Connexus Credit Union

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

Connexus Credit Union is headquartered in Wausau and is the 3rd largest credit union in the state of Wisconsin. It is also the 63rd largest credit union in the nation. It was established in 1935 and as of December of 2022, it had grown to 685 employees and 411,816 members at 15 locations. Connexus Credit Union's money market rates are 11X 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 Offering 2 Certificates Above 5% APY...Also Available As IRAs - 5/4/2023

Easy membership. 12-month Certificate/IRA ($100K minimum)         5.16% APY 15-month Special Certificate/IRA ($5K minimum) 5.05% APY Share Certificates IRA Certificates

Connexus Squeeks Up Another .10% On 15 Month Certificate - 3/23/2023

Connexus CU adjusted 15 month certificate upward to 4.95%. It's up...about all to say...not 5% though so coming up short in comparison to many other FI's.

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+).

View all posts from:

8/19/20 - Connexus Credit Union Cuts CD Rates - No Longer A Rate Leader In 60 Months (Nationwide)
8/12/20 - Connexus Credit Union's 60-Month CD Is Rate Leader
3/16/20 - Connexus Credit Union - Opening CD Rates 3/16/20
3/4/20 - Connexus CU Cuts CD Rates By 0.25%
1/7/20 - Connexus Offers $250 Bonus With A New Xtraordinary Checking Account
1/5/20 - $250 Bonus Until 2/17/20 For Opening Xtraordinary Checking Account ($2K Debit Spend In 6 Mo)
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

Great Experience

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.

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.

Texas Ratio Trend C+

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

Warnings About Connexus Before You Use Them

Posted by: |

WARNINGS about Connexus: Read them before you go with them.
(1) Any CD penalty for early withdrawal CAN eat into the principal.
(2) You cannot ACH from their end, it must be initiated from the other bank's end.
(3) They will sit and ignore your request if it's in their interest to do so (and then complete it wrong in the end anyway). Wanted to move some IRA money from them to another institution. Once the FAX arrived from the other bank with the request, I was told they need 3-5 days to process it. However 9 days afterwards they still hadn't done anything so I had to call and get them to do their job. Otherwise it would've just sat there forever. Not only that, but the request was done wrong. On the request form, the "Completely Close" box was NOT checked. Instead, the "Keep Open but Send this amount" box was checked. Didn't matter. The guy who finally did it simply closed the account completely and sent everything to the other bank. Sent me the receipt only AFTER doing it wrong, once it was too late to stop it.
(4) Closing a CD (especially early) is a huge pain, and requires CSR #1 to transfer you to CSR Dept #2, who then needs to request it from Dept #3, who then needs to send you forms to sign, etc. A lot more hoops and hassle than other places.
(5) Phone CSRs will not be able to help you with anything other than generic stuff. If you need help with an IRA or HSA, it can sometimes be impossible to get ahold of the right department, and waiting for a "call back" that may never come, is the only option. Keep trying.

Sometimes Connexus has okay CD specials, but usually not the very best.

Their HSA Savings rates usually are the best for liquid HSA accounts (2% for over 15k currently), but note that if you don't need your HSA funds liquid, you can earn more money elsewhere with your HSA funds (Interior FCU, open to all, lets you open HSA CDs at their current CD rates -- currently 4.39% for a 2yr HSA CD -- with no fee. Or, if you want investments, Fidelity will let you invest your HSA funds in stocks/bonds, etc).

Basically, I'd only recommend them if they had a spectacular CD deal, or if you need your HSA money liquid and available. A lot of things are a real hassle with them.



Health Grade Components

NCUA #66538
Year Chartered1935
Primary Regulator
Profit Margin
Return on Assets - YTD0.86%
Return on Equity - YTD8.94%
Annual Interest Income$309.9MM
Assets and Liabilities
AssetsQ4 2022vs Q4 2021$5.26B$3.88B
LoansQ4 2022vs Q4 2021$4.64B$3.40B
DepositsQ4 2022vs Q4 2021$4.60B$3.46B
Equity CapitalQ4 2022vs Q4 2021$502.3MM$395.9MM
Loan Loss AllowanceQ4 2022vs Q4 2021$33.6MM$19.7MM
Unbacked Noncurrent LoansQ4 2022vs Q4 2021$121.5MM$59.7MM
Real Estate OwnedQ4 2022vs Q4 2021$0$155.00K
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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

Connexus Credit Union Money Market Rates

4.76%*$1m*-Money Market Account
OTHER TIERS: 0.25% $1k - $20k | 3.01% $20k - $100k | 4.01% $100k+ | 4.26% $250k - $500k | 4.51% $500k - $1m

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

5.26%$100k-12 Month Jumbo Certificate
5.05%$5k-15 Month Certificate Special
5.01%$5k-12 Month Certificate
4.76%$100k-24 Month Jumbo Certificate
4.51%$5k-24 Month Certificate
4.36%$100k-36 Month Jumbo Certificate
4.31%$5k-24 Month Bump-Up Certificate
4.26%$100k-48 Month Jumbo Certificate
4.16%$100k-60 Month Jumbo Certificate
4.11%$5k-36 Month Certificate
4.01%$5k-48 Month Certificate
3.91%$5k-60 Month Certificate

Connexus Credit Union IRA Rates

5.26%$100k-12 Month Jumbo IRA
5.05%$5k-15 Month IRA Special
5.01%$5k-12 Month IRA
4.76%$100k-24 Month Jumbo IRA
4.51%$5k-24 Month IRA
4.36%$100k-36 Month Jumbo IRA
4.31%$5k-24 Month Bump-Up IRA
4.26%$100k-48 Month Jumbo IRA
4.16%$100k-60 Month Jumbo IRA
4.11%$5k-36 Month IRA
4.01%$5k-48 Month IRA
3.91%$5k-60 Month IRA


Wausau Area

Interactive local rates map

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