Connex Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 060655052 ✦ North haven, CT ✦ Designated as a 501(c)(14)

Overview

What is Connex Credit Union?

Connex Credit Union is a member-owned financial institution based on providing a comprehensive suite of services. With a focus on depository and lending solutions, this credit union goes beyond the basics, offering its members various financial products such as Unbank Checking, a Smart Score credit score range, and free online and mobile banking. The credit union's mission is to cater to its members' diverse financial needs, ensuring they have access to essential services and tools for managing their money effectively.


Official website here: www.connexcu.org

Is Connex Credit Union legitimate?

Connex Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Connex Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $1,695,035
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,027,046

For more financial information, click here


Official website here: www.connexcu.org

What is the mission statement of Connex Credit Union?

Connex Credit Union is a member-owned financial institution committed to providing a comprehensive suite of services to its members. The credit union offers various financial products and tools, with a focus on savings and lending solutions. Members have access to Unbank Checking, Smart Score credit score range, free online and mobile banking, and more. In essence, Connex Credit Union aims to empower its members to effectively manage their finances and make informed financial decisions.


Official website here: www.connexcu.org

Who is the CEO of Connex Credit Union?

Francesco Mancini is the Ceo of Connex Credit Union. The CEO's salary of Connex Credit Union is $684,890 and their total compensation is $697,090.


Official website here: www.connexcu.org

What is the revenue of Connex Credit Union?

Connex Credit Union's revenue in 2022 was $35,206,220.


Official website here: www.connexcu.org

Who are the executives of Connex Credit Union and what are their salaries?

The average compensation at Connex Credit Union during 2022 was $50,901. There are 191 employees at Connex Credit Union.

Here are 21 key members and their salaries (Connex Credit Union's CEO's salary is $684,890 and their total compensation is $697,090):

    Francesco Mancini (Ceo)
  • Compensation: $684,890
  • Related: $0
  • Other: $12,200

    • Carl Casper (Evp & Coo)
  • Compensation: $315,916
  • Related: $0
  • Other: $10,557

    • Dennis Klemenz (Vp And Cio)
  • Compensation: $252,034
  • Related: $0
  • Other: $10,283

    • Barbara Bafumi (Vp Controlle)
  • Compensation: $180,078
  • Related: $0
  • Other: $7,177

    • Amy Moquet (Dir Hr)
  • Compensation: $167,005
  • Related: $0
  • Other: $5,616

    • David Birkins (Vp Finance A)
  • Compensation: $162,038
  • Related: $0
  • Other: $2,423

    • Michael Taylor (Asst. Vp)
  • Compensation: $153,221
  • Related: $0
  • Other: $5,597

    • Jason Rochefort (Asst. Vp)
  • Compensation: $139,011
  • Related: $0
  • Other: $5,458

    • Suzanne Mink (Asst. Vp)
  • Compensation: $128,983
  • Related: $0
  • Other: $4,574

    • Craig Sutter (Sr. Proj. Mg)
  • Compensation: $128,711
  • Related: $0
  • Other: $3,932

    • James Luurtsema (Director It)
  • Compensation: $128,522
  • Related: $0
  • Other: $3,404

    • Michael O'Brien (Bus. Dev. Of)
  • Compensation: $116,245
  • Related: $0
  • Other: $4,912

    • Malcolm Ellis (Secretary) [Trustee/Director]
  • Compensation: $10,000
  • Related: $0
  • Other: $0

    • Corey Stone (Vice Chairpe) [Trustee/Director]
  • Compensation: $8,483
  • Related: $0
  • Other: $0

    • Janice Bryden (Chairperson) [Trustee/Director]
  • Compensation: $3,488
  • Related: $0
  • Other: $0

    • Matthew Turner (Director)
  • Compensation: $3,109
  • Related: $0
  • Other: $0

    • Wesley Johnson (Treasurer) [Trustee/Director]
  • Compensation: $3,096
  • Related: $0
  • Other: $0

    • Annie Harper (Director)
  • Compensation: $1,916
  • Related: $0
  • Other: $0

    • Henry Fernandez (Director)
  • Compensation: $1,795
  • Related: $0
  • Other: $0

    • Edward Rosenthal (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Wendy Clarke (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.connexcu.org

    Where can I find the form 990 for Connex Credit Union?

    The Connex Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.connexcu.org

    Learn more at the official website: www.connexcu.org

    Mission Statement of Connex Credit Union

    Connex Credit Union, a member-owned financial institution, is dedicated to delivering a comprehensive suite of services to its members. With a mission to provide deposit and lending services, among other financial solutions, Connex Credit Union empowers its members to manage their money effectively.

    Capable of offering various financial products, Connex Credit Union caters to the saving and borrowing needs of its members. The organization goes beyond the basics, providing Unbank Checking and a Smart Score credit score range as additional benefits. Furthermore, members have the convenience of utilizing free online and mobile banking services to manage their accounts at their leisure.

    Connex Credit Union's commitment to its members extends beyond traditional financial services. The credit union prides itself on offering a full range of financial solutions designed to meet the diverse needs of its membership base. By prioritizing accessibility and convenience, Connex Credit Union ensures that its members have the tools they need to make informed financial decisions and build a strong financial future.

    Impact

    This information is meant to be a general summary of Connex Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Connex Credit Union has a significant impact on its members and the community by providing essential financial services and products. As a member-owned credit union, Connex offers a wide range of services, including savings and loans, Unbank Checking, Smart Score credit score range, and free online and mobile banking. By prioritizing the needs of its members, Connex helps individuals and families manage their finances effectively, build wealth, and achieve their financial goals. This commitment to service and financial empowerment contributes to the overall economic well-being of the community it serves.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,712,102
  • Program Service Revenue: $33,494,118
  • Gross Receipts: $35,206,220

    • Assets and Liabilities:
  • Total Assets: $957,477,676
  • Total Liabilities: $874,572,978
  • Net Assets: $82,904,698
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    LOAN INTEREST

    Revenue

    $26,621,336

    OPERATING FEES

    Revenue

    $6,576,661

    INSURANCE SALES

    Revenue

    $171,488

    INVESTMENT SERVICES

    Revenue

    $75,380

    ATM NONMEMBERS

    Revenue

    $49,253

    Organization Details

    Founding Year

    1940

    Principal Officer

    Francesco Mancini

    Main Address

    412 WASHINGTON AVENUE, NORTH HAVEN, CT, 06473

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Connex Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.