Civic Intelligence

Connex Credit Union Inc

990 • Fiscal year 2016 • EIN 06-0655052

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

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

37th percentile

0.89x

Higher debt load relative to assets than 37% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2016

Liabilities / Revenue

64th percentile

19.94x

Higher debt load relative to revenue than 64% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2016

Net Margin

33rd percentile

9.6%

Higher net margin than 33% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2016

Top Officer Pay

53rd percentile

$399,315

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2016

Asset Growth

66th percentile

7.6%

Faster asset growth than 66% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2015 to 2016

Revenue Growth

38th percentile

5.7%

Faster revenue growth than 38% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets37th percentile

Assets

Up

$493,306,196

Up $34,742,376 (+7.6%) from 2015

Net Assets

Up

$56,041,169

Up $2,052,953 (+3.8%) from 2015

Liabilities

Up

$437,265,027

Up $32,689,423 (+8.1%) from 2015

Revenue And Expenses
Liabilities / Revenue64th percentileNet Margin33rd percentile

Revenue

Up

$21,927,851

Up $1,180,381 (+5.7%) from 2015

Expenses

Up

$19,820,408

Up $1,588,097 (+8.7%) from 2015

Net Income

Down

$2,107,443

Down $407,716 (-16%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth66th 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

2016

Assets$493,306,196
Liabilities$437,265,027
Net Assets$56,041,169
Open 2016 Filing

Operations Trend

Revenue Growth38th 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

2016

Revenue$21,927,851
Expenses$19,820,408
Net Income$2,107,443
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$24,891,328
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$305,816,055$389,856,372▲ $84,040,317
Rtn Earn Endowment Incm Other Fnds$53,988,216$56,041,169▲ $2,052,953
Investments in Publicly Traded Securities$68,902,554$44,841,884▼ $24,060,670
Investments Other Securities$64,949,000$39,156,560▼ $25,792,440
Cash and Non-Interest-Bearing Accounts$4,061,076$5,362,728▲ $1,301,652
Land, Buildings, and Equipment, Net$3,411,540$3,458,752▲ $47,212
Receivables From Officers Etc-$984,307-
Accounts Receivable$1,420,729$784,350▼ $636,379
Total Assets$458,563,820$493,306,196▲ $34,742,376
Other Assets Total$10,002,866$8,861,243▼ $1,141,623
Liabilities
Other Liabilities$370,617,138$414,766,128▲ $44,148,990
Mortgage Notes Payable Secured by Investment Property$30,034,058$18,595,726▼ $11,438,332
Accounts Payable and Accrued Expenses$2,963,645$2,473,355▼ $490,290
Escrow Account Liability$960,763$1,429,818▲ $469,055
Total Liabilities$404,575,604$437,265,027▲ $32,689,423
Net Assets / Fund Balance
Total Net Assets Fund Balance$53,988,216$56,041,169▲ $2,052,953
Total Liabilities and Net Assets / Fund Balance$458,563,820$493,306,196▲ $34,742,376

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,594,027$844,716$2,438,743
Equipment$677,187$1,197,100$1,874,287
Other Land Buildings$314,100$1,268,180$1,582,280
Leasehold Improvements$162,242$979,255$1,141,497
Land$711,196-$711,196
Other Securities$45,560--
Compensation and Service Providers
Top Officer Pay53rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Francesco ManciniCEOFT$279,324$119,991$399,315
Karen SmithVP and CFOFT$148,077$59,551$207,628
Carl CasperEvp & COOFT$148,077$54,152$202,229
Dennis KlemenzVP and CIOFT$142,783-$142,783
Amy MoquetDirector HrFT$120,696$8,665$129,361
Barbara BafumiControllerFT$112,017$11,967$123,984
Mari PowerDirector-$10,439-$10,439
Fred HeimannChairmanPT$9,618-$9,618
Mary SemedoDirector-$8,622-$8,622
Janet HandDirector-$6,880-$6,880
David ClarkSecretary /PT$6,867-$6,867

