From the Bank
Serving more than 360,000 members across all 50 states, Connexus Credit Union is a member-focused cooperative with over $2.63 billion in assets. Connexus is proud to return profits to member-owners through high yields for checking accounts and deposit products as well as competitive rates for personal, home, and auto loans. Members benefit from a multi-channel service model which includes an award-winning Digital Banking platform that’s available 24/7, a fully staffed and trained Member Contact Center, online chat support, and branches in four states.
Based in Wausau, WI, Connexus has been nationally recognized by Forbes, CNN Money, PC Magazine, NerdWallet, AARP, Kiplinger, and Bankrate for checking, share certificate, and loan rates. Our 320+ employees are committed to the Connexus mission statement of helping our members achieve their personal financial objectives by anticipating their needs and exceeding their expectations with superior service and products. Our team is also dedicated to the organization’s family values: Integrity, Respect, Open & Honest Communication, Work Hard/Play Hard, Learn & Grow, and Synergy. These aren’t just words on a laminated sign in a hallway – these are the core values that dictate the actions of the organization and everyone within it. The values-based culture at Connexus is demonstrated in every personal interaction, every phone call, and every email – every day.
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 of Golden Valley, Crystal, Brooklyn Center, Hopkins, Minneapolis, New Hope, Robbinsdale, St. Louis Park in Minnesota, Dover or Portsmouth in New Hampshire, Fairfield or Cincinnati in Ohio, Rothschild, Schofield, Wausau, or Weston in Wisconsin; (2) employees and retirees of Honeywell, Liberty Mutual, TSI Incorporated, Convergys, Cincinnati Bell, ATK, Aspirus Inc, or Aqua Finance.
See current membership details
Related Posts
5/18 - Big Jumps In Its CD Rates For 12 To 60 Months
5/2 - Money Market Rate Increase
4/28 - Connexus Credit Union Longer-Term CD Rates Soar
4/27 - Rates Of 2% And Up For 24 Months To 60 Months
7/21 - Connexus Credit Union Restructures Money Market Account
7/2 - Connexus Money Market Rate Decrease And Change In Terms
8/12 - Connexus Credit Union's 60-Month CD Is Rate Leader
3/16 - Connexus Credit Union - Opening CD Rates 3/16/20
3/4 - Connexus CU Cuts CD Rates By 0.25%
1/7 - Connexus Offers $250 Bonus With A New Xtraordinary Checking Account
1/5 - $250 Bonus Until 2/17/20 For Opening Xtraordinary Checking Account ($2K Debit Spend In 6 Mo)
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
Connexus Credit Union
Very well designed website for applying for a money market account. Very fast response to application. Excellent rates on money market accounts. Also great talking to their customer service representatives.
Dividends Paid Quarterly
Thought I'd point out that there's one glitch for savers who use monthly dividend disbursements to pay bill's, etc. It's that the Connexus 5 year CD pays out the dividends quarterly, not monthly. Confirmed by two CSRs. Obviously, not a problem for those who are compounding the interest through the whole term though.
Texas Ratio Trend C+
Should we worry about its health with a Tex Ratio Trend of C+?
Some Good Rates, Watch Out For Unusual Account Rules
Banks are mostly standardized, but each credit union has its own specific account rules. As can be seen by other posters, Connexus has some unusual rules that can be costly if not known. For example, their money market only allows 4 schedule D transactions per month. Another Connexus rule is that ach transfer dollar amounts are limited for both incoming and outgoing ach's -- including new Connexus account funding ach transfers initiated at an external institution. It takes significant time to find all the rules as they are frequently not in Connexus documents or known by CS reps.
Data as of Q4 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 66538 |
| Year Chartered | 1935 |
| Employees | 503 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.97% |
| Return on Equity - YTD | 18.96% |
| Annual Interest Income | $237.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2021vs Q4 2020 | $3.88B$3.24B |
| Loans | Q4 2021vs Q4 2020 | $3.40B$2.81B |
| Deposits | Q4 2021vs Q4 2020 | $3.46B$2.89B |
| Equity Capital | Q4 2021vs Q4 2020 | $395.9MM$319.7MM |
| Loan Loss Allowance | Q4 2021vs Q4 2020 | $19.7MM$17.3MM |
| Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $59.7MM$38.2MM |
| Real Estate Owned | Q4 2021vs Q4 2020 | $155.00K$0 |
