Connexus Credit Union was founded in Over the years we have changed names and merged with other credit unions but our dedication to our members has remained the same. There are many ways to become a member of Connexus Credit Union. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
While we adhere to strict editorial integrity , this post may contain references to products from our partners. Here's an explanation for how we make money. Founded in , Bankrate has a long track record of helping people make smart financial choices. All of our content is authored by highly qualified professionals and edited by subject matter experts , who ensure everything we publish is objective, accurate and trustworthy.
Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. We maintain a firewall between our advertisers and our editorial team.
Our editorial team does not receive direct compensation from our advertisers. Our goal is to give you the best advice to help you make smart personal finance decisions. When you first open an account at a credit union, you make a small deposit.
As a shareholder, you officially own a part of your credit union, which gives you access to the benefits listed below. You also have the opportunity to vote on special resolutions or key policy decisions at annual general meetings. Partnerships with local charities and small businesses also provide plenty of opportunity to contribute to initiatives in your community.
In order to explain what these requirements are, though, you should understand why credit unions have membership requirements in the first place. Credit unions were first formed to provide safe financial services to groups that banks could or would not serve. As the credit union movement spread through the United States, though, communities formed credit unions for members with a common bond, like living in the same town, belonging to the same church or having membership in the same labor union.
However, most credit unions these days have a Community Charter. This means that credit union membership is open to everyone who lives in a specific geographic location, usually a city or county.
If you live in Rochester , almost all the credit unions have community charters.
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