Connexus Credit Union HE Loan Review

Credit union home equity loan with competitive rates and anyone-can-join membership. Independent Connexus Credit Union HE Loan review: 4.3/5 for home equity.

By Michael Hewitt, Founder & Editor-in-Chief. Rates last checked September 29, 2026.

Our verdict

Connexus brings credit union rates to borrowers without a military tie, since anyone can join: rates start at 6.89% (7.31% APR) on a 5-year term as of September 29, 2026, on loans from $5K up to 90% of home value. Closing costs run $175 to $2,000, and processing is slower than online lenders. Ask for the closing cost estimate early.

Skip it if you need the money fast, or if you want a loan with no closing costs.

About Connexus Credit Union HE Loan

Credit union home equity loan with competitive rates and anyone-can-join membership. Connexus Credit Union HE Loan is offered by Connexus Credit Union. Our editorial rating is 4.3 out of 5.

Best for: Non-military borrowers wanting credit union rates.

Editorial grade: A- (composite score 86/100).

Highlights

Rates from 6.89% (7.31% APR) on a 5-year term, as of September 29, 2026
Borrow from $5K, up to 90% of home value
Open membership: anyone can join

What we like

Competitive credit union rates
Open to anyone (not membership-restricted)
Terms of 5, 10 or 15 years

Where it falls short

Closing costs apply
Slower processing than online lenders

Fees, minimums, and rates

Monthly fee: $175–$2,000 closing costs. Minimum to open: $5,000. Current APY: 6.89%. Rates and fees last checked on September 29, 2026.

How we reviewed it

This is a desk review: we have not opened an account with Connexus Credit Union. It is built from Connexus Credit Union's published rates, fee schedule and terms and from the public complaint record, and compared with the other products in the Home Equity Loan shortlist. The rubric is the same for every brand.

Similar products to compare

Read our full editorial methodology for how we review products.