Conexus Credit Union Financial Products and Security

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Conexus Credit Union offers a range of financial products to help you manage your money effectively. Their services include chequing and savings accounts, which can be opened online or in-branch.

Their chequing accounts come with features like debit cards, online banking, and mobile banking, making it easy to stay on top of your finances. You can also set up overdraft protection to avoid unnecessary fees.

Conexus Credit Union prioritizes security, with measures in place to protect your accounts and personal information. Their website and mobile app are encrypted to prevent unauthorized access.

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Q&A (7 Questions)

Conexus Credit Union offers a wide range of services, including loans, investments, and insurance.

They have a team of experienced financial advisors who can help you make informed decisions about your money.

Conexus Credit Union has over 80,000 members and over $4 billion in assets.

Their mobile banking app is user-friendly and allows you to manage your accounts, pay bills, and transfer funds on the go.

Conexus Credit Union has a strong commitment to community involvement and charitable giving.

You can access your accounts and make transactions 24/7 through their online banking platform.

Conexus Credit Union has a network of over 25 locations across Saskatchewan.

Financial Services

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Conexus Credit Union offers a range of financial services to its members, including banking, investments, and insurance.

Their banking services include chequing and savings accounts, personal loans, and mortgages. They also offer a mobile banking app for easy account management on the go.

Conexus Credit Union has a strong reputation for providing excellent customer service, with a team of knowledgeable and friendly staff available to assist with any financial needs.

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Other Services

Conexus Credit Union offers a wide range of services to cater to both personal and business financial needs.

For personal financial needs, Conexus Credit Union provides various loan options, including mortgages, QuickLine lines of credit, RRSP loans, and personal loans.

Conexus Credit Union also offers home equity lines of credit, known as Home Plus Plan, and education loans like STUDENTCHOICE.

A home equity line of credit, or HELOC, allows homeowners to borrow money using the equity in their home as collateral.

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If you're a student, you can apply for a STUDENTCHOICE education loan to help cover education-related expenses.

Conexus Credit Union also provides financing options for cars, including Dealer financing car loans.

Here's a list of some of the personal services offered by Conexus Credit Union:

  • Mortgages
  • QuickLine line of credit
  • RRSP QuickLine line of credit
  • RRSP loan
  • Lines of credit
  • Personal loan
  • Home Plus Plan (HELOC)
  • STUDENTCHOICE education loan
  • Dealer financing car loan

For business financial needs, Conexus Credit Union offers a variety of loan options, including term loans, Canadian Small Business Financing Loans, and Canadian Agriculture Loans Act (CALA) loans.

Businesses can also use Conexus Credit Union's QuickLoan service or apply for a line of credit.

If you're a farmer, you can take advantage of the Farm Transfer Program or apply for a Canadian Agriculture Loans Act (CALA) loan.

Conexus Credit Union also provides leasing options and letters of credit for businesses.

Here's a list of some of the business services offered by Conexus Credit Union:

  • Term loans
  • Canadian Small Business Financing Loans
  • Canadian Agriculture Loans Act (CALA)
  • Farm Transfer Program
  • Leasing
  • QuickLoan
  • Line of credit
  • Letter of credit
  • Blanket QuickLoan
  • Construction mortgages
  • Business owner-occupied mortgages
  • Investment mortgages

Annual Revenue

Conexus Credit Union's annual revenue was $217.5 million in 2025. This is a significant figure that highlights the financial strength of the credit union.

The high annual revenue of Conexus Credit Union demonstrates its ability to provide financial services to its members.

A revenue of $217.5 million in 2025 is a substantial amount that can be used to support various financial services and initiatives.

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What Is the NAICS Code?

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The NAICS code is a six-digit number that helps identify a business's industry classification. The code is used by the US Census Bureau to categorize businesses for statistical purposes.

Conexus Credit Union's NAICS codes are 522, 522130, 523, 52213, 5239, 52, 52393, and 5221. These codes are specific to the credit union's financial services industry.

NAICS codes are essential for businesses like Conexus Credit Union to report their economic data accurately.

How to Compare

When comparing financial services, it's essential to consider the mobile and online banking options available. Conexus Credit Union, for example, offers mobile and online banking, as do other credit unions like Affinity Credit Union.

Having access to mobile and online banking can be a game-changer, allowing you to manage your finances on the go. This is a feature that Affinity Credit Union and Conexus Credit Union both offer.

Deposits are also an important consideration. Fortunately, both Affinity Credit Union and Conexus Credit Union offer insured deposits, with Conexus Credit Union being insured by the Credit Union Deposit Guarantee Corporation.

