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Connexus Credit Union


Overview / Commentary
www.connexuscu.org
715-847-4700
P.O. Box 8026
Wausau, WI 54402

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.

Field of Membership Restrictions

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

Related Posts

Connexus CU Has New Rates For "Jumbo" Certificates - 12/19/2022

It appears that Connexus has raised rates for the various terms on their Jumbo Certificates (100K+). https://www.connexuscu.org/accounts/share-certificates/

FYI: Connexus CU Now Allows Lower-Rate CD Holders To FLIP To Higher Cds Without EWP - 12/3/2022

I was planning to early withdraw some CDs I opened 6 mon ago, take the EWP and move into the 4.85% 15-mon CD. Yesterday I was told over the phone that since the money is not leaving the house, EWP will be waived. This is something new because I checked a few months back and was told the EWP stands no matter where the money is going. Just want to share this good news.

Connexus Credit Union 15-Month CD Special Is New Rate Leader - 11/25/2022

Connexus Credit Union (easy membership) has added a very competitive 15-month Share Certificate Special. $5k minimum opening deposit with no stated balance cap.

View all posts from:

12/2/19 - Connexus CU Drops All CD Rates
11/27/19 - Connexus Credit Union 24-Month CD Earns 2.40% APY
7/17/19 - Connexus Cuts Certificate Rates AGAIN!
7/10/19 - Connexus Rates Decline Again
6/26/19 - Connexus CD Rates Decline
5/9/19 - Connexus Credit Union Ups 60-Month CD Rate to 3.40% APY
5/9/19 - Connexus New Rates
2/22/19 - Connexus Lowers Rates
2/1/19 - Connexus Lowered 3.63% 5 Year CD
1/31/19 - 5 Year CD Back To 3.50% (Was 3.63%)
1/17/19 - Connexus Credit Union's 60-Month CD Now Earns 3.63% APY
1/16/19 - Connexus CU Raised 60 Months And 36 Months Certificates
11/23/18 - 5 Yr- Went Down
11/7/18 - Connexus Credit Union Boosts 24-Month CD Rate
11/6/18 - 60 Month 4% Share Certificates
11/6/18 - 4% APY For 60 Months CD Plus Other CD Increases for Regular and IRA
6/19/18 - CD Rates At Connexus
6/2/18 - Increased Rates 3.25 60 Mths, 3% 42 Mths
5/21/18 - Connexus CU Has 12-Month CD and 60-Month CD
5/19/18 - CD Rate Increases At Connexus Credit Union
1/13/18 - Connexus Credit Union (Easy Membership) Hikes 60-Month CD
3/30/17 - Connexus CU Offers $100 Best Buy® E-Gift Card With New Checking
3/29/17 - Connexus Credit Union Adds Top-Rate 12-, 24-, And 36-Month CDs
1/25/17 - Connexus CU (Easy Membership) Adds Two Limited-Time CD Specials
10/31/16 - Connexus CU Adds 12-Month CD and 24-Month CD
10/25/16 - Connexus Credit Union Share Certificate Specials
9/3/16 - Connexus CU (Easy Membership) Offers "Earn An Easy $100" Bonus
8/31/16 - $100 Bonus Opening A Rewards Checking Account
3/2/16 - Connexus CU Offers Three, Short-Term CD Specials
2/26/16 - Connexus 1.33%/1.43%/1.53% APY 12Mo/18Mo/24 month CDs
10/26/15 - Connexus CU (Easy Membership) Offers Two Top-Rate CDs
10/24/15 - 12 & 24 Month Share Certificate Specials – Valid Through 12/31/15
8/28/15 - Connexus CU Celebrates With "$80 In Your Pocket" Checking Bonus
8/21/15 - Celebrate Connexus’ 80Th Anniversary With $80 In Your Pocket
2/8/15 - Connexus CU (12 Mo CD, 1.30%APY)
2/4/15 - Connexus CU Continues To Offers Highest Rate 12-Month CD
1/5/15 - Connexus CU 12-Month CD (1.374% APY) Special Extended Through January 31, 2015
10/26/14 - Connexus Credit Union Offers High Rate 1-Year CD Available Nationwide
10/23/14 - 12-Month Certificate Special - Blended Rate 1.374% APY - Easy To Join
9/17/14 - Connexus CU 1 Yr CD Earn Up To 2%APY OPEN TO EVERYONE
8/28/14 - Credit unions with national FOMs will merge
6/10/14 - 9-Month CD Rate Special at Connexus Credit Union
9/6/12 - CD Rates at Connexus Credit Union Are Competitive Again - Easy Membership
5/11/12 - Rate Drop To 1.75% Xtraordinary Checking/1.35% Myrewards Checking
5/3/12 - Updated Review of Connexus Credit Union's Xtraordinary & MyRewards Checking
2/21/12 - Connexus Credit Union Is Growing Through Mergers
7/1/11 - End Of The Last Nationally Available 3% 5-Year CD - False Alarm
2/1/11 - Top CD Rates Continue at Connexus Credit Union - Easy Membership
8/12/10 - Update on Connexus Credit Union's CD and Reward Checking Rates - Available Nationwide
6/1/10 - Top CD Rates at Connexus Credit Union - Easy Membership
3/24/10 - Competitive Step-UP CDs and Money Market Account at Connexus Credit Union - Easy Membership
3/15/09 - Health Savings Account Overview and Finding the Best HSA

