Sep, 30, 2025 — CONNECTION CREDIT UNION is a federally insured state chartered credit union headquartered in SILVERDALE, WA with 2 branch locations and about $38.41 million in total assets. Opened 68 years ago in 1958, CONNECTION CREDIT UNION has about 3,363 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CONNECTION CREDIT UNION |
|---|---|
| Address: (Main Office) | 10200 Silverdale Way NW SILVERDALE, WA 98383 |
| Phone: | (360) 307-6400 |
| Fax: | (360) 307-6440 |
| Website: | https://www.connectioncu.org |
| Branches: | 2 branch locations |
| Members: | 3,363 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68254 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $38,411,103 |
| CEO/Manager: | Scott Prior |
| Chairperson: | Douglas Bear |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,980,469 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 13,056,297 |
| Unsecured Loans | 1,620,937 |
| Other Loans | 9,922,809 |
| TOTAL LOANS | 24,600,043 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -218,977 |
| Land And Building | 934,484 |
| Other Fixed Assets | 84,707 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 335,574 |
| All Other Assets | 31,476 |
| TOTAL ASSETS | 38,411,103 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 36 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 198,803 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,563,537 |
| Regular shares | 17,620,866 |
| All Other Shares & Deposits | 7,895,290 |
| TOTAL SHARES & DEPOSITS | 33,079,693 |
| TOTAL LIABILITIES | 33,278,532 |
| Regular Reserve | 0 |
| Other Reserves | 29,252 |
| Undivided Earnings | 5,103,319 |
| TOTAL EQUITY | 5,132,571 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 38,411,103 |
| INCOME & EXPENSE | |
| Loan Income | 1,276,152 |
| Investment Income | 313,748 |
| Other Income | 83,753 |
| Total Employee Compensation & Benefits | 858,538 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 616,891 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 50,829 |
| Cost of Funds | 197,275 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 93,899 |
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