2023-11-15T10:33:39-05:00 2022-12-31 205411348 DZINSKI POLZELLA LLC 415 MIDDLEBURY RD MIDDLEBURY CT 067622502 990 2022-01-01 060655052 CONNEX CREDIT UNION CONN 412 WASHINGTON AVENUE NORTH HAVEN CT 06473 BARBARA BAFUMI VP CONTROLLER 2036035709 2023-11-13 true BARBARA BAFUMI 999009999 false JOSEPH P POLZELLA CPA P01269111 2035980502 2023-11-13 2022 2023-04-26 12:10:37Z FRANCESCO MANCINI 412 WASHINGTON AVENUE NORTH HAVEN CT 06473 35206220 false X WWW.CONNEXCU.ORG X 1940 CT TO PROVIDE MEMBERS WITH DEPOSITORY, LENDING AND OTHER CREDIT UNION SERVICES. 9 9 191 296121 0 29108321 33494118 1663178 1712102 0 30771499 35206220 0 2874296 3841170 11302512 12125258 0 0 10179970 11315915 24356778 27282343 6414721 7923877 868570264 957477676 788570918 874572978 79999346 82904698 TO PROVIDE MEMBERS WITH CREDIT UNION SERVICES. false false 27282343 TO PROVIDE MEMBERS WITH DEPOSIT AND LENDING SERVICES 27282343 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 12138 0 true 191 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 JANICE BRYDEN CHAIRPERSON 5.00 X X 3488 0 0 COREY STONE VICE CHAIRPE 5.00 X X 8483 0 0 MALCOLM ELLIS SECRETARY 5.00 X X 10000 0 0 WESLEY JOHNSON TREASURER 5.00 X X 3096 0 0 ANNIE HARPER DIRECTOR 1.00 X 1916 0 0 EDWARD ROSENTHAL DIRECTOR 1.00 X 0 0 0 MATTHEW TURNER DIRECTOR 1.00 X 3109 0 0 HENRY FERNANDEZ DIRECTOR 1.00 X 1795 0 0 WENDY CLARKE DIRECTOR 1.00 X 0 0 0 FRANCESCO MANCINI CEO 40.00 X 684890 0 12200 DAVID BIRKINS VP FINANCE A 40.00 X 162038 0 2423 CARL CASPER EVP & COO 40.00 X 315916 0 10557 DENNIS KLEMENZ VP AND CIO 40.00 X 252034 0 10283 BARBARA BAFUMI VP CONTROLLE 40.00 X 180078 0 7177 AMY MOQUET DIR HR 40.00 X 167005 0 5616 MICHAEL TAYLOR ASST. VP 40.00 X 153221 0 5597 JASON ROCHEFORT ASST. VP 40.00 X 139011 0 5458 SUZANNE MINK ASST. VP 40.00 X 128983 0 4574 JAMES LUURTSEMA DIRECTOR IT 40.00 X 128522 0 3404 MICHAEL O'BRIEN BUS. DEV. OF 40.00 X 116245 0 4912 CRAIG SUTTER SR. PROJ. MG 40.00 X 128711 0 3932 2588541 76133 12 true true false LOAN INTEREST 522100 26621336 26621336 OPERATING FEES 6576661 6576661 INSURANCE SALES 524298 171488 171488 INVESTMENT SERVICES 523940 75380 75380 ATM NONMEMBERS 525990 49253 49253 33494118 1712102 1712102 35206220 33197997 296121 1712102 3841170 1695035 252034 8027046 331185 1819958 538017 1249951 2671348 2046407 1278158 82998 PROVISION FOR LOAN LOSS 1085159 LOAN INTEREST EXPENSE 854214 LOAN SERVICING 777967 COGS 271833 459863 27282343 0 0 0 8572424 7115146 200236 2075765 1351314 1257719 694257672 833188078 13623156 4177711 8842331 9445445 53479962 53927179 83831940 30336060 18034385 20132284 868570264 957477676 1080400 1658949 4583034 4981963 20004736 49787394 762902748 818144672 788570918 874572978 X 79999346 82904698 79999346 82904698 868570264 957477676 X 7923877 -4816336 -202189 X false true X true false false true X 3641589 3641589 5295296 1605849 3689447 1634576 864833 769743 2211434 1305796 905638 840261 401233 439028 9445445 MEMBERS' SHARES 818144672 818144672 31711548 31711548 3494672 3494672 35206220 25707472 25707472 1574871 1574871 27282343 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 3,494,672 SCHEDULE D, PAGE 4, PART XII, LINE 4B TIMING DIFFERENCES - SEE NOTE BELOW 1,574,871 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 FIGURES AN THIS TAX RETURN. false false false FRANCESCO MANCINI CEO 684890 12200 697090 DAVID BIRKINS VP FINANCE AND CFO 162038 2423 164461 CARL CASPER EVP & COO 315916 10557 326473 DENNIS KLEMENZ VP AND CIO 252034 10283 262317 BARBARA BAFUMI VP CONTROLLER 180078 7177 187255 AMY MOQUET DIR HR 167005 5616 172621 MICHAEL TAYLOR ASST. VP 153221 5597 158818 GREG MACLEOD FORMER DIRECTOR MORTGAGE X 327800 304242 false true true JEFFREY O'CONNOR SUPER. COMMITTEE MBR MORTGAGE X 390000 232522 false true true LISA FITZGERALD FORMER DIRECTOR MORTGAGE X 288000 228982 false true true ROBERT RANSOM SUPER. COMMITTEE MBR MORTGAGE X 292000 213476 false true true ANNIE HARPER DIRECTOR HOME EQUITY LOAN X 166000 110037 false true true HENRY FERNANDEZ III DIRECTOR USED VEHICLE X 54391 53617 false true true DAVID NOWAK SUPER COMMITTEE MBR MORTGAGE X 190000 47285 false true true MATT D TURNER DIRECTOR USED AUTO X 45065 19154 false true true MALCOLM ELