Civic Intelligence

Connex Credit Union Inc

990 • Fiscal year 2017 • EIN 06-0655052

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 14, 2018

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

52nd percentile

0.89x

Higher debt load relative to assets than 52% of similar nonprofits.

2017 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2017

Liabilities / Revenue

71st percentile

19.83x

Higher debt load relative to revenue than 71% of similar nonprofits.

2017 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2017

Net Margin

51st percentile

13%

Higher net margin than 51% of similar nonprofits.

2017 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2017

Top Officer Pay

54th percentile

$427,441

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2017 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2017

Asset Growth

92nd percentile

15%

Faster asset growth than 92% of similar nonprofits.

2017 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2016 to 2017

Revenue Growth

90th percentile

16%

Faster revenue growth than 90% of similar nonprofits.

2017 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Up

$565,193,750

Up $71,887,554 (+15%) from 2016

Net Assets

Up

$59,627,052

Up $3,585,883 (+6.4%) from 2016

Liabilities

Up

$505,566,698

Up $68,301,671 (+16%) from 2016

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin51st percentile

Revenue

Up

$25,489,418

Up $3,561,567 (+16%) from 2016

Expenses

Up

$22,146,509

Up $2,326,101 (+12%) from 2016

Net Income

Up

$3,342,909

Up $1,235,466 (+59%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth92nd 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

2017

Assets$565,193,750
Liabilities$505,566,698
Net Assets$59,627,052
Open 2017 Filing

Operations Trend

Revenue Growth90th 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

2017

Revenue$25,489,418
Expenses$22,146,509
Net Income$3,342,909
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 14, 2018
Return Version
2017v2.3
Gross Receipts
$28,849,086
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$389,856,372$458,932,826▲ $69,076,454
Rtn Earn Endowment Incm Other Fnds$56,041,169$59,627,052▲ $3,585,883
Investments Other Securities$39,156,560$43,901,598▲ $4,745,038
Investments in Publicly Traded Securities$44,841,884$38,609,351▼ $6,232,533
Cash and Non-Interest-Bearing Accounts$5,362,728$7,557,434▲ $2,194,706
Accounts Receivable$784,350$4,588,843▲ $3,804,493
Land, Buildings, and Equipment, Net$3,458,752$4,114,564▲ $655,812
Receivables From Officers Etc$984,307$906,214▼ $78,093
Total Assets$493,306,196$565,193,750▲ $71,887,554
Other Assets Total$8,861,243$6,582,920▼ $2,278,323
Liabilities
Other Liabilities$414,766,128$469,339,073▲ $54,572,945
Mortgage Notes Payable Secured by Investment Property$18,595,726$29,718,444▲ $11,122,718
Accounts Payable and Accrued Expenses$2,473,355$4,499,652▲ $2,026,297
Escrow Account Liability$1,429,818$2,009,529▲ $579,711
Total Liabilities$437,265,027$505,566,698▲ $68,301,671
Net Assets / Fund Balance
Total Net Assets Fund Balance$56,041,169$59,627,052▲ $3,585,883
Total Liabilities and Net Assets / Fund Balance$493,306,196$565,193,750▲ $71,887,554

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,320,997$950,867$3,271,864
Equipment$703,506$1,084,752$1,788,258
Other Land Buildings$285,449$1,294,108$1,579,557
Leasehold Improvements$93,416$1,055,834$1,149,250
Land$711,196-$711,196
Other Securities$3,460,000--
Compensation and Service Providers
Top Officer Pay54th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Francesco ManciniCEOFT$296,557$130,884$427,441
Carl CasperEvp & COOFT$161,936$57,696$219,632
Karen SmithVP and CFO-$151,338$62,597$213,935
Dennis KlemenzVP and CIOFT$136,770$38,450$175,220
Michael TaylorAssistant VPFT$126,759$19,783$146,542
Amy MoquetDirector HrFT$121,139-$121,139
Barbara BafumiAssistant VPFT$112,678-$112,678
Jason RochefortAssistant VPFT$104,609$2,884$107,493
Fred HeimannDirector-$9,838-$9,838
Mary SemedoDirector-$8,434-$8,434
David ClarkDirector-$6,646-$6,646
Janet HandVice ChairpePT$4,880-$4,880
Mari PowerDirector-$2,215-$2,215
Dr Monica GilDirector-$1,420-$1,420
Lisa FitzgeraldSecretaryPT$1,385-$1,385
Kimberly AndrewsTreasurerPT$984-$984