Board Members and Trustees

NameTitle
Dr Monica GilDirector
Janice BrydenDirector
Kimberly AndrewsDirector
Lisa FitzgeraldDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$20,484,153
Investment Income
$1,443,698
Other Revenue
$0
Change in Net Assets
$2,107,443

Audited Revenue Reconciliation

Revenue per Audited Statements
$21,483,212
Revenue Not Reported on Financial Statements
$444,639
Other Revenue Adjustments
$444,639
Total Revenue per Audited Statements
$21,483,212
Total Revenue per Form 990
$21,927,851
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,933,538
Salaries, Compensation, and Employee Benefits$7,514,030
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$5,021,059
Office Expenses---$2,215,439
Benefits to Members---$1,372,840
All Other Expenses---$1,129,143
Other Employee Benefits---$1,112,616
Occupancy---$973,763
Current Officers, Directors, Trustees, and Key Employees---$933,835
Advertising---$758,250
Other Expenses---$603,215
Pension Plan Contributions---$446,520
Fees for Services Other---$195,399
Conferences and Meetings---$2,306
Total Functional Expenses$0$0$0$19,820,408

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$19,820,408
Expenses per Audited Statements$19,641,692
Total Expenses per Audited Statements$19,641,692
Expenses Not Reported on Financial Statements$178,716
Other Expense Adjustments$178,716
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-$984,307-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
MEMBERS' SHARES$414,766,128
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, Page 6, Part VI, Line 6

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

Form 990, Page 6, Part VI, Line 7A

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

Form 990, Page 6, Part VI, Line 7B

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

Form 990, Page 6, Part VI, Line 11B

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

Form 990, Page 6, Part VI, Line 12C

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

Form 990, Page 6, Part VI, Line 15A

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

Form 990, Page 6, Part VI, Line 15B

“Outside consultants are hired annually to review compensation levels of key employees.”

Form 990, Page 6, Part VI, 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
VP and CFO
Phone
2036035707
Signed
2017-11-15
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
171

Preparer

Firm
Dzinski Polzella LLC
Address
415 MIDDLEBURY RD, MIDDLEBURY, CT 06762-2502
Preparer
Joseph P Polzella CPA
Phone
2035980502
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

“Connex credit union provides escrow services to members that have mortgages for the purpose of disbursing funds for the payment of insurance and real estate taxes on the mortgaged properties.”

Schedule D, Page 4, Part XI, Line 4B

“Timing difference - see note below 444,639”

Schedule D, Page 4, Part XII, Line 4B

“Timing difference - see note below 178,716”

Schedule D, Page 4, Part XIII

“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.”