Reviews (60)

Great Experience

Posted by: |

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.

4

Decent Experience

Posted by: |

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

16

Texas Ratio Trend C+

Posted by: |

Should we worry about its health with a Tex Ratio Trend of C+?

17

STAY AWAY FROM THIS BANK

Posted by: |

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.

6
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Health
B

Data as of Q3 2022

Learn why bank health matters

Health Grade Components

Overall
NCUA #66538
Year Chartered1935
Employees675
Primary Regulator
Profit Margin
Return on Assets - YTD1.04%
Return on Equity - YTD10.53%
Annual Interest Income$217.3MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$5.14B$3.73B
LoansQ3 2022vs Q3 2021$4.64B$3.25B
DepositsQ3 2022vs Q3 2021$4.39B$3.30B
Equity CapitalQ3 2022vs Q3 2021$496.2MM$380.6MM
Loan Loss AllowanceQ3 2022vs Q3 2021$28.9MM$18.5MM
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$93.1MM$42.7MM
Real Estate OwnedQ3 2022vs Q3 2021$0$155.00K
Rates
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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.

Connexus Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*$15k*-Health Savings Account
OTHER TIERS: 0.50% → $100 - $500 | 1.00% → $500 - $5k | 1.50% → $5k - $15k
0.40%*$10k*-IRA Savings Account
OTHER TIERS: 0.25% → Up to $10k
0.25%$100-Member Share
0.25%--Holiday Club
0.25%$100-Additional Savings
0.25%$100-Organization Savings

Connexus Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW 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

Connexus Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*-$1kTeen Checking
OTHER TIERS: 0.25% → $1k+
1.75%*-$25kXtraordinary Checking
OTHER TIERS: 0.25% → $25k+

Connexus Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.85%$5k-15 Month Certificate Special
4.76%$100k-12 Month Jumbo Certificate
4.51%$5k-12 Month Certificate
4.26%$100k-24 Month Jumbo Certificate
4.01%$5k-24 Month Certificate
3.96%$100k-36 Month Jumbo Certificate
3.81%$5k-24 Month Bump-Up Certificate
3.76%$100k-48 Month Jumbo Certificate
3.76%$100k-60 Month Jumbo Certificate
3.71%$5k-36 Month Certificate
3.51%$5k-60 Month Certificate
3.51%$5k-48 Month Certificate

Connexus Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.85%$5k-15 Month IRA Special
4.76%$100k-12 Month Jumbo IRA
4.51%$5k-12 Month IRA
4.26%$100k-24 Month Jumbo IRA
4.01%$5k-24 Month IRA
3.96%$100k-36 Month Jumbo IRA
3.76%$100k-48 Month Jumbo IRA
3.76%$100k-60 Month Jumbo IRA
3.71%$5k-36 Month IRA
3.51%$5k-60 Month IRA
3.51%$5k-48 Month IRA
Locations

Availability

Wausau Area

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