Connex Credit Union acquires Sargent Employees Federal Credit Union

NORTH HAVEN, CT (January 7, 2015) – Connex Credit Union, one of Connecticut’s largest credit unions, announced today that it has merged with New Haven-based Sargent Employees Federal Credit Union (SEFCU) with Connex Credit Union as the surviving entity. The transaction was completed January 2, 2015, and was approved by the National Credit Union Administration (NCUA), the State of Connecticut Department of Banking, and the members of SEFCU.

“We are committed to making the transition to Connex Credit Union as easy and seamless as possible for SEFCU members,” said Frank Mancini, President and CEO, Connex Credit Union. “SEFCU was looking for a credit union partner that would offer its members a deeper set of products and services. We’re confident that our new members will enjoy access to competitive loan products, online and mobile banking, investment and retirement services, and our member advocacy program.”

The merger now offers SEFCU members access to seven Connex branch locations throughout greater New Haven. The SEFCU office branch located at 100 Sargent Drive in New Haven will remain open until February 27, 2015. There are currently no plans to reopen this branch as a Connex Credit Union branch.

Founded in 1936, SEFCU has approximately 700 members and more than $3.4 million in assets. Connex Credit Union has approximately 49,000 members and more than $400 million in assets. Frank Mancini will continue to lead Connex Credit Union and the combined organization as President and CEO.

Mancini said SEFCU members have immediate access to Connex’s digital money management tools as well as the credit union’s member advocacy program. “We offer each of our members the opportunity to work with a financial advocate one-on-one so that we can better understand their goals, identify their financial needs, and develop a personal plan to improve their overall financial situation.”

Connex offers a full-line of personal savings, checking, and loan products, as well as free online banking, mobile banking, home equity lines of credit and other competitive products and services. Connex members enjoy the convenience of access to over 5,000 branches and 43,000 surcharge free ATMs nationwide through their partnership with national network providers.

For more information on Connex Credit Union and their services, please visit or call 1-800-CR-UNION.

About Connex Credit Union:
As the Unbank, Connex Credit Union is one of Connecticut’s largest credit unions serving more than 49,000 members at 7 branches throughout greater New Haven. Headquartered in North Haven, Connecticut, Connex is a full-service member-owned credit union that offers members a full-range of financial services and products, including savings and loans, Unbank Checking, Smart Score credit score range, free online and mobile banking and more. Membership is open to anyone who lives, works, attends school or worships in New Haven, Hartford or Middlesex Counties. Connex Credit Union helps guide and improve members’ financial lives through the Connex Advocacy Promises: We will always work in your best interest; we will work with you to understand your goals, identify your financial needs and provide solutions to improve your life; and we will be responsive to you and make your experience simpler, faster and friendlier. It’s time to Unbank! For more information, please call 1-800-CR-UNION or visit

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