Board Members and Trustees

NameTitle
Janice BrydenChairperson
Robert DevinVP & CFO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$23,525,865
Investment Income
$1,963,553
Other Revenue
$0
Change in Net Assets
$3,342,909

Audited Revenue Reconciliation

Revenue per Audited Statements
$24,127,793
Revenue Not Reported on Financial Statements
$1,361,625
Other Revenue Adjustments
$1,361,625
Total Revenue per Audited Statements
$24,127,793
Total Revenue per Form 990
$25,489,418
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$12,079,064
Salaries, Compensation, and Employee Benefits$7,889,295
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$5,230,867
Office Expenses---$2,248,539
Benefits to Members---$2,178,150
Other Employee Benefits---$1,142,883
All Other Expenses---$1,081,282
Occupancy---$1,043,789
Advertising---$826,667
Current Officers, Directors, Trustees, and Key Employees---$809,843
Other Expenses---$677,720
Pension Plan Contributions---$516,159
Fees for Services Other---$298,065
Comp Disqual Persons---$189,543
Conferences and Meetings---$2,256
Total Functional Expenses$0$0$0$22,146,509

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$22,146,509
Expenses per Audited Statements$21,160,660
Total Expenses per Audited Statements$21,160,660
Expenses Not Reported on Financial Statements$985,849
Other Expense Adjustments$985,849
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$906,214▼ $78,093
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
MEMBERS' SHARES$469,339,073
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
Robert Devin
Title
VP & CFO
Phone
2036035707
Signed
2018-11-14
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
147

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 1,361,625”

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

“Timing difference - see note below 985,849”

