Mar, 31, 2022 — CONNEX CREDIT UNION is a federally insured state chartered credit union headquartered in NORTH HAVEN, CT with 8 branch locations and about $868.59 million in total assets. Opened 82 years ago in 1940, CONNEX CREDIT UNION has about 64,656 members and employs 139 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: | http://www.connexcu.org |
| Branches: | 8 branch locations |
| Members: | 64,656 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $868,593,338 |
| CEO/Manager: | Francesco Mancini |
| Chairperson: | Janice Bryden |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 47,636,808 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 327,908,836 |
| Unsecured Loans | 14,925,485 |
| Other Loans | 354,829,224 |
| TOTAL LOANS | 728,534,595 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,650,680 |
| Land And Building | 7,303,184 |
| Other Fixed Assets | 1,788,446 |
| NCUSIF Deposit | 5,942,939 |
| All Other Assets | 0 |
| TOTAL ASSETS | 868,593,338 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 224,068 |
| Notes & Interest Payable | 20,000,000 |
| Accounts Payable & Other Liabilities | 5,657,148 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 127,801,710 |
| Regular shares | 216,473,140 |
| All Other Shares & Deposits | 418,783,159 |
| TOTAL SHARES & DEPOSITS | 763,058,009 |
| TOTAL LIABILITIES | 788,939,225 |
| Regular Reserve | 0 |
| Other Reserves | 4,646,527 |
| Undivided Earnings | 75,007,586 |
| TOTAL EQUITY | 79,654,113 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 868,593,338 |
| INCOME & EXPENSE | |
| Loan Income | 5,958,014 |
| Investment Income | 310,450 |
| Other Income | 1,439,107 |
| Total Employee Compensation & Benefits | 2,765,894 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,252,691 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 150,543 |
| Cost of Funds | 679,208 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,564,539 |
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