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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 464th largest credit union in the nation. It was established in 1940 and as of December of 2021, it had grown to 129 employees and 64,580 members at 8 locations. Connex Credit Union's savings rates are 4X the national average, and it 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) Adds 15-Month CD Special (Expired) - 10/18/2021

Connex Credit Union (CT) offered a competitive 15-month CD Special, but due to overwhelming response, the Special ended early on October 21, 2021.

View all posts from:


Reviews (6)

Great Bank

Posted by: |

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: |

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: |

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.

2

This Organization Is Really Bad

Posted by: |

I've had 4 experiences with this bank over the past 4 months and each one has been negative. The last one told me it's time to close my account. Customer service is not what this bank is about.

1

Terrible Bank & Customer Service

Posted by: |

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

4

Terrible Bank, Terrible Employees

Posted by: |

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.

4


Health
A

Data as of Q4 2021

Learn why bank health matters

Health Grade Components

Overall
NCUA #68511
Year Chartered1940
Employees129
Primary Regulator
Profit Margin
Return on Assets - YTD0.78%
Return on Equity - YTD8.22%
Annual Interest Income$25.2MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$868.6MM$766.4MM
LoansQ4 2021vs Q4 2020$700.3MM$597.0MM
DepositsQ4 2021vs Q4 2020$762.9MM$666.3MM
Equity CapitalQ4 2021vs Q4 2020$80.0MM$74.5MM
Loan Loss AllowanceQ4 2021vs Q4 2020$4.7MM$3.8MM
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$3.2MM$2.7MM
Real Estate OwnedQ4 2021vs Q4 2020$0$0
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
2.00%*-$1kPathways Share Account
OTHER TIERS: 0.05% → $1k+
0.15%*$20k*-IRA Share Account
OTHER TIERS: 0.10% → Up to $20k
0.10%--Health Savings Account
0.10%--Health Savings Account (HSA Checking)
0.05%$25-Regular Share Account
0.05%$25-Business Savings Account
0.05%-$20kSpecial Purpose Share Account

Connex Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$100k*-Money Market Share Account with Your Choice Checking
OTHER TIERS: 0.05% → Up to $2.5k | 0.20% → $2.5k - $50k | 0.30% → $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 - $50k | 0.20% → $50k - $100k
0.30%*$100k*-Money Market Share Account
OTHER TIERS: 0.05% → Up to $2.5k | 0.10% → $2.5k - $50k | 0.20% → $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
0.10%--Complete Business Checking Plus
0.10%--Complete Business Checking for Non-Profits
0.05%--Your Choice Checking Account
0.05%--Teen Green Checking

Connex Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%$500$250k60 Month CD with Your Choice Checking
1.00%$500$250k60 Month CD
1.00%$500$250kBusiness 60 Month CD
0.90%$500$250k48 Month CD with Your Choice Checking
0.80%$500$250k48 Month CD
0.80%$500$250kBusiness 48 Month CD
0.70%$500$250k36 Month CD with Your Choice Checking
0.60%$500$250k36 Month CD
0.60%$500$250k24 Month CD with Your Choice Checking
0.60%$500$250kBusiness 36 Month CD
0.50%$500$250k24 Month CD
0.50%$500$250k12 Month CD with Your Choice Checking
0.50%$500$250kBusiness 24 Month CD
0.40%$500$250k12 Month CD
0.40%$500$250kBusiness 12 Month CD
0.40%$25-12 Month Save To Win CD
0.30%$500$250k6 Month CD with Your Choice Checking
0.20%$500$250k6 Month CD
0.20%$500$250kBusiness 6 Month CD

Connex Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%$500$250k60 Month IRA with Your Choice Checking
1.00%$500$250k60 Month IRA
1.00%$500$250kBusiness 60 Month IRA
0.90%$500$250k48 Month IRA with Your Choice Checking
0.80%$500$250k48 Month IRA
0.80%$500$250kBusiness 48 Month IRA
0.70%$500$250k36 Month IRA with Your Choice Checking
0.60%$500$250k36 Month IRA
0.60%$500$250k24 Month IRA with Your Choice Checking
0.60%$500$250kBusiness 36 Month IRA
0.50%$500$250k24 Month IRA
0.50%$500$250k12 Month IRA with Your Choice Checking
0.50%$500$250kBusiness 24 Month IRA
0.40%$500$250k12 Month IRA
0.40%$500$250kBusiness 12 Month IRA
Locations


Connex Credit Union Locations
Branch Office620 W Main StBranford, CT 06405-3420
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
Corporate Office116 Washington AveNorth Haven, CT 06473

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