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Nonprofit · EIN 06-0655052

CONNEX CREDIT UNION INC

Tax-exempt · NORTH HAVEN, CT 06473

Financials

$43.6M$39.2M2023$52M$50.9M2024
Revenue Expenses · by fiscal year end
Financials of CONNEX CREDIT UNION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$52,043,001$50,919,757$1,123,244$1,046,785,625$955,698,183$91,087,442
December 31, 2023990$43,567,121$39,242,351$4,324,770$1,012,806,214$924,140,935$88,665,279
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$51,032,384
Investment income
$1,010,617
Net gain from sales of assets
-$2,346,311
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$22,005,215
Compensation of officers, directors and key employees
$1,747,743
Other salaries and wages
$9,225,646
Salaries, compensation and benefits (total)
$13,972,561
Professional fundraising fees
$0
Occupancy
$1,576,518

Balance sheet and other

Total assets, start of year
$1,012,806,214
Total assets, end of year
$1,046,785,625
Total liabilities, end of year
$955,698,183
Net assets, end of year
$91,087,442
Land, buildings and equipment
$14,813,422
Publicly traded securities
$59,596,000
Gross unrelated business income
$319,350
Gross receipts
$68,996,472
Employees
196
Year formed
1940
State of legal domicile
CT

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
FRANCESCO MANCINICEO
Officer
40$709,714$13,800
CARL CASPEREVP & COO
Officer
40$435,464$13,800
DAVID BIRKINSVP FINANCE A
Officer
40$287,528$10,417
ANDRE JOHNSONVP AND CIO
Officer
40$212,636$8,108
BARBARA BAFUMIVP CONTROLLE
Key employee
40$186,357$7,413
MICHAEL TAYLORASST. VP
Former
40$155,875$6,586
JASON ROCHEFORTVP BRANCH AD
Key employee
40$154,457$5,213
LOUISE NESTORASST. VP MAR
Highest-paid employee
40$131,687$5,162
MICHAEL O'BRIENVP LENDING
Highest-paid employee
40$126,703$5,497
NADINE MARTONEASST VP MEMB
Highest-paid employee
40$127,174$4,704
MALCOLM ELLISSECRETARY
Trustee or director, Officer
5$10,000$0
WENDY CLARKEDIRECTOR
Trustee or director
1$10,000$0
COREY STONECHAIRPERSON
Trustee or director, Officer
5$9,398$0
JANICE BRYDENDIRECTOR
Trustee or director
1$6,331$0
ANNIE HARPERDIRECTOR
Trustee or director
1$4,419$0
4 more people on this return
NameTitleHours / weekCompensation
MATTHEW TURNERVICE CHAIR
Trustee or director, Officer
5$3,434
WESLEY JOHNSONTREASURER
Trustee or director, Officer
5$3,348
HENRY FERNANDEZDIRECTOR
Trustee or director
1$2,185
EDWARD ROSENTHALDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 20 people
NameTitleHours / weekCompensationOther / benefits
FRANCESCO MANCINICEO
Officer
40$766,912$13,200
CARL CASPEREVP & COO
Officer
40$419,200$13,168
DAVID BIRKINSVP FINANCE A
Officer
40$307,468$12,743
AMY MOQUETDIR HR
Key employee
40$181,743$7,410
BARBARA BAFUMIVP CONTROLLE
Key employee
40$175,541$7,431
MICHAEL TAYLORASST. VP
Key employee
40$156,367$6,825
JASON ROCHEFORTASST. VP
Highest-paid employee
40$142,505$5,777
SUZANNE MINKASST. VP
Highest-paid employee
40$138,460$5,878
CRAIG SUTTERSR. PROJ. MG
Highest-paid employee
40$134,136$5,137
MICHAEL O'BRIENBUS. DEV. OF
Highest-paid employee
40$118,809$5,135
LOUISE NESTORASST. VP MAR
Highest-paid employee
40$116,761$4,888
MALCOLM ELLISSECRETARY
Trustee or director, Officer
5$10,000$0
WESLEY JOHNSONTREASURER
Trustee or director, Officer
5$8,991$0
WENDY CLARKEDIRECTOR
Trustee or director
1$8,991$0
COREY STONECHAIRPERSON
Trustee or director, Officer
5$8,746$0
JANICE BRYDENDIRECTOR
Trustee or director
1$5,158$0
MATTHEW TURNERVICE CHAIR
Trustee or director, Officer
5$3,612$0
ANNIE HARPERDIRECTOR
Trustee or director
1$2,460$0
HENRY FERNANDEZDIRECTOR
Trustee or director
1$1,798$0
EDWARD ROSENTHALDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
412 WASHINGTON AVE, NORTH HAVEN, CT 06473-1309
In care of
% KAREN SMITH
Principal officer (990 for 2024)
FRANCESCO MANCINI, 412 WASHINGTON AVENUE, NORTH HAVEN, CT 06473
Signed the 990
BARBARA BAFUMI, VP CONTROLLER
Phone
(203) 603-5709
Return prepared by
DZINSKI POLZELLA LLC

Mission

TO PROVIDE MEMBERS WITH CREDIT UNION SERVICES.

990 for the year ended December 31, 2024

Program accomplishments

  • TO PROVIDE MEMBERS WITH DEPOSIT AND LENDING SERVICES
    Expenses $50,919,757

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
06-0655052
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
1976
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,046,785,625
Income (IRS master file)
$68,996,472

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$52,043,001$50,919,757$1,046,785,625IRS
990December 2023$43,567,121$39,242,351$1,012,806,214XML
990December 2022$35,206,220$27,282,343$957,477,676IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 06-0655052).

Questions about CONNEX CREDIT UNION INC

What is the EIN of CONNEX CREDIT UNION INC?
The employer identification number (EIN) of CONNEX CREDIT UNION INC is 06-0655052.
Is CONNEX CREDIT UNION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1976.
Are donations to CONNEX CREDIT UNION INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does CONNEX CREDIT UNION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of CONNEX CREDIT UNION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CONNEX CREDIT UNION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of CONNEX CREDIT UNION INC?
The 990 for the year ended December 31, 2024 names FRANCESCO MANCINI.
Who are the officers and directors of CONNEX CREDIT UNION INC?
The 990 for the year ended December 31, 2024 lists 19 people; 18 received compensation from the organization, the highest $709,714 (FRANCESCO MANCINI, CEO).
How much revenue does CONNEX CREDIT UNION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $52,043,001, expenses of $50,919,757 and total assets of $1,046,785,625 at year end.

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