Member Products & Services
LOANS
Auto Loans
Connex Credit Union finances both new and used cars directly or through our Dealer Connex Program. Both options offer:
- Low rates - save money with fixed and variable rate options available.
- Convenient and flexible repayment terms for new and used vehicles.
- Up to 100% financing available.
- Peace of mind with Guaranteed Asset Protection (GAP insurance) at a low cost.
- Save time with our quick decisions to make the process easy.
- Payment protection plans available.
- Pre-approval certificates to ensure you get a comfortable loan amount... before you even start shopping.
One Stop Auto Loan Shopping
Save yourself a trip to our office for your vehicle loan. Our Dealer Connex Program lets you apply for your Connex Credit Union auto loan right at participating dealerships. We've teamed up with these select dealerships to provide Connex Credit Union auto loan financing for both current and eligible members*. Click here for a list of local participating dealers.
*Membership is open to anyone who lives, works, attends school, or worships in New Haven County, Hartford County, or Middlesex County.
Recreational Vehicle Loans
Check with us for financing your recreational vehicles
- Motor Homes
- Boats
- Motorcycles
- Terms up to 10 years.
Apply for a Recreational Vehicle Loan
Equity Loans
At Connex Credit Union you will find the equity product you need to make your greatest asset - your home - work for you.
Home Equity Line of Credit
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Need to make home improvements, consolidate debt, pay college tuition or even purchase a new automobile? Consider a revolving line of credit using your home's equity.
And you'll get fast turn-around time on your Home Equity application. |
Please note: In order to process your Home Equity Line of Credit Application as soon as possible, the following documents will be required in addition to your completed application:
- Copies of two (2) of your most recent paystubs (applicant and co-applicant, if applicable). If self-employed or if salary is based on commissions, last two years' federal tax returns, including all schedules.
- Proof of ownership (i.e. copy of property tax bill).
- Recent statement from current mortgage holder showing balance and monthly payment.
- If the proceeds are to be used for debt consolidation, please list on a separate sheet of paper: creditor, account #, and dollar amount to be paid.
If you have any questions or need further information please contact us at 1-800-CR-UNION.
Apply for a Home Equity Line of Credit
Fixed Rate Home Equity Loan
If you prefer a fixed rate, now you can borrow up to 80% of the equity in your home, up to a maximum of $300,000. These loans are fixed rate loans which means that your rate and monthly payment will not change for the entire term of your loan.
- No Points, application fees or closing costs.
- Fixed rate,* multiple terms available.
Please note: In order to process your Home Equity Loan Application as soon as possible, the following documents will be required in addition to your completed application:
- Copies of two (2) of your most recent paystubs (applicant and co-applicant, if applicable). If self-employed or if salary is based on commissions, last two years' federal tax returns, including all schedules.
- Proof of ownership (i.e. copy of property tax bill).
- Recent statement from current mortgage holder showing balance and monthly payment.
- If the proceeds are to be used for debt consolidation, please list on a separate sheet of paper: creditor, account #, and dollar amount to be paid.
Take advantage of the equity in your home and the potential tax benefits of a Home Equity Loan. Call 1-800-CR-UNION and talk to one of our Loan Professionals for additional information and current rates.
Reverse Mortgage Solution
A Reverse Mortgage is a loan that allows homeowners to tap into the equity in their homes. The funds from a Reverse Mortgage can be used for anything: daily living expenses, home repairs or modifications, health care expenses, to pay off existing debt, and other needs. Reverse mortgages are especially attractive to homeowners who have retired and no longer have sufficient income to qualify for traditional home equity loans.
At Connex Credit Union, we've developed a Home Equity product that answers the needs of members who want the cash flow potential of a Reverse Mortgage, without the high fees. Our Equity Solution allows members to establish a line of credit, using their home's equity as collateral, with no points, closing costs, or servicing fees. And, there are no income qualifications.
If you or your family members have considered a Reverse Mortgage, our Equity Solution product can provide a viable alternative.
In addition, Connex Credit Union is pleased to announce a new service available to our senior members that offers a government-insured Reverse Mortgage to any homeowner, age 62 or older, with equity in their home. A Reverse Mortgage can reduce your monthly expenses and subsidize your monthly income.
Since your home is probably your largest single investment, it is important that homeowners consider their plans carefully and get appropriate advice from an attorney, accountant or other reliable professional source before making decisions. We suggest also visiting the AARP website to review articles regarding reverse mortgages and to see how Connex Credit Union's "Equity Solution" product compares.
To take advantage of the equity in your home, contact one of our qualified Mortgage Specialists today and learn more about this exciting opportunity with no obligation. Call toll-free 1-800-CR-UNION, ext. 5720, or 203-603-5720.
Personal Loans
Personal/Signature Loan
Whether you need to consolidate credit card debt, pay off holiday bills, pay your taxes, buy gifts for special occasions, or take the family on vacation, our Personal Loan is ready for you. This loan features:
- 24 and 48-month terms
- Up to $10,000 maximum
- Competitive Fixed Rates
- Tuition Assistance (for parents)
- Low-cost payment protection available
- Easy process - apply online 24 hours a day, 7 days a week, visit any branch office, or call 1-800-CR-UNION to speak to a Loan Officer
Apply for a Personal / Signature Loan
Overdraft Plus Line of Credit
Our variable-rate Overdraft Plus Line of Credit will protect you from the embarrassment and expense of bounced checks, while allowing easy access to a line of credit for purchases and cash.
- Credit line up to $5,000 is available.
- Minimum monthly payment is 2 1/2% of outstanding balance or $50, whichever is less.
- Receive a bill reminder each month with your payment information.
Apply for your Overdraft Plus Line of Credit by phone at 1-800-CR-UNION or online. If you currently have an Overdraft Line of Credit and would like to convert to our new Overdraft Plus Line of Credit, please call a Member Service Representative for assistance.
Apply for an Overdraft Line of Credit
Secured Loans
Borrow against your own savings for any of your borrowing needs. It's a great way to put your outstanding investments to work for you!
Stock Secured Loan
- Borrow up to 75% of the value of your stock.
- Stock Certificate will be held as collateral until your loan is paid in full.
Share Secured Loan
- Secured by your Savings account.
- Borrow up to 100% of your available savings (if qualified).
- Terms up to 60 months.
- Loans start at $500.
Certificate Secured Loan
- Secured by your Share Certificate.
- Borrow up to 100% of your certificate.