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Here's a quick comparison of the credit unions mentioned:

This comparison highlights the importance of checking for insured deposits, especially if you're considering switching credit unions.

Security and Fees

Conexus Credit Union has a range of fees associated with their financial products and services.

If you're not careful, you might incur a non-sufficient funds fee of $45 for each instance. This fee can add up quickly if you're not keeping track of your account balance.

You'll also want to be aware of the one-year inactivity fee, which is $25. This fee is charged if your account remains inactive for a year, so make sure to use your account regularly to avoid it.

Here are some of the common fees you may encounter with Conexus Credit Union:

  • Non-sufficient funds: $45
  • One-year inactivity fee: $25
  • Overdraft items: $5 + 21% interest/year (rate may vary)
  • Transfer out fee for RRSP/RESP/RRIF/TFSA: $100
  • Closing membership within 180 days of opening accounts: $30

Cons

If you're considering Conexus Credit Union, it's essential to be aware of the potential drawbacks. Savings accounts offer lower interest rates compared to online banks.

This might be a concern for those looking to grow their savings quickly. In contrast, online banks often provide more competitive interest rates.

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Most branches are located in south Saskatchewan, which could be a limitation for those living in other parts of the province. This might make it more difficult to access services in person.

Conexus Credit Union only offers Mastercard credit cards, which may not be as widely accepted as other credit card brands. This could be a drawback for those who prefer a more universal credit card option.

Is My Money Secure?

Your money at Conexus Credit Union is 100% guaranteed by the Credit Union Deposit Guarantee Corporation. This means your deposits are fully covered, with no maximum amount.

Conexus Credit Union has high-security measures in place to protect your personal information and finances. They use 256-bit encryption, robust firewalls, automatic session time-outs, and continual monitoring.

You can also sign up for free real-time text alerts to help prevent fraudulent transactions on your credit card. This extra security feature can better protect your personal financial information.

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Fees

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Fees can be a real drag on your finances, and it's essential to know what you're getting into before signing up with a financial institution. Conexus Credit Union has its own set of fees that you should be aware of.

Non-sufficient funds fees are a common issue, and Conexus Credit Union charges $45 for each occurrence. This can add up quickly if you're not careful with your account balances.

One-year inactivity fees can also be a concern, as Conexus Credit Union charges $25 if your account remains inactive for a year. This is a relatively low fee, but it's still something to be aware of.

The cost of overdraft items can be steep, with Conexus Credit Union charging $5 plus 21% interest per year (which may vary). This can lead to a significant amount of extra charges if you're not careful.

Some fees are more one-time in nature, such as the transfer out fee for certain types of accounts, which Conexus Credit Union charges $100. This is a significant fee, so be sure to consider it before making any transfers.

Closing your membership within 180 days of opening accounts can also incur a fee, with Conexus Credit Union charging $30. This is a relatively low fee, but it's still something to be aware of if you're considering closing your accounts.

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Online Banking and Cards

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Conexus Credit Union offers online banking through its website and mobile app. You can log in using your member card debit number and password.

The mobile app is available for both iPhone and Android devices. With the app, you can check your account balances, pay bills, and transfer money between accounts. You can also manage scheduled payments and send and accept Interac e-transfers.

To make a deposit, you can use the mobile app to deposit a cheque. Additionally, you can use the app to find the nearest branch or ATM.

Chequing Accounts

If you're looking for a chequing account that won't break the bank, Conexus Credit Union has some great options.

Their Personal No-Fee Chequing Account charges no monthly or recurring fees and has no minimum balance requirement.

You'll have unlimited deposits, withdrawals, transfers, incoming Interac e-transfers, and bill payments, with up to 30 outgoing Interac e-transfers included. Additional e-transfers cost $1.50 each.

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For businesses, Conexus Credit Union offers a range of chequing accounts to suit your needs.

The Business Basic Chequing account costs $5 per month, plus pay-as-you-go fees for transactions.

Here's a breakdown of the Business package options:

These packages offer a range of features, including the ability to choose between print or digital monthly statements and access to a line of credit as needed.

Card Accounts

Conexus Credit Union offers a range of Mastercard credit card options.

You can choose from six different Mastercard credit cards, including a travel rewards card and a U.S. dollar card.

The Conexus Cash Back Mastercard is one of the options available, offering a cash back reward.

Conexus also offers a Centra Gold Mastercard and a Travel Rewards Gold Mastercard.

If you're a student, you can consider the Conexus Student Mastercard.

Conexus World Mastercard is another option available.

Here are some of the Conexus Mastercard options listed:

  • Conexus Cash Back Mastercard.
  • Conexus Centra Gold Mastercard.
  • Conexus Travel Rewards Gold Mastercard.
  • Conexus U.S. Dollar Mastercard.
  • Conexus World Mastercard.
  • Conexus Student Mastercard.

Business Mastercard credit cards at Conexus include low-interest and no-fee options.

Online Banking Capabilities

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Online banking capabilities have made our lives so much easier. Conexus Credit Union offers online banking from their website and mobile app, allowing members to manage their finances on the go.

You can log in to the online banking platform using your member card debit number and password, making it convenient to check your account balances. With just a few clicks, you can view your current balance, ensuring you're always on top of your finances.

The mobile app is available for both iPhone and Android devices, making it accessible to a wide range of users. This means you can manage your money from your smartphone or tablet, whether you're at home or on the go.

Through the mobile app, you can pay bills, transfer money between accounts, and even manage scheduled payments. You can also send and accept Interac e-transfers, making it easy to move money between friends or family members.

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Here are some of the key features of the Conexus mobile app:

  • Check account balances.
  • Pay bills.
  • Transfer money between accounts.
  • Manage scheduled payments.
  • Send and accept Interac e-transfers.
  • Find the nearest branch or ATM.
  • Deposit a cheque.

With online banking capabilities like these, it's no wonder that more and more people are ditching traditional banking methods in favor of digital solutions.

Investing and Growth

At Conexus Credit Union, investing and growth go hand-in-hand. You can start saving for life's moments with a Registered Retirement Savings Plan (RRSP), which allows you to save for retirement with tax-free growth.

Conexus offers a variety of investing options, including Tax-Free Savings Accounts (TFSAs), Registered Education Savings Plans (RESPs), and Registered Disability Savings Plans (RDSPs). These accounts provide flexible, tax-free growth to help you reach your goals faster.

To get started, you can explore Conexus' website or visit one of their branches to discuss your options with a financial advisor. With their help, you can create a personalized plan to achieve your financial goals.

Some popular investing options at Conexus include:

  • Tax-free savings accounts (TFSAs)
  • Registered retirement savings plans (RRSPs)
  • Registered education savings plans (RESPs)
  • Registered retirement income fund (RRIF)
  • Registered disability savings plan (RDSP)
  • First home savings accounts (FHSAs)
  • Term deposits
  • U.S. dollar term deposits
  • Market-linked guaranteed investment certificates (GICs)
  • Stocks, bonds, exchange-traded funds (ETFs) and mutual funds

Investing Accounts

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Investing with Conexus Credit Union offers a wide range of options to suit your needs.

Conexus Credit Union provides various investing accounts, including Tax-free savings accounts (TFSAs), Registered retirement savings plans (RRSPs), and Registered education savings plans (RESPs).

You can also invest in Registered disability savings plans (RDSPs), First home savings accounts (FHSAs), and Term deposits, including U.S. dollar term deposits.

Market-linked guaranteed investment certificates (GICs) and Stocks, bonds, exchange-traded funds (ETFs), and mutual funds are also available.

Here are some key features of Conexus Credit Union's investing accounts:

Conexus Credit Union also offers a variety of investment options, including Stocks, bonds, exchange-traded funds (ETFs), and mutual funds, which can be a great way to diversify your portfolio.

By investing with Conexus Credit Union, you can take control of your financial future and achieve your long-term goals.

CD Rates

Connexus Credit Union offers competitive CD rates that vary depending on the term of the certificate.

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You can earn 0.55% interest for a 12-month CD, which is a relatively short-term option.

A 24-month CD will get you 0.65% interest, a slight increase from the 12-month option.

For a longer commitment, you can opt for a 36-month CD and earn 0.75% interest.

If you're willing to lock in your money for 48 months, you can earn 0.85% interest, a decent return for a medium-term investment.

The longest term option offered by Connexus Credit Union is a 60-month CD, which yields 1% interest.

To open a CD at Connexus Credit Union, you'll need to deposit at least $5,000.

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Frequently Asked Questions

Who owns Conexus Credit Union?

Conexus Credit Union is owned by its members, a cooperative with over 80 years of history. Our members are at the heart of everything we do, driving our mission to champion their success.

Is Connexus a real credit union?

Yes, Connexus Credit Union is a legitimate online credit union with physical branches in the Midwest and access to a vast network of shared branches and ATMs nationwide. It's a member-owned financial institution with a strong presence in the region.

Timothy Gutkowski-Stoltenberg

Senior Writer

Timothy Gutkowski-Stoltenberg is a seasoned writer with a passion for crafting engaging content. With a keen eye for detail and a knack for storytelling, he has established himself as a versatile and reliable voice in the industry. His writing portfolio showcases a breadth of expertise, with a particular focus on the freight market trends.

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