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 numbers and this tax return.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIRPE
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt9CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt10EVP & COO
IRS990/Form990PartVIISectionAGrp/TitleTxt11VP AND CIO
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP & CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt13ASSISTANT VP
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIR. HR
IRS990/Form990PartVIISectionAGrp/TitleTxt15ASSISTANT VP
IRS990/Form990PartVIISectionAGrp/TitleTxt16ASSISTANT VP
IRS990/Form990PartVIISectionAGrp/TitleTxt17VP AND CFO
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/Form990TFiledInd0true
IRS990/FormationYr01940
IRS990/FormerOfcrEmployeesListedInd0true
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt0548920
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt03908588
IRS990/GrossReceiptsAmt028849086
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt08
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt01414633
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01414633
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt039156560
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt043901598
IRS990/InvestmentsPubTradedSecGrp/BOYAmt044841884
IRS990/InvestmentsPubTradedSecGrp/EOYAmt038609351
IRS990/IRPDocumentCnt08985
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04385561
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03458752
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04114564
IRS990/LandBldgEquipCostOrOtherBssAmt08500125
IRS990/LegalDomicileStateCd0CT
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt03359668
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/BOYAmt018595726
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt029718444
IRS990/NetAssetsOrFundBalancesBOYAmt056041169
IRS990/NetAssetsOrFundBalancesEOYAmt059627052
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-6482
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0548920
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt0555402
IRS990/NetUnrlzdGainsLossesInvstAmt0242974
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt01043789
IRS990/OfficeExpensesGrp/TotalAmt02248539
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt08861243
IRS990/OtherAssetsTotalGrp/EOYAmt06582920
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01142883
IRS990/OtherExpensesGrp/Desc0COGS
IRS990/OtherExpensesGrp/Desc1DATA PROCESSING
IRS990/OtherExpensesGrp/Desc2PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc3LOAN SERVICING
IRS990/OtherExpensesGrp/TotalAmt02236584
IRS990/OtherExpensesGrp/TotalAmt11901339
IRS990/OtherExpensesGrp/TotalAmt21762823
IRS990/OtherExpensesGrp/TotalAmt3677720
IRS990/OtherLiabilitiesGrp/BOYAmt0414766128
IRS990/OtherLiabilitiesGrp/EOYAmt0469339073
IRS990/OtherSalariesAndWagesGrp/TotalAmt05230867
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0389856372
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0458932826
IRS990/PartialLiquidationInd0false
IRS990/PensionPlanContributionsGrp/TotalAmt0516159
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0FRANCESCO MANCINI
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2524298
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1OPERATING FEES
IRS990/ProgramServiceRevenueGrp/Desc2INSURANCE AND ATM SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt015626539
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14964485
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt015626539
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14964485
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22934841
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt02934841
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt01372840
IRS990/PYInvestmentIncomeAmt01443698
IRS990/PYOtherExpensesAmt010933538
IRS990/PYProgramServiceRevenueAmt020484153
IRS990/PYRevenuesLessExpensesAmt02107443
IRS990/PYSalariesCompEmpBnftPaidAmt07514030
IRS990/PYTotalExpensesAmt019820408
IRS990/PYTotalRevenueAmt021927851
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt0984307
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt0906214
IRS990/ReconcilationRevenueExpnssAmt03342909
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt056041169
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt059627052
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02320997
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0950867
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03271864
IRS990ScheduleD/EquipmentGrp/BookValueAmt0703506
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01084752
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01788258
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0985849
IRS990ScheduleD/ExpensesSubtotalAmt021160660
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt0711196
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0711196
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt093416
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01055834
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01149250
IRS990ScheduleD/OtherExpensesNotIncludedAmt0985849
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0285449
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01294108
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01579557
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0469339073
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERS' SHARES
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01361625
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt023058000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt110966000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt26417598
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt33460000
IRS990ScheduleD/OtherSecuritiesGrp/Desc0COMMERCIAL BANK - TIME DEPOSITS, CER
IRS990ScheduleD/OtherSecuritiesGrp/Desc1FEDERAL RESERVE BANK
IRS990ScheduleD/OtherSecuritiesGrp/Desc2PREFUND DEF LIAB. MGMT PROGRAM
IRS990ScheduleD/OtherSecuritiesGrp/Desc3CORPORATE CU - SHARES, NOTES,CERTS.
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01361625
IRS990ScheduleD/RevenueSubtotalAmt024127793
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 1,361,625
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2TIMING DIFFERENCE - SEE NOTE BELOW 985,849
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 NUMBERS 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/TotalBookValueLandBuildingsAmt04114564
IRS990ScheduleD/TotalBookValueSecuritiesAmt043901598
IRS990ScheduleD/TotalExpensesPerForm990Amt022146509
IRS990ScheduleD/TotalLiabilityAmt0469339073
IRS990ScheduleD/TotalRevenuePerForm990Amt025489418
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt024127793
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt021160660
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0296557
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1161936
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2136770
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3151338
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount096069
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount137605
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount233688
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount338205
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt023615
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt118891
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt24762
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt324392
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt011200
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt11200
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0FRANCESCO MANCINI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1CARL CASPER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2DENNIS KLEMENZ
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3KAREN SMITH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1EVP & COO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2VP AND CIO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3VP AND CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0427441
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1219632
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt2175220
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt3213935
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0361986
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt1262509
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt2119105

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$565,193,750
Liabilities
$505,566,698
Net assets
$59,627,052
Revenue
$25,489,418
Expenses
$22,146,509
Net income
$3,342,909
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

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