The Unbank has Teamed Up with the CT Food Bank!

Free Workshop: How Teens Can Save For Their Futures

WOW! Share Certificate Specials

Start on the path toward your savings goals today! Open a 26- month Share Certificate at 2.05% APY* with Your Choice Checking or choose a 20-month Share Certificate at 1.55% APY* with Your Choice Checking.

Click here to open a Share Certificate today, stop by the nearest branch or call 1-800-CR-UNION to speak to a Connex Member Service Representative.

*APY = Annual Percentage Yield. Rates effective October 19, 2009 and are subject to expire at any time. 20-month Share Certificate has an APY of 1.55% without Your Choice Checking. 26-month Share Certificate has an APY of 1.80% without Your Choice Checking. $500 minimum deposit. Maximum deposit of $250,000. A penalty will be imposed for early withdrawal. May not be combined with other offers. Your Choice Checking requires full Direct Deposit or a $5 monthly fee is imposed.

A message from President John Edwards: We’re safe and sound

A message from President John Edwards: We’re safe and sound

If you’ve heard the news recently, then you’re probably aware there has been a great deal of speculation about financial institutions and their stability. There’s no denying that we’re in economically challenging times; which is why I wanted to take a moment to assure you that you’re a member of a financially strong, well-capitalized institution.

As a member-owned institution, we’re committed to managing our members’ funds wisely. As we always have been, Connex Credit Union is vigilant about reviewing our lending practices to ensure we’re making sound lending decisions and maintaining a well-balanced portfolio. It’s also why Connex never originated “sub-prime” loans. These types of loans are risky lending propositions, as has come to light over the last several months.

Our capital ratio is, and always has been, well over the National Credit Union Association’s (NCUA) definition for well capitalized, meaning we have the funds necessary to support long-term, future growth.

We’re also constantly evaluating our business operations to ensure Connex remains safe and sound. As a NCUA insured and Connecticut chartered credit union, Connex is reviewed annually by both the Connecticut Department of Banking and the NCUA. We received high marks on our September 2007 review in all areas including: capital adequacy, asset quality, management expertise, earnings strength, and liquidity.

We invite you to review our annual financial reports anytime by visiting www.connexcu.org.  You can also track our progress quarterly by visiting ncua.gov, clicking on the “Credit Union Data” link, and entering “Connex.” The NCUA site provides Connex financial reports back to June 1990.

In case you’re wondering about your share accounts (deposits) at Connex, I want to remind you that they’re insured through the National Credit Union Share Insurance Fund (NCUSIF). The NCUSIF, which is backed by the full faith and credit of the U.S. government. Each individual account holder is insured up to $100,000 for standard share accounts (checking, savings, instant access, and certificate accounts) or up to $250,000 for retirement accounts. There are ways to increase your insurance coverage, and we invite you to visit connexcu.org to learn more. If you have deposits at federally insured banks, they are most likely insured by the FDIC, which works essentially the same as the NCUSIF. 

On behalf of all of us here at Connex Credit Union, we’re committed to helping you through these difficult economic times and ensuring that your credit union remains financially healthy and fiscally strong. If you would like any additional information or have any questions, please give us a call at 800.CRUNION.

 

Thank you for your continued membership.

Congratulations to our contest winners!

 We received over 175 entries in our Youth Account Naming Contest!

 

Congratulations to the winners:

 

Joanne Palumbo won for the 0-12 age group entry “Smart Start.” Joanne selected a $100 MasterCard Gift Card.

                 

For our 13-18 age group we had two members submit the winning name “Teen Green.” Tom D’Amato chose a $50 American Express Gift Card and Stacey Hobson selected a $50 TJ Maxx Gift Card.

                      

 Thanks to everyone who participated.

 

Our Smart Start and Teen Green Programs are coming soon with new ways to save and better ways for young people to manage their money.

 

Win $10k and improve your financial life

Would $10,000 help your financial situation?  

It’s the beginning of the year and you’ve got big plans for making a difference in your financial life in 2008. Now is your time to shine… and Connex Credit Union is going to help. In fact, we’re going to make you a savings star.

Our Savings Challenge 2008 is seeking four families who are willing to challenge themselves to become better savers and improve their financial futures. You don’t have to be a member to participate
 

The challenge will be documented on News Channel 8 throughout the year. The Savings Challenge winners will earn $10,000!

If you’re interested in this challenge of a lifetime, click here. Put on your shades, you’re going to be a savings star!

$20,000 for a holiday drink?

New Year’s Eve is a big night for partying, which for many means drinking festive alcoholic beverages. Be smart about your holiday indulgences because that last drink could cost you $20,000.  

Tragic accident is a reminder

Yesterday, I went to our temporary Hamden branch, located in the former town hall building, to give the staff a brief presentation. While I was waiting for them to close up for the day, I noticed a stack of postcards on display that I hadn’t seen before.

The postcards were brought by the mother of young woman, Janeé Wallace, who was killed in a car accident Nov. 3, 2006. Janeé was a 16-year-old honor student at Hamden High School when the driver in the car she was traveling in on Interstate 91 lost control and crossed the median divider. The car was hit by another vehicle traveling northbound and sheered in half. What caused this fatal accident?

A small army of stuffed bears

Their furry heads were peaking out of the box when the courier delivered it. There were eight of them, with bright red t-shirts that say “I love you” on the front. They were a small army huddled together hoping for their chance to complete their mission. As they sat eagerly awaiting their assignments (each would be sent to one of our branches) on my desk, many co-workers passed by and commented on the bears… How cute is their expression! How soft and cuddly they are! Why do you have so many new friends! What’s with all the bears?

They are for children in Connecticut who will need them, I respond.