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.
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
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.
I chose Connexus because of it offers higher interest rates on savings accounts compared with others. Connexus has also given me friendly and helpful service. It took me a while to make a connection with someone in the IRA section, but once I contacted Cathy, she was friendly and helpful. It was a pleasure working with her. I'm happy that I found Connexus.
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.
While the CD rates look attractive, there are some big downsides here. Funds into and out of CDs get charged a $20 fee both ways or you have the choice of paper checks by snail mail or an ACH transfer policy akin to many South American countries monetary policies (money can come in, but not out) - unlimited ACH's in but only 5k a day and 25k a month out (and through an addtional separate account).
Overall | |
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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 |
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 | |
---|---|---|---|---|---|
1.11%* | $100k* | - | Money Market Account | ||
OTHER TIERS: 0.25% → $1k - $20k | 1.00% → $20k - $100k |
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+ |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
3.21% | $5k | - | 60 Month Certificate | |
3.11% | $5k | - | 48 Month Certificate | |
3.01% | $5k | - | 36 Month Certificate | |
2.86% | $5k | - | 24 Month Certificate | |
2.26% | $5k | - | 12 Month Certificate |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
3.21% | $5k | - | 60 Month IRA | |
3.11% | $5k | - | 48 Month IRA | |
3.01% | $5k | - | 36 Month IRA | |
2.86% | $5k | - | 24 Month IRA | |
2.26% | $5k | - | 12 Month IRA |