Raw XML AppendixShowing 400 of 583 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt02963645
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02473355
IRS990/AccountsReceivableGrp/BOYAmt01420729
IRS990/AccountsReceivableGrp/EOYAmt0784350
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE MEMBERS WITH DEPOSITORY, LENDING AND OTHER CREDIT UNION SERVICES.
IRS990/AdvertisingGrp/TotalAmt0758250
IRS990/AllOtherExpensesGrp/TotalAmt01129143
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt01372840
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0KAREN SMITH
IRS990/BooksInCareOfDetail/PhoneNum02036035707
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0412 WASHINGTON AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0NORTH HAVEN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CT
IRS990/BooksInCareOfDetail/USAddress/ZIPCd006473
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt04061076
IRS990/CashNonInterestBearingGrp/EOYAmt05362728
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0933835
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt02306
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/CreditCounselingInd0true
IRS990/CYBenefitsPaidToMembersAmt01372840
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt01443698
IRS990/CYOtherExpensesAmt010933538
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt020484153
IRS990/CYRevenuesLessExpensesAmt02107443
IRS990/CYSalariesCompEmpBnftPaidAmt07514030
IRS990/CYTotalExpensesAmt019820408
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt021927851
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0TO PROVIDE MEMBERS WITH DEPOSIT, LENDING AND INSURANCE SERVICES
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0true
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt0171
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EscrowAccountLiabilityGrp/BOYAmt0960763
IRS990/EscrowAccountLiabilityGrp/EOYAmt01429818
IRS990/ExpenseAmt019820408
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesOtherGrp/TotalAmt0195399
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt45.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1440.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt923954
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1015145
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1121447
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt138665
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1411967
IRS990/Form990PartVIISectionAGrp/PersonNm0MARI POWER
IRS990/Form990PartVIISectionAGrp/PersonNm1FRED HEIMANN
IRS990/Form990PartVIISectionAGrp/PersonNm2MARY SEMEDO
IRS990/Form990PartVIISectionAGrp/PersonNm3JANET HAND
IRS990/Form990PartVIISectionAGrp/PersonNm4DAVID CLARK
IRS990/Form990PartVIISectionAGrp/PersonNm5JANICE BRYDEN
IRS990/Form990PartVIISectionAGrp/PersonNm6LISA FITZGERALD
IRS990/Form990PartVIISectionAGrp/PersonNm7DR MONICA GIL
IRS990/Form990PartVIISectionAGrp/PersonNm8KIMBERLY ANDREWS
IRS990/Form990PartVIISectionAGrp/PersonNm9FRANCESCO MANCINI
IRS990/Form990PartVIISectionAGrp/PersonNm10CARL CASPER
IRS990/Form990PartVIISectionAGrp/PersonNm11KAREN SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm12DENNIS KLEMENZ
IRS990/Form990PartVIISectionAGrp/PersonNm13AMY MOQUET
IRS990/Form990PartVIISectionAGrp/PersonNm14BARBARA BAFUMI
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt010439
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19618
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt28622
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt36880
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt46867
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9375361
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10187084
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11186181
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12142783
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13120696
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14112017
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY /
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt10EVP & COO
IRS990/Form990PartVIISectionAGrp/TitleTxt11VP AND CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP AND CIO
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIR. HR
IRS990/Form990PartVIISectionAGrp/TitleTxt14CONTROLLER
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/Form990TFiledInd0true
IRS990/FormationYr01940
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt0-84820
IRS990/GainOrLossGrp/SecuritiesAmt013563
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0973513
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01918707
IRS990/GrossReceiptsAmt024891328
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt06
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt01514955
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01514955
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt064949000
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt039156560
IRS990/InvestmentsPubTradedSecGrp/BOYAmt068902554
IRS990/InvestmentsPubTradedSecGrp/EOYAmt044841884
IRS990/IRPDocumentCnt07965
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04289251
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03411540
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03458752
IRS990/LandBldgEquipCostOrOtherBssAmt07748003
IRS990/LegalDomicileStateCd0CT
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt01058333
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01905144
IRS990/LoanOutstandingInd0true
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE MEMBERS WITH CREDIT UNION SERVICES
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt030034058
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt018595726
IRS990/NetAssetsOrFundBalancesBOYAmt053988216
IRS990/NetAssetsOrFundBalancesEOYAmt056041169
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-71257
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-71257
IRS990/NetUnrelatedBusTxblIncmAmt0-370031
IRS990/NetUnrlzdGainsLossesInvstAmt0-54490
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt0973763
IRS990/OfficeExpensesGrp/TotalAmt02215439
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt010002866
IRS990/OtherAssetsTotalGrp/EOYAmt08861243
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01112616
IRS990/OtherExpensesGrp/Desc0COGS
IRS990/OtherExpensesGrp/Desc1DATA PROCESSING
IRS990/OtherExpensesGrp/Desc2PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc3LOAN SERVICING
IRS990/OtherExpensesGrp/TotalAmt02043519
IRS990/OtherExpensesGrp/TotalAmt11748574
IRS990/OtherExpensesGrp/TotalAmt21263930
IRS990/OtherExpensesGrp/TotalAmt3603215
IRS990/OtherLiabilitiesGrp/BOYAmt0370617138
IRS990/OtherLiabilitiesGrp/EOYAmt0414766128
IRS990/OtherSalariesAndWagesGrp/TotalAmt05021059
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0305816055
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0389856372
