Civic Intelligence

Connex Credit Union Inc

990 • Fiscal year 2014 • EIN 06-0655052

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 16, 2015

Organization ProfileWWW.CONNEXCU.ORG

View Organization Page

412 Washington AvenueNorth Haven, CT 06473

(203) 603-5707

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

31st percentile

0.88x

Higher debt load relative to assets than 31% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2014

Liabilities / Revenue

58th percentile

18.85x

Higher debt load relative to revenue than 58% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2014

Net Margin

10th percentile

5.3%

Higher net margin than 10% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2014

Top Officer Pay

38th percentile

$331,390

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2014

Asset Growth

74th percentile

7.7%

Faster asset growth than 74% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2013 to 2014

Revenue Growth

28th percentile

-0.7%

Faster revenue growth than 28% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets31st percentile

Assets

Up

$429,883,415

Up $30,626,539 (+7.7%) from 2013

Net Assets

Up

$50,894,604

Up $1,055,992 (+2.1%) from 2013

Liabilities

Up

$378,988,811

Up $29,570,547 (+8.5%) from 2013

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin10th percentile

Revenue

Down

$20,104,050

Down $150,533 (-0.7%) from 2013

Expenses

Up

$19,048,058

Up $662,193 (+3.6%) from 2013

Net Income

Down

$1,055,992

Down $812,726 (-43%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth74th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5B$1.0B$500M$0Assets 2010: $361,975,113Liabilities 2010: $319,146,607Net Assets 2010: $42,828,5062010Assets 2011: $363,021,772Liabilities 2011: $317,155,094Net Assets 2011: $45,866,6782011Assets 2012: $377,611,025Liabilities 2012: $329,641,131Net Assets 2012: $47,969,8942012Assets 2013: $399,256,876Liabilities 2013: $349,418,264Net Assets 2013: $49,838,6122013Assets 2014: $429,883,415Liabilities 2014: $378,988,811Net Assets 2014: $50,894,6042014Assets 2015: $458,563,820Liabilities 2015: $404,575,604Net Assets 2015: $53,988,2162015Assets 2016: $493,306,196Liabilities 2016: $437,265,027Net Assets 2016: $56,041,1692016Assets 2017: $565,193,750Liabilities 2017: $505,566,698Net Assets 2017: $59,627,0522017Assets 2018: $632,181,049Liabilities 2018: $569,244,092Net Assets 2018: $62,936,9572018Assets 2019: $713,889,738Liabilities 2019: $644,777,282Net Assets 2019: $69,112,4562019Assets 2020: $766,376,274Liabilities 2020: $691,848,347Net Assets 2020: $74,527,9272020Assets 2021: $868,570,264Liabilities 2021: $788,570,918Net Assets 2021: $79,999,3462021Assets 2022: $957,477,676Liabilities 2022: $874,572,978Net Assets 2022: $82,904,6982022Assets 2023: $1,012,806,214Liabilities 2023: $924,140,935Net Assets 2023: $88,665,2792023Assets 2024: $1,046,785,625Liabilities 2024: $955,698,183Net Assets 2024: $91,087,4422024

Highlighted filing

2014

Assets$429,883,415
Liabilities$378,988,811
Net Assets$50,894,604
Open 2014 Filing

Operations Trend

Revenue Growth28th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0Expenses 2010: $18,849,2982010Expenses 2011: $17,244,5792011Expenses 2012: $18,082,2742012Revenue 2013: $20,254,583Expenses 2013: $18,385,865Net Income 2013: $1,868,7182013Revenue 2014: $20,104,050Expenses 2014: $19,048,058Net Income 2014: $1,055,9922014Revenue 2015: $20,747,470Expenses 2015: $18,232,311Net Income 2015: $2,515,1592015Revenue 2016: $21,927,851Expenses 2016: $19,820,408Net Income 2016: $2,107,4432016Revenue 2017: $25,489,418Expenses 2017: $22,146,509Net Income 2017: $3,342,9092017Revenue 2018: $26,423,901Expenses 2018: $22,300,410Net Income 2018: $4,123,4912018Revenue 2019: $30,667,343Expenses 2019: $26,008,197Net Income 2019: $4,659,1462019Revenue 2020: $29,642,233Expenses 2020: $25,373,854Net Income 2020: $4,268,3792020Revenue 2021: $30,771,499Expenses 2021: $24,356,778Net Income 2021: $6,414,7212021Revenue 2022: $35,206,220Expenses 2022: $27,282,343Net Income 2022: $7,923,8772022Revenue 2023: $43,567,121Expenses 2023: $39,242,351Net Income 2023: $4,324,7702023Revenue 2024: $52,043,001Expenses 2024: $50,919,757Net Income 2024: $1,123,2442024

