2021 Overview
General Credit Union Information
Finex is an NCUA insured institution located in East Hartford, CT. It was founded in 1938 and has approximately $109.89 millions in assets.
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 68662 |
| Date Established | 1938 |
| Assets | $109.89 million |
| Loans | $61.74 million |
| Deposits | $94.53 million |
| Capital | $8.99 million |
Field of Membership Restrictions
Deposit Rates - September 20, 2021
Your Current Location: Connecticut, CT 06828
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.05% | $2,500 | $4,999 |
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|
|
Money Market
|
0.10% | $2,500 | $2,999 |
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|
|
Money Market
|
0.10% | $10,000 | $14,999 |
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|
|
Money Market
|
0.15% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.25% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.25% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.30% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.30% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.30% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.30% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.35% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.35% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.45% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.45% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
0.55% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
0.55% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
0.65% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
0.65% | $100,000 | $199,999 |
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|
| Checking Rates | APY | MIN | FEE | |
|---|---|---|---|---|
| Axcess High Rate Rewards Checking | 1.51% | $0 | $6.00 | Learn More |
Loan Rates - September 20, 2021
Your Current Location: Connecticut, CT 06828
There are currently no loan rates available for FINEX
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Connecticut 30 Year Fixed Mortgage Rates 2021
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1907 |
2.808% | 2.750% | -0.25 | $1,875 | $1,021 | Learn More |
NMLS ID: 541760 |
2.811% | 2.750% | 0.75 | $1,988 | $1,021 | Learn More |
NMLS ID: 2890 License#: 13256 |
2.635% | 2.625% | 0.13 | $338 | $1,005 | Learn More |
NMLS ID: 330511 |
2.920% | 2.875% | 0.63 | $1,458 | $1,038 | Learn More |
|
NMLS ID: 541760 |
2.811% | 2.750% | 0.75 | $1,988 | $1,021 | Learn More |
Featured - Connecticut Home Equity Line Of Credit Rates 2021
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Bethpage Federal Credit Union See Table |
Intro APR 2.990 % After Intro: 3.750 % Intro Period: 12 months |
$25,000 |
Learn More
More Info |
BMO Harris Bank See Table |
Intro APR 1.790 % After Intro: 4.840 % Intro Period: 6 months |
$0 |
Learn More
More Info |
Third Federal Savings and Loan See Table |
2.240 %
|
$0 |
Learn More
More Info |
Note to FINEX
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are Finex branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Fairfield,Connecticut
Financial Details
Finex Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Finex. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Finex | U.S. Average |
|---|---|
| 4.96% | 4.38 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of March 31, 2021, Finex had $439,913 in non-current loans and $57,000 in owned assets. To cover these potential losses it had $8,985,716 in net worth and $1,027,457 in loans loss reserves. That gives it a Texas Ratio of 4.96%.
Net Worth
| Finex | U.S. Average |
|---|---|
| 8.17% | 12.20% |
Finex FCU has a net worth of 8.17% versus the BestCashCow average of 12.20. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Frequently Asked Questions About Finex
Branches and Savings
What is Finex?
A credit union, registered with the NCUA under certificate #68662.
Learn more about credit unions here.
Is Finex FDIC insured?
No, credit unions are not insured by the FDIC. Most, but not all, are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance. Finex is insured by the NCUA.
Who can join Finex?
Please see Field of Membership information above for information on who is eligible to join.
How big is Finex?
Finex has total capital of $8.99 million. Full information on Finex's financial position is located above.
Who owns Finex?
Credit Unions are owned by their members.
Where are Finex branches located?
See branch locations nearby.
Are Finex ATMs Open 24/7?
Do Finex ATMs accept cash deposits?
Can Finex customers use other ATMs? What is the charge for withdrawing money from another ATM?
Does Finex have a mobile app?
Does Finex have mobile deposit?
Does Finex have quick pay?
How can Finex transfer money to other banks or credit unions?
Does Finex report to credit bureaus?
Does Finex use Chexsystems?
Does Finex use Equifax?
What is Finex's toll free phone number?
What is Finex's ACH Routing Number?
What is Finex's SWIFT code?
Where can I find Finex's wire transfer form?
What is the Finex address for deposits?
What Products Does Finex Offer
Does Finex offer home equity lines of credit and home equity loans?
Compare home equity lines of credit rates here.
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