Now through October 31, 2015, Connex Credit Union (Connex CU) is celebrating its 75th Anniversary by offering a 7.5-month Share Certificate (1.25% APY). The minimum opening deposit is $500 of new money and there is a maximum deposit limit of $250K.
There is a limit of one 75th Anniversary Share Certificate per household.
According to CSR, the Early Withdrawal Penalty is determined on a case-by-case basis, using the amount withdrawn and time left until maturity as variables.
Connex CU’s Unbank Checking currently earns 1.25% APY on qualifying balances up to $25K; qualifying balances over $25K earn 0.10% APY. Complete details available on the Unbank Checking FAQs page.
Headquartered in North Haven, Connecticut, Connex Credit Union’s membership eligibility is primarily residency based.
Residency: Individuals who live, work, worship, or attend school in the Connecticut counties of Hartford, Middlesex, and New Haven are eligible for membership.
Relationship: Family members of current Connex CU members are also welcome to join.
Unlike Connex CU’s other Share Certificates that can be opened online, the 75th Anniversary Share Certificate must be opened at a branch location.
Credit Union Overview
Connex Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas ratio of 5.87% (excellent), based on June 30, 2015 data. In the past year, Connex CU increased its total deposit by $18.64 Million, an excellent annual growth rate of 5.34%. Please refer to our financial overview of Connex Credit Union for more details.
Originally chartered in 1940 as the New Haven Telephone Employees Federal Credit Union, Connex Credit Union (NCUA Certificate # 68511) is Connecticut’s 5th largest credit union, with over 46,400 members. The name was changed to Southern New England Financial Credit Union as more SEGs became affiliated with the Credit Union. In 2002, the Credit Union charter was converted to a community base state charter, allowing the field of membership to include all residents of Hartford, Middlesex, and New Haven Counties. The charter change also led to a new name, Connex; pronounced "connects," this bit of word whimsy was chosen to reflect the expanded field of membership – CONNECTicut residents.
How the CD Compares
When compared to the 185 similar length-of-term CDs tracked by DepositAccounts.com, requiring a similar minimum deposit and available to Connecticut residents, Connex Credit Union’s 75th Anniversary Share Certificate currently ranks first.
The above rates are accurate as of 9/23/2015.
To search for nationwide CD rates and CD rates in your state, please refer to the CD rates section of DepositAccounts.com.