Dec, 31, 2023 — CONNEXUS CREDIT UNION is a federally insured state chartered credit union headquartered in WAUSAU, WI with 15 branch locations and about $5.30 billion in total assets. Opened 89 years ago in 1935, CONNEXUS CREDIT UNION has about 468,325 members and employs 733 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CONNEXUS CREDIT UNION |
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Address: (Main Office) | 1 Corporate Dr Ste 102 WAUSAU, WI 54401 |
Phone: | (800) 845-5025 |
Fax: | |
Website: | https://www.connexuscu.org |
Branches: | 15 branch locations |
Members: | 468,325 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66538 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $5,303,334,414 |
CEO/Manager: | Boyd Gustke |
Chairperson: | Alita Lobner |
ASSETS: | $ Amount |
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Cash & Equivalents | 386,249,108 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 14,950,360 |
Real Estate Loans | 495,531,850 |
Unsecured Loans | 740,560,848 |
Other Loans | 3,454,001,116 |
TOTAL LOANS | 4,690,093,814 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -115,657,015 |
Land And Building | 34,487,168 |
Other Fixed Assets | 5,464,549 |
NCUSIF Deposit | 40,638,351 |
All Other Assets | 3,206,419 |
TOTAL ASSETS | 5,303,334,414 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 199,215 |
Notes & Interest Payable | 10,000,000 |
Accounts Payable & Other Liabilities | 50,692,135 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 307,688,161 |
Regular shares | 420,170,977 |
All Other Shares & Deposits | 4,069,029,854 |
TOTAL SHARES & DEPOSITS | 4,796,888,992 |
TOTAL LIABILITIES | 4,857,805,031 |
Regular Reserve | 0 |
Other Reserves | 176,011,690 |
Undivided Earnings | 269,517,693 |
TOTAL EQUITY | 445,529,383 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,303,334,414 |
INCOME & EXPENSE | |
Loan Income | 339,072,149 |
Investment Income | 22,140,043 |
Other Income | 2,993,727 |
Total Employee Compensation & Benefits | 75,986,938 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 88,895,171 |
Non-operating Income & (Expense) | -449,673 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 62,954,393 |
Cost of Funds | 152,963,517 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 11,728,380 |
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