IRS990/PartialLiquidationInd0false
IRS990/PensionPlanContributionsGrp/TotalAmt0446520
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0FRANCESCO MANCINI
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2525990
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1OPERATING FEES
IRS990/ProgramServiceRevenueGrp/Desc2INSURANCE AND ATM SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt013193229
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14368680
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt013193229
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14368680
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22922244
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt02922244
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt01315592
IRS990/PYInvestmentIncomeAmt01875888
IRS990/PYOtherExpensesAmt09785697
IRS990/PYProgramServiceRevenueAmt018871582
IRS990/PYRevenuesLessExpensesAmt02515159
IRS990/PYSalariesCompEmpBnftPaidAmt07131022
IRS990/PYTotalExpensesAmt018232311
IRS990/PYTotalRevenueAmt020747470
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt0984307
IRS990/ReconcilationRevenueExpnssAmt02107443
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt053988216
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt056041169
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01594027
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0844716
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02438743
IRS990ScheduleD/EquipmentGrp/BookValueAmt0677187
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01197100
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01874287
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0178716
IRS990ScheduleD/ExpensesSubtotalAmt019641692
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt0711196
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0711196
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0162242
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0979255
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01141497
IRS990ScheduleD/OtherExpensesNotIncludedAmt0178716
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0314100
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01268180
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01582280
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0414766128
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERS' SHARES
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0444639
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt026864000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt17923000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt22325000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt31999000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt445560
IRS990ScheduleD/OtherSecuritiesGrp/Desc0COMMERCIAL BANK - TIME DEPOSITS, CER
IRS990ScheduleD/OtherSecuritiesGrp/Desc1FEDERAL RESERVE BANK
IRS990ScheduleD/OtherSecuritiesGrp/Desc2CORPORATE CU - SHARES, NOTES,CERTS.
IRS990ScheduleD/OtherSecuritiesGrp/Desc3PREFUND DEF LIAB. MGMT PROGRAM
IRS990ScheduleD/OtherSecuritiesGrp/Desc4CPM INVESTMENT - ACORN GROUP
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4C
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0444639
IRS990ScheduleD/RevenueSubtotalAmt021483212
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CONNEX CREDIT UNION PROVIDES ESCROW SERVICES TO MEMBERS THAT HAVE MORTGAGES FOR THE PURPOSE OF DISBURSING FUNDS FOR THE PAYMENT OF INSURANCE AND REAL ESTATE TAXES ON THE MORTGAGED PROPERTIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1TIMING DIFFERENCE - SEE NOTE BELOW 444,639
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2TIMING DIFFERENCE - SEE NOTE BELOW 178,716
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/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE D, PAGE 4, PART XIII
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03458752
IRS990ScheduleD/TotalBookValueSecuritiesAmt039156560
IRS990ScheduleD/TotalExpensesPerForm990Amt019820408
IRS990ScheduleD/TotalLiabilityAmt0414766128
IRS990ScheduleD/TotalRevenuePerForm990Amt021927851
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt021483212
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt019641692
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0279324
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1148077
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2148077
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount084837
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount136807
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount237104
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt023954
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt115145
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt221447
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt011200
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt12200
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt21000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0FRANCESCO MANCINI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1CARL CASPER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2KAREN SMITH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1EVP & COO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2VP AND CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0399315
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1202229
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt2207628
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0383101
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt1268948
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt2132674
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt3117406
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt420020
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt518392
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt616428
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt711446
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt810586
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt95306
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd3true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd4true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd5true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd6true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd7true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd8true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd9true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd2false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd3false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$493,306,196
Liabilities
$437,265,027
Net assets
$56,041,169
Revenue
$21,927,851
Expenses
$19,820,408
Net income
$2,107,443
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