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Serving the Towns of Guilford, Branford and North Branford
Connex Credit Union Celebrates 75th Anniversary
Posted on July 30th, 2015

Founded in 1940, credit union celebrates financial stability and commitment to its members and community

North Haven, Conn. (July 28, 2015) – From its humble beginnings in 1940 with just ten members, Connex Credit Union has grown to become one of Connecticut’s largest credit unions with approximately 49,000 members. The credit union reaches a new milestone as it celebrates its 75th anniversary this year.
 
Connex Credit Union was founded on July 31, 1940, and chartered as the New Haven Telephone Employees Federal Credit Union to serve employees and their families throughout greater New Haven. The company later changed its name to the Southern New England Financial Credit Union (SNEFCU). Throughout the mid-1990’s, the credit union expanded its affiliation to include more than 450 companies and organizations.
 
Until 2002, only employees of these select organizations and their families were allowed to become members. In December 2002, the credit union received approval to convert from a federal to community-based state charter, allowing anyone who lives, works, worships or attends school in New Haven, Hartford or Middlesex Counties to obtain membership.
 
The shift in charters brought about a new name, in 2003, as Southern New England Financial Credit Union was re-branded as “Connex” (pronounced “Connects”) to reflect the conversion to a community-based, state chartered credit union.
 
“The name change helped us communicate that it was no longer necessary to be an employee of SNET to be a member of Connex, said Frank Mancini, President and CEO, Connex Credit Union. “The name is an embodiment of our commitment to maintaining strong connections with our members and responding to all of their financial needs.”
 
Throughout its existence, Connex has been an industry leader in customer advocacy, charitable contributions and financial education. The trend continued this year through their second ConneXfactor financial fitness competition, numerous fiscal education workshops and ConnexCares, their philanthropic initiative designed to better the surrounding communities.
 
Connex was recently recognized with an honorable mention for the 2014 Desjardins Adult Financial Education Award, in the $150 million to $500 million asset range.  This award was distributed by the Credit Union National Association (CUNA) at the Governmental Affairs Conference (GAC), and was given to credit unions who showed the strongest efforts in educating adult members, and non-members, with vital personal finance skills. 
 
A celebration of Connex’s 75-year commitment to improving financial lives occurs in August as Connex hosts a member appreciation event at their flagship branch in North Haven.
 
Unlike traditional banks, Connex Credit Union is a not-for-profit financial cooperative that is owned by its members who elect its leadership through a board of directors. Profits are shared in the form of competitive loan and mortgage rates, manageable fees, and strong dividends and interest on deposits.
 
For more information on Connex Credit Union please visit www.connexcu.org.



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