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 Connex Credit Union
first
credit union to receive state investmentsNorth Haven, Conn.-October 18, 2006 The Office of the Connecticut State Treasurer announced that Connex Credit Union is the first credit union to receive state investments through the Community Bank and Credit Union Initiative. State Treasurer Denise L. Nappier said that the Treasury's six month old Connecticut Community Bank and Credit Union Initiative has now invested $35 million in seven local financial institutions with branches in 28 Connecticut towns and cities. Napier also states that "These local financial institutions are a vital part of the communities they serve. Credit unions focus on the needs of local families and businesses, issuing loans, supporting local charitable activities, and utilizing local based decision making for business loans." Connex Credit Union was the first credit union to be a successful bidder during the bidding conducted on September 7, 2006. About Connex Credit Union Connex Credit Union is the 6th largest credit union in the state of Connecticut, with over $280 million in assets. For more information call 1-800-CR-UNION or visit their website at www.connexcu.com. |
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