → $25k - $50k | 0.55% → $50k - $100k
0.55%$500$250k24-35 Month CD
0.55%$500$250k12-23 Month CD with Your Choice Checking
0.50%*$100k*$250k13 Month CD Special with Your Choice Checking
OTHER TIERS: 0.35% → $5k - $25k | 0.40% → $25k - $50k | 0.45% → $50k - $100k
0.45%$500$250k12-23 Month CD
0.40%*$100k*$250k13 Month CD Special
OTHER TIERS: 0.25% → $5k - $25k | 0.30% → $25k - $50k | 0.35% → $50k - $100k
0.30%$500$250k6 Month CD with Your Choice Checking
0.20%$500$250k6 Month CD
0.20%$500$250k3 Month CD with Your Choice Checking
0.10%$500$250k3 Month CD

Connex Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.35%$500$250k60 Month IRA with Your Choice Checking
1.25%$500$250k60 Month IRA
1.20%*$100k*$250k40 Month IRA Special with Your Choice Checking
OTHER TIERS: 0.90% → $5k - $25k | 0.95% → $25k - $50k | 1.00% → $50k - $100k
1.10%*$100k*$250k40 Month IRA Special
OTHER TIERS: 0.80% → $5k - $50k | 0.90% → $50k - $100k
1.10%$500$250k48-59 Month IRA with Your Choice Checking
1.00%$500$250k48-59 Month IRA
1.00%$500$250k36-47 Month IRA with Your Choice Checking
0.90%$500$250k36-47 Month IRA
0.70%*$100k*$250k26 Month IRA Special with Your Choice Checking
OTHER TIERS: 0.55% → $5k - $25k | 0.60% → $25k - $50k | 0.65% → $50k - $100k
0.65%$500$250k24-35 Month IRA with Your Choice Checking
0.60%*$100k*$250k26 Month IRA Special
OTHER TIERS: 0.45% → $5k - $25k | 0.50% → $25k - $50k | 0.55% → $50k - $100k
0.55%$500$250k24-35 Month IRA
0.55%$500$250k12-23 Month IRA with Your Choice Checking
0.50%*$100k*$250k13 Month IRA Special with Your Choice Checking
OTHER TIERS: 0.35% → $5k - $25k | 0.40% → $25k - $50k | 0.45% → $50k - $100k
0.45%$500$250k12-23 Month IRA
0.40%*$100k*$250k13 Month IRA Special
OTHER TIERS: 0.25% → $5k - $25k | 0.30% → $25k - $50k | 0.35% → $50k - $100k
Locations


Connex Credit Union Locations
Branch Office620 W Main StBranford, CT 06405-3420
Branch OfficePO Box 477North Haven, CT 06473-0477
Branch Office2 Whitney Ave Whitney Grove SquareNew Haven, CT 06510
Branch Office849 Boston Post RdGuilford, CT 06437-2752
Branch Office212 Boston Post RdOrange, CT 06477-3220
Branch Office533 S Broad St Ste 1BMeriden, CT 06450-6661
Branch Office2100 Dixwell AveHamden, CT 06514-2406
Branch Office155 Main StMonroe, CT 06468-1167

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