Sep, 30, 2025 — CONNEX CREDIT UNION is a federally insured state chartered credit union headquartered in NORTH HAVEN, CT with 8 branch locations and about $1.05 billion in total assets. Opened 86 years ago in 1940, CONNEX CREDIT UNION has about 75,152 members and employs 157 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CONNEX CREDIT UNION |
|---|---|
| Address: (Main Office) | PO Box 477 NORTH HAVEN, CT 06473-0477 |
| Phone: | (800) 278-6466 |
| Fax: | (203) 239-0434 |
| Website: | https://www.connexcu.org |
| Branches: | 8 branch locations |
| Members: | 75,152 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68511 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,050,308,099 |
| CEO/Manager: | Francesco Mancini |
| Chairperson: | Corey Stone |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 36,763,979 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 421,532,154 |
| Unsecured Loans | 19,209,388 |
| Other Loans | 419,846,571 |
| TOTAL LOANS | 903,865,244 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,299,862 |
| Land And Building | 12,384,219 |
| Other Fixed Assets | 2,540,113 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 7,935,025 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,050,308,099 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 29,990 |
| Notes & Interest Payable | 76,700,000 |
| Accounts Payable & Other Liabilities | 5,873,976 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 121,168,695 |
| Regular shares | 182,302,598 |
| All Other Shares & Deposits | 569,459,388 |
| TOTAL SHARES & DEPOSITS | 872,930,681 |
| TOTAL LIABILITIES | 955,534,647 |
| Regular Reserve | 0 |
| Other Reserves | -887,970 |
| Undivided Earnings | 95,661,422 |
| TOTAL EQUITY | 94,773,452 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,050,308,099 |
| INCOME & EXPENSE | |
| Loan Income | 32,961,967 |
| Investment Income | 2,958,401 |
| Other Income | 4,168,959 |
| Total Employee Compensation & Benefits | 11,188,899 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 9,678,127 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,873,184 |
| Cost of Funds | 17,845,659 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,429,239 |
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