Connexus Credit Union

Overview / Commentary
P.O. Box 8026
Wausau, WI 54402

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

Connexus Credit Union Restructures Money Market Account - 7/21/2021

Connexus Credit Union (easy membership requirement) has restructured its Money Market Account for new accounts effective 7/1/21. Existing accounts will change on 10/1/21.

Connexus Money Market Rate Decrease And Change In Terms - 7/2/2021

Connexus has 7/1 rate decrease for Money Market for new and old customers. For new customers, the MM account will no longer require active checking. However CSR said that for existing customers they won't get the requirement for active checking removed until 10/01/21. Unfortunately the website doesn't mention this later date for existing customers and the CU said that they will work on getting this fixed A.S.A.P.. I failed to ask the CSR if the later date was only for existing customers that already have a money market account or if all existing customers. 7/1/21 Money Market rates for all new customers and old customers with active checking. 1K to < 10K now 0.25% was 0.25% with active checking and 0.15% w/o 10K to < 20K now 0.25% was 0.45% with active checking and 0.25% w/o 20K to < 50K now 0.60% was 0.60% with active checking and 0.35% w/o 50K to<100K now 0.60% was 0.85% with active checking and 0.40% w/o 100K+ now 0.85% was 1.00% with active checking and 0.50% w/o Forg

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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

Better Savings Interest Rates And Friendly Service

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.

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.

Beware The Wording

Posted by: |

Connexus refers to ACTIVE CHECKING but that really means a REWARDS checking account requiring hoops such as 10 debit transactions.

Good rates, but could do a better job of clarifying these requirements.

Watch Out! Actual CD Yields Missleading

Posted by: |

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).



Health Grade Components

NCUA #66538
Year Chartered1935
Primary Regulator
Profit Margin
Return on Assets - YTD2.74%
Return on Equity - YTD26.23%
Annual Interest Income$111.7MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$3.58B$2.97B
LoansQ2 2021vs Q2 2020$3.07B$2.61B
DepositsQ2 2021vs Q2 2020$3.17B$2.62B
Equity CapitalQ2 2021vs Q2 2020$367.9MM$288.8MM
Loan Loss AllowanceQ2 2021vs Q2 2020$16.8MM$13.4MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$33.2MM$23.8MM
Real Estate OwnedQ2 2021vs Q2 2020$155.00K$0
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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

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

0.85%*$100k*-Money Market Account
OTHER TIERS: 0.25% $1k - $20k | 0.60% $20k - $100k

Connexus Credit Union Checking Account Rates

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

Connexus Credit Union CD Rates

1.06%$5k-60 Month Certificate
0.91%$5k-48 Month Certificate
0.81%$5k-36 Month Certificate
0.71%$5k-24 Month Certificate
0.61%$5k-12 Month Certificate

Connexus Credit Union IRA Rates

1.06%$5k-60 Month IRA Certificate
0.91%$5k-48 Month IRA Certificate
0.81%$5k-36 Month IRA Certificate
0.71%$5k-24 Month IRA Certificate
0.61%$5k-12 Month IRA Certificate


Wausau Area

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