Connexus Credit Union is headquartered in Wausau and is the 4th largest credit union in the state of Wisconsin. It is also the 66th largest credit union in the nation. It was established in 1935 and as of September of 2022, it had grown to 675 employees and 443,733 members at 17 locations. Connexus Credit Union's money market rates are 9X the national average, and it has a B health rating.
Membership in Connexus Credit Union is open to anyone through becoming a member of the Connexus Association with a $5 donation. Membership is also open to the following: (1) members of the communities/counties in Illinois: Boone, Knox, Lake, McHenry, Stephenson, Warren, Winnebago; in Minnesota: Brooklyn Center, Crystal, Golden Valley, Hopkins, Minneapolis, New Hope, Robbinsdale, and St. Louis Park; in Ohio: Cincinnati and Norwood; in Wisconsin: Adams County Barron, Chippewa, Clark County, Columbia, Dane, Dodge, Iowa, Juneau County, Langlade County, Lincoln County, Marathon County, Milwaukee, Oneida, Ozaukee, Portage County, Price, Racine, Rusk, Sauk, Shawano County, Taylor County, Washington, Waukesha, Waushara County, Wood County, and within 25 mile of Sheldon or 15 miles of Chetek. (2) Employees, retirees, family members, members, students, or student alumni of ALPA FCU, ALPA Union, Aqua Finance, Aspirus Inc, BMW Motorcycle Owners of America Group or its successor, Buell Riders Adventure Group, Cincinnati Bell, Cintel, Convergys, Endura, Harley Owners Group, Honeywell, Kraft or Bombardier Company and its majority-owned subsidies in the U.S., Liberty Mutual Insurance, Marketplace Home Mortgage, Marshfield Clinic, Minnesota Consumer Council, Northcentral Technical College, Orbital ATK, Organizations of any motorcycle dealer located in the IL or WI counties of Winnebago, Boone, Jo Daviess, Knox, Lake, Warren, McHenry, or Stephenson, Successors Rockwell Automation and its subsidiaries and affiliates, TSI Incorporated. (3) Spouses, family members, and those living in the same household of an existing member.
See current membership details
Since interest rates had more than doubled since I opened my 2.2% CD's, I requested an early termination and knew I would be charged a 3 month early withdrawal penalty. Instead, Connexus offered me a 4.85% rate and they waived the early withdrawal penalty. Unbelievable! Yes, I took that deal.
According to their CSR, due to overwhelming demand, they are 72 hours behind.
Opening a CD account:
• Soft pull w/Trans Union
• Require a copy of social security card, although not listed
• Disregard their email, you need to be proactive as no one contacts you during approval process.
• Maximum ACH transfer is $250,000 for opening a CD account. Over that amount needs to be wired in.
• Your membership number is not the same as your account number
Should we worry about its health with a Tex Ratio Trend of C+?
I wanted to invest 100000.00 in one of there cds, said i had to join their credit union for 5.00 and open a savings account to open the cd. I am retired and trying to move money from saving account to profitable cds. Should be simple you would think. I chatted with several people to ask about status of my membership. got disconnected each time. I have a credit score of 842, no balances open but show i do have credit cards, house paid off for 15 years, paid cash for car. They declined me thru a letter. Unbelievable, I was giving them money. I was even thinking of putting another 150000.00 in another cd, They really do not know how to treat people, again i was giving them money.
Overall | |
---|---|
NCUA # | 66538 |
Year Chartered | 1935 |
Employees | 675 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 1.04% |
Return on Equity - YTD | 10.53% |
Annual Interest Income | $217.3MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q3 2022vs Q3 2021 | $5.14B$3.73B |
Loans | Q3 2022vs Q3 2021 | $4.64B$3.25B |
Deposits | Q3 2022vs Q3 2021 | $4.39B$3.30B |
Equity Capital | Q3 2022vs Q3 2021 | $496.2MM$380.6MM |
Loan Loss Allowance | Q3 2022vs Q3 2021 | $28.9MM$18.5MM |
Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $93.1MM$42.7MM |
Real Estate Owned | Q3 2022vs Q3 2021 | $0$155.00K |
Always verify rates and promotions with the bank or credit union. We are not Connexus 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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
4.01%* | $1m* | - | Money Market Account | ||
OTHER TIERS: 0.25% → $1k - $20k | 2.01% → $20k - $100k | 2.51% → $100k+ | 3.01% → $250k - $500k | 3.41% → $500k - $1m |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
2.00%* | - | $1k | Teen Checking | ||
OTHER TIERS: 0.25% → $1k+ | |||||
1.75%* | - | $25k | Xtraordinary Checking | ||
OTHER TIERS: 0.25% → $25k+ |