Connexus Credit Union

Connexus Credit Union

Credit union providing deposits and loans

Overview

Connexus Credit Union is a member-owned, not-for-profit financial cooperative that serves more than 430,000 members across the United States. It provides everyday banking services such as deposits and loans with high yields on savings, competitive loan rates, and minimal fees, all delivered through branches and digital channels. The product experience centers on member ownership and service quality, including a digital future and widespread accessibility. The company differentiates itself from competitors by its not-for-profit, member-owned structure, strong emphasis on transparent, values-driven culture, and community giving through the Connexus Cares philanthropic program, along with recognition from independent outlets for its service. Its goal is to be nationally relevant and trusted, offering exceptional experiences and promoting prosperity for members and communities while maintaining trust and support at every touchpoint.

About Connexus Credit Union

Simplify's Rating
Why Connexus Credit Union is rated
C
Rated C on Competitive Edge
Rated C on Growth Potential
Rated C on Differentiation

Industries

Consumer Software

Financial Services

Company Size

201-500

Company Stage

N/A

Total Funding

N/A

Headquarters

Wausau, Wisconsin

Founded

1935

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Simplify's Take

What believers are saying

  • Chad Rogers becomes permanent CEO with 30 years driving innovation.
  • David Becker joins board in 2026 with three decades fintech experience.
  • Appoints Adam Keer as chief institutional lending officer.

What critics are saying

  • Chad Rogers remains interim CEO 18 months post-Gustke retirement.
  • Lays off 16 Wausau employees in November 2024 amid transitions.
  • Five C-suite changes in 12 months signal retention failures.

What makes Connexus Credit Union unique

  • Partners with Elan Financial Services for Everyday Rewards+ credit card bonuses.
  • Appoints Akin Agar as CTO with 20+ years in financial tech security.
  • Hires Casey Nichols from Bank of America as Chief HR Officer.

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Benefits

20 days of paid time off

10 paid holidays

16 hours of paid Volunteer Time Off

401K Retirement with up to 6% employer match

Excellent Health, Dental, Vision insurance, including multiple plan options

Health Savings Account with generous employer contributions

Employer paid Life insurance, Short-Term and Long-Term Disability

Tuition Reimbursement from $4,000 - $7,000 per calendar year

Robust Learning and Development program that includes an annual professional development stipend

Company News

CUInsight
Oct 28th, 2024
CEO to retire from Connexus CU in Wisconsin

Boyd Gustke will retire from his post as president and CEO of Connexus Credit Union effective Nov 15.

Credit Union Times
Oct 10th, 2024
Connexus CU Hires New Chief HR Officer From BofA

The $4.8 billion, Wausau, Wis.-based Connexus Credit Union hired Casey Nichols as chief human resources officer.

Gray Media
Sep 14th, 2024
Wausau bank to lay off 16 people in November

WAUSAU, Wis. (WSAW) - The Wisconsin Department of Workforce Development announced on Friday that Connexus Credit Union plans to permanently lay off 16 employees from its Wausau office.

Forbes
Jul 4th, 2024
Connexus Credit Union Everyday Rewards+ Credit Card Review 2024

Connexus has partnered with Elan Financial Services to offer several rewards credit cards-with the Everyday Rewards+ card offering spending bonuses in categories such as restaurants, grocery stores and streaming services.

BetaKit
May 23rd, 2024
Conexus VC launches $30M fund for startups

Conexus Venture Capital (CVC) has launched its second $30 million CAD fund, with a $15 million first close from Conexus Credit Union (CCU). The Regina-based VC firm aims to invest in early-stage Saskatchewan tech startups, building on its first fund and the CCU-founded incubator Cultivator. Despite challenging market conditions, CVC managing director Jordan McFarlen expressed confidence in the local ecosystem and hopes to boost Saskatchewan's VC funding, which dipped to $37 million last year.

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