Highlighted filing

2014

Revenue$20,104,050
Expenses$19,048,058
Net Income$1,055,992
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 16, 2015
Return Version
2014v5.0
Gross Receipts
$21,499,322
Mission and Program Overview

Mission

To provide members with credit union services

To provide members with depository, lending and other credit union services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$249,065,493$273,613,757▲ $24,548,264
Investments in Publicly Traded Securities$77,011,778$79,553,318▲ $2,541,540
Investments Other Securities$56,515,295$58,078,326▲ $1,563,031
Rtn Earn Endowment Incm Other Fnds$49,838,612$50,894,604▲ $1,055,992
Cash and Non-Interest-Bearing Accounts$2,946,336$3,665,931▲ $719,595
Land, Buildings, and Equipment, Net$3,371,163$3,562,102▲ $190,939
Accounts Receivable$685,284$1,100,033▲ $414,749
Receivables From Officers Etc$119,000$0▼ $119,000
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$399,256,876$429,883,415▲ $30,626,539
Other Assets Total$9,542,527$10,309,948▲ $767,421
Liabilities
Other Liabilities$335,745,002$355,636,702▲ $19,891,700
Mortgage Notes Payable Secured by Investment Property$10,028,933$20,030,308▲ $10,001,375
Accounts Payable and Accrued Expenses$3,023,802$2,685,293▼ $338,509
Escrow Account Liability$620,527$636,508▲ $15,981
Total Liabilities$349,418,264$378,988,811▲ $29,570,547
Net Assets / Fund Balance
Total Net Assets Fund Balance$49,838,612$50,894,604▲ $1,055,992
Total Liabilities and Net Assets / Fund Balance$399,256,876$429,883,415▲ $30,626,539

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,448,401$608,540$2,056,941
Equipment$654,135$1,002,265$1,656,400
Other Land Buildings$400,562$1,096,826$1,497,388
Leasehold Improvements$347,808$867,975$1,215,783
Land$711,196-$711,196
Other Securities$50,000--
Compensation and Service Providers
Top Officer Pay38th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Francesco ManciniCEOFT$243,354$88,036$331,390
Richard BoydVP LendingFT$125,205$58,127$183,332
Carl CasperVP Customer AdvocacyFT$127,171$36,484$163,655
Karen SmithVP / CFOFT$126,262$25,995$152,257
Bryan WoodwardVP / CIOFT$121,665$7,701$129,366
Barbara BafumiControllerFT$110,674$8,592$119,266
Mari PowersDirector-$10,902-$10,902
David ClarkDirector-$6,030-$6,030
Fred HeimannDirector-$6,008-$6,008
Janet HandDirector-$5,352-$5,352
Chris AbelyDirector-$5,257-$5,257
Luba GrossmanDirector-$5,179-$5,179
Kevin WetmoreDirector-$4,908-$4,908
Mary SemedoDirector-$4,803-$4,803
Kevin McnamaraDirector-$4,240-$4,240
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$18,159,551
Investment Income
$1,944,499
Other Revenue
$0
Change in Net Assets
$1,055,992

Audited Revenue Reconciliation

Revenue per Audited Statements
$19,887,589
Revenue Not Reported on Financial Statements
$216,461
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$216,461
Total Revenue per Audited Statements
$19,887,589
Total Revenue per Form 990
$20,104,050
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,903,792
Salaries, Compensation, and Employee Benefits$8,769,755
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$6,120,401
Office Expenses---$2,410,540
Benefits to Members---$1,374,511
Other Employee Benefits---$1,226,663
Current Officers, Directors, Trustees, and Key Employees---$1,060,867
Occupancy---$855,929
Advertising---$779,703
All Other Expenses---$555,944
Other Expenses---$383,648
Pension Plan Contributions---$361,824
Fees for Services Other---$134,483
Conferences and Meetings---$10,622
Total Functional Expenses$0$0$0$19,048,058

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$19,048,058
Expenses per Audited Statements$18,827,036
Total Expenses per Audited Statements$18,827,036
Expenses Not Reported on Financial Statements$221,022
Other Expense Adjustments$221,022
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$119,000$0▼ $119,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
MEMBERS' SHARES$355,636,702
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Members of the credit union are considered to be individuals maintaining minimum deposit balances.”

