Connexus Credit Union Review 2022
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Connexus Credit Union could meet the needs of consumers looking for low-fee banking or an interest checking account with a fairly competitive yield.
- Free Checking
- Low Min Deposit
- Top CD Rates
Connexus Credit Union has branch locations in the Midwest but offers deposit products and financial services to consumers from coast to coast.
The credit union is easy to join for consumers outside of the Midwest region.
Minimum deposit requirements for the savings and checking accounts are either low or nonexistent.
No monthly service or maintenance fees are charged.
It offers a highly rated mobile app that includes bill pay, mobile check deposit and more.
Members don’t have many accounts to choose from within each product category.
The yields on savings accounts and money market accounts with a balance of less than $20,000 are modest.
Connexus Credit Union bank products
Connexus Credit Union savings overview
In addition to the basic savings account, youth savings and holiday club accounts are also available and pay the same yield.
No monthly fees are charged.
A low minimum deposit is needed to open the account and earn the listed APY.
The savings account yield is low compared to many other banks.
Connexus Credit Union has several branch locations in Ohio, Wisconsin and Minnesota. There are also more than 6,000 shared branches available to members and more than 54,000 surcharge-free ATMs accessible through the CO-OP and MoneyPass networks. Members needing assistance can reach out through the credit union’s online live chat or call 7 a.m. to 7 p.m. Central time, Monday-Wednesday and Friday; 9 a.m. to 7 p.m., Thursday; and 8 a.m. to 1 p.m., Saturday.
Connexus members have access to several different perks, including a free financial consultation through the Connexus Investment Services Group program. All members also qualify for $1,000 of accidental death and dismemberment insurance coverage. Other services include debt management planning, housing counseling and online courses about budgeting, credit scores and homebuying.
Another plus is the access members have to a highly rated mobile app. Mobile check deposit and bill pay are available. Members cannot use Zelle, but the credit union has its own person-to-person payment system, and there are no fees for sending or receiving payments. Payments are limited to 10 a day, up to a total of $1,500.
About Connexus Credit Union
Connexus Credit Union offers products and services to 390,000 members across the country. It’s headquartered in Wausau, Wisconsin, and was founded in 1935. The credit union operates a handful of Connexus branches in the Midwest, and members can also make transactions at more than 6,000 additional branches of other credit unions in its network.
Membership at Connexus depends on where you live or work and whether you’re associated with certain groups. Anyone who doesn’t live within one of the communities Connexus serves can join by becoming a member of the Connexus Association, a nonprofit provider of grants, scholarships and resources to promote financial literacy and education.
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.