2024-11-14T16:53:50-05:00 2023-12-31 205411348 DZINSKI POLZELLA LLC 415 MIDDLEBURY RD MIDDLEBURY CT 067622502 990 2023-01-01 060655052 CONNEX CREDIT UNION CONN 412 WASHINGTON AVENUE NORTH HAVEN CT 06473 BARBARA BAFUMI VP CONTROLLER 2036035709 2024-11-15 true false JOSEPH P POLZELLA CPA P01269111 2035980502 2024-11-14 2023 2024-10-15 13:58:12Z FRANCESCO MANCINI 412 WASHINGTON AVENUE NORTH HAVEN CT 06473 43567121 false X WWW.CONNEXCU.ORG X 1940 CT TO PROVIDE MEMBERS WITH DEPOSITORY, LENDING AND OTHER CREDIT UNION SERVICES. 9 9 201 291480 0 33494118 41142814 1712102 2424307 0 35206220 43567121 0 3841170 13385351 12125258 12307740 0 0 11315915 13549260 27282343 39242351 7923877 4324770 957477676 1012806214 874572978 924140935 82904698 88665279 TO PROVIDE MEMBERS WITH CREDIT UNION SERVICES. false false 39242351 TO PROVIDE MEMBERS WITH DEPOSIT AND LENDING SERVICES 39242351 false false false false false false false true false true false false false true false true true false false false false false false false false false false false true false true false false false false false false false false true false false false true 13862 0 true 201 true true true false false false false false false false X 9 9 false false false false true true true true true false false false true true true true true true true false CT X CONNEX CREDIT UNION 2036035709 412 WASHINGTON AVE NORTH HAVEN CT 06473 COREY STONE CHAIRPERSON 5.00 X X 8746 0 0 MATTHEW TURNER VICE CHAIR 5.00 X X 3612 0 0 MALCOLM ELLIS SECRETARY 5.00 X X 10000 0 0 WESLEY JOHNSON TREASURER 5.00 X X 8991 0 0 JANICE BRYDEN DIRECTOR 1.00 X 5158 0 0 WENDY CLARKE DIRECTOR 1.00 X 8991 0 0 HENRY FERNANDEZ DIRECTOR 1.00 X 1798 0 0 ANNIE HARPER DIRECTOR 1.00 X 2460 0 0 EDWARD ROSENTHAL DIRECTOR 1.00 X 0 0 0 FRANCESCO MANCINI CEO 40.00 X 766912 0 13200 DAVID BIRKINS VP FINANCE A 40.00 X 307468 0 12743 CARL CASPER EVP & COO 40.00 X 419200 0 13168 BARBARA BAFUMI VP CONTROLLE 40.00 X 175541 0 7431 AMY MOQUET DIR HR 40.00 X 181743 0 7410 MICHAEL TAYLOR ASST. VP 40.00 X 156367 0 6825 JASON ROCHEFORT ASST. VP 40.00 X 142505 0 5777 SUZANNE MINK ASST. VP 40.00 X 138460 0 5878 LOUISE NESTOR ASST. VP MAR 40.00 X 116761 0 4888 MICHAEL O'BRIEN BUS. DEV. OF 40.00 X 118809 0 5135 CRAIG SUTTER SR. PROJ. MG 40.00 X 134136 0 5137 2707658 87592 15 false true false LOAN INTEREST 522100 34755816 34755816 OPERATING FEES 6095518 6095518 INSURANCE SALES 524298 151222 151222 INVESTMENT SERVICES 523940 92479 92479 ATM NONMEMBERS 525990 47779 47779 41142814 2424307 2424307 43567121 40851334 291480 2424307 13385351 2117764 7951095 206635 2032246 562892 1113040 2724744 2199420 1284526 59651 LOAN INTEREST EXPENSE 2973847 PROVISION FOR LOAN LOSS 1330767 LOAN SERVICING 731127 COGS 274728 294518 39242351 0 0 0 7115146 5337159 2075765 501255 1257719 902069 833188078 874748300 17987184 4919026 9445445 13068158 53927179 47325000 30336060 42777263 20132284 28147010 957477676 1012806214 1658949 2803832 4981963 5326010 49787394 40696933 818144672 875314160 874572978 924140935 X 82904698 88665279 82904698 88665279 957477676 1012806214 X 4324770 507299 928512 X false true X true false false true X 3641589 3641589 9240547 1765695 7474852 1698564 931458 767106 2461096 1631952 829144 945388 589921 355467 13068158 MEMBERS' SHARES 875314160 875314160 43323864 1435811 1435811 41888053 1679068 1679068 43567121 36610760 36610760 2631591 2631591 39242351 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 DIFFERENCES - SEE NOTE BELOW 1,679,068 SCHEDULE D, PAGE 4, PART XII, LINE 4B TIMING DIFFERENCES - SEE NOTE BELOW 2,631,591 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 THE AUDITED FINANCIAL FIGURES AND THIS TAX RETURN. false false false FRANCESCO MANCINI CEO 766912 13200 780112 DAVID BIRKINS VP FINANCE AND CFO 307468 12743 320211 CARL CASPER EVP & COO 419200 13168 432368 BARBARA BAFUMI VP CONTROLLER 175541 7431 182972 AMY MOQUET DIR HR 181743 7410 189153 MICHAEL TAYLOR ASST. VP 156367 6825 163192 GREG MACLEOD FORMER DIRECTOR MORTGAGE X 327800 297671 false true true JEFFREY O'CONNOR SUPER. COMMITTEE MBR MORTGAGE X 390000 203095 false true true ROBERT RANSOM SUPER. COMMITTEE MBR MORTGAGE X 292000 195571 false true true ANNIE HARPER DIRECTOR HOME EQUITY LOAN X 166000 93978 false true true HENRY FERNANDEZ III DIRECTOR USED VEHICLE X 54391 43486 false true true DAVID NOWAK SUPER COMMITTEE MBR MORTGAGE X 190000 31672 false true true MATT D TURNER DIRECTOR USED AUTO X 45065 18980 false true true MALCOLM ELLIS DIRECTOR USED VEHICLE X 30919 8128 false true true SHAFQAT HUSSAIN HUSBAND OF DIRECTOR USED VEHICLE X 22500 7413 false true true JEFFREY O'CONNOR DIRECTOR HELOC X 100000 2075 false true true 902069 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. FORM 990, PART XI, LINE 9 UNREALIZED GAIN ON BENEFIT MGMT PROGRAM 928,512 CIS LLC 412 WASHINGTON AVENUE NORTH HAVEN CT 06473 273482571 HOLDING CO CT CONNEX CR