Form 990, Part VI, Section A, Line 7A

“Members in good standing may vote for directors as their terms expire.”

Form 990, Part VI, Section A, Line 7B

“Members approve decisions of the governing board in accordance with the bylaws of the credit union.”

Form 990, Part VI, Section B, Line 11

“Copies of form 990 are reviewed by the secretary/treasurer and signed and filed with the internal revenue service. Form 990 is discussed at the next board meeting.”

Form 990, Part VI, Section B, Line 12C

“Annually the credit union reviews their conflict of interest policy with all officers, directors and key employees.”

Form 990, Part VI, Section B, Line 15

“Outside consultants are hired annually to review compensation levels of top management.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Connex Credit Union
EIN
06-0655052
Phone
2036035707
Address
412 WASHINGTON AVENUE, NORTH HAVEN, CT 06473

Signing Officer

Name
Karen Smith
Title
CFO
Phone
2036035707
Signed
2015-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Francesco Mancini
Formed
1940
Legal Domicile
Ct
Voting Board Members
9
Independent Board Members
9
Employees
139
Volunteers
0

Preparer

Firm
Dzinski Polzella LLC
Address
415 MIDDLEBURY RD, MIDDLEBURY, CT 06762
Preparer
Joseph P Polzella CPA
Phone
2035980502
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process used to oversee the audit and selection of an independent accountant has not changed since the previous year.”

Financial Statement Notes

PART IV, LINE 2B:

“Connex credit union provides escrow services to members that have mortgages to pay the members insurance and property taxes associated with the properies mortgaged.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Timing differences - see note below”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Timing differences - see note below”

Form 990 Sch D - Parts XI and XII

“Connex credit union maintains a september 30th year end for their annual audit performed by independent auditors. For tax purposes, they maintain a december 31st year end. Therefore, it is not possible to reconcile between audited figures and this tax return.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt9CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt10VP LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt11VP CUSTOMER ADVOCACY
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP / CIO
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP / CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt14CONTROLLER
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01940
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt054718
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01449990
IRS990/GrossReceiptsAmt021499322
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt06
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt01889781
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01889781
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt056515295
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt058078326
IRS990/InvestmentsPubTradedSecGrp/BOYAmt077011778
IRS990/InvestmentsPubTradedSecGrp/EOYAmt079553318
IRS990/IRPDocumentCnt06972
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03575606
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03371163
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03562102
IRS990/LandBldgEquipCostOrOtherBssAmt07137708
IRS990/LegalDomicileStateCd0CT
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01395272
IRS990/LoanOutstandingInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE MEMBERS WITH CREDIT UNION SERVICES
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt010028933
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt020030308
IRS990/NetAssetsOrFundBalancesBOYAmt049838612
IRS990/NetAssetsOrFundBalancesEOYAmt050894604
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt054718
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt054718
IRS990/NetUnrelatedBusTxblIncmAmt0-165679
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0855929
IRS990/OfficeExpensesGrp/TotalAmt02410540
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt09542527
IRS990/OtherAssetsTotalGrp/EOYAmt010309948
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01226663
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1DATA PROCESSING
IRS990/OtherExpensesGrp/Desc2LOAN SERVICING
IRS990/OtherExpensesGrp/Desc3OPERATING EXPENSE
IRS990/OtherExpensesGrp/TotalAmt01728901
IRS990/OtherExpensesGrp/TotalAmt11561244
IRS990/OtherExpensesGrp/TotalAmt2482778
IRS990/OtherExpensesGrp/TotalAmt3383648
IRS990/OtherLiabilitiesGrp/BOYAmt0335745002
IRS990/OtherLiabilitiesGrp/EOYAmt0355636702
IRS990/OtherSalariesAndWagesGrp/TotalAmt06120401
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0249065493
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0273613757
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0361824
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0FRANCESCO MANCINI
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1OPERATING FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt011405901
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14041134
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt011405901
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt16753650
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt02712516
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt01449980
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01501479
IRS990/PYOtherExpensesAmt08368480
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt018753104
IRS990/PYRevenuesLessExpensesAmt01868718
IRS990/PYSalariesCompEmpBnftPaidAmt08567405
IRS990/PYTotalExpensesAmt018385865
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt020254583
IRS990/QuidProQuoContributionsInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt0119000
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01055992
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt049838612
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt050894604
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AdditionsDuringYearAmt08927766
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BeginningBalanceAmt0620527
IRS990ScheduleD/BuildingsGrp/BookValueAmt01448401
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0608540
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02056941
IRS990ScheduleD/DistributionsDuringYearAmt08911785
IRS990ScheduleD/EndingBalanceAmt0636508
IRS990ScheduleD/EquipmentGrp/BookValueAmt0654135
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01002265
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01656400
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0221022
IRS990ScheduleD/ExpensesSubtotalAmt018827036
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0711196
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0711196
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0347808
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0867975
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01215783
IRS990ScheduleD/OtherExpensesNotIncludedAmt0221022
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0400562
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01096826
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01497388
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0355636702
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERS' SHARES
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0216461
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt08019194
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt141658172
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt28350960
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt350000
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CORPORATE CU - SHARES, NOTES,CERTS.
IRS990ScheduleD/OtherSecuritiesGrp/Desc1COMMERCIAL BANK - TIME DEPOSITS, CERT'S, NOTES
IRS990ScheduleD/OtherSecuritiesGrp/Desc2FEDERAL RESERVE BANK
IRS990ScheduleD/OtherSecuritiesGrp/Desc3CPM INVESTMENT - ACORN GROUP
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0216461
IRS990ScheduleD/RevenueSubtotalAmt019887589
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CONNEX CREDIT UNION PROVIDES ESCROW SERVICES TO MEMBERS THAT HAVE MORTGAGES TO PAY THE MEMBERS INSURANCE AND PROPERTY TAXES ASSOCIATED WITH THE PROPERIES MORTGAGED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1TIMING DIFFERENCES - SEE NOTE BELOW
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2TIMING DIFFERENCES - SEE NOTE BELOW
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3CONNEX CREDIT UNION MAINTAINS A SEPTEMBER 30TH YEAR END FOR THEIR ANNUAL AUDIT PERFORMED BY INDEPENDENT AUDITORS. FOR TAX PURPOSES, THEY MAINTAIN A DECEMBER 31ST YEAR END. THEREFORE, IT IS NOT POSSIBLE TO RECONCILE BETWEEN AUDITED FIGURES AND THIS TAX RETURN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990 SCH D - PARTS XI AND XII
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03562102
IRS990ScheduleD/TotalBookValueSecuritiesAmt058078326
IRS990ScheduleD/TotalExpensesPerForm990Amt019048058
IRS990ScheduleD/TotalLiabilityAmt0355636702
IRS990ScheduleD/TotalRevenuePerForm990Amt020104050
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt019887589
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt018827036
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0243354
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1125205
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2127171
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3126262
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount070328
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount128040
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount230043
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount320646
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt015308
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt130087
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt24041
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt35349
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt30

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$429,883,415
Liabilities
$378,988,811
Net assets
$50,894,604
Revenue
$20,104,050
Expenses
$19,048,058
Net income
$1,055,992
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1,047$956$91.1$52.0$50.9$1.12
2023Detailed filing. Detailed filing data is available for this year.$1,013$924$88.7$43.6$39.2$4.32
2022Detailed filing. Detailed filing data is available for this year.$957$875$82.9$35.2$27.3$7.92
2021Detailed filing. Detailed filing data is available for this year.$869$789$80.0$30.8$24.4$6.41
2020Detailed filing. Detailed filing data is available for this year.$766$692$74.5$29.6$25.4$4.27
2019Detailed filing. Detailed filing data is available for this year.$714$645$69.1$30.7$26.0$4.66
2018Detailed filing. Detailed filing data is available for this year.$632$569$62.9$26.4$22.3$4.12
2017Detailed filing. Detailed filing data is available for this year.$565$506$59.6$25.5$22.1$3.34
2016Detailed filing. Detailed filing data is available for this year.$493$437$56.0$21.9$19.8$2.11
2015Detailed filing. Detailed filing data is available for this year.$459$405$54.0$20.7$18.2$2.52
2014Detailed filing. Detailed filing data is available for this year.$430$379$50.9$20.1$19.0$1.06
2013Detailed filing. Detailed filing data is available for this year.$399$349$49.8$20.3$18.4$1.87
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$378$330$48.0$18.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$363$317$45.9$17.2
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$362$319$42.8$18.8
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2014 filings • 501(c)14 • $250M-$1B nonprofits