Dec, 31, 2021 — CONNEX CREDIT UNION is a federally insured state chartered credit union headquartered in NORTH HAVEN, CT with 8 branch locations and about $868.57 million in total assets. Opened 82 years ago in 1940, CONNEX CREDIT UNION has about 64,580 members and employs 138 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 |
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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: | 64,580 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68511 |
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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: | $868,570,264 |
CEO/Manager: | Francesco Mancini |
Chairperson: | Janice Bryden |
ASSETS: | $ Amount |
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Cash & Equivalents | 79,493,112 |
TOTAL INVESTMENTS | 66,391,214 |
Loans Held for Sale | 0 |
Real Estate Loans | 315,563,146 |
Unsecured Loans | 14,989,346 |
Other Loans | 338,282,351 |
TOTAL LOANS | 700,262,442 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,653,456 |
Land And Building | 7,188,405 |
Other Fixed Assets | 1,653,925 |
NCUSIF Deposit | 5,942,939 |
All Other Assets | 12,291,683 |
TOTAL ASSETS | 868,570,264 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 226,931 |
Notes & Interest Payable | 20,004,736 |
Accounts Payable & Other Liabilities | 5,436,501 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 124,855,507 |
Regular shares | 205,592,760 |
All Other Shares & Deposits | 432,454,480 |
TOTAL SHARES & DEPOSITS | 762,902,747 |
TOTAL LIABILITIES | 788,570,915 |
Regular Reserve | 5,626,342 |
Other Reserves | 929,960 |
Undivided Earnings | 73,443,047 |
TOTAL EQUITY | 79,999,349 |
TOTAL LIABILITIES, SHARES, & EQUITY | 868,570,264 |
INCOME & EXPENSE | |
Loan Income | 23,531,834 |
Investment Income | 1,677,291 |
Other Income | 3,633,899 |
Total Employee Compensation & Benefits | 11,302,513 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 9,067,724 |
Non-operating Income & (Expense) | -14,113 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,034,267 |
Cost of Funds | 2,952,272 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 6,579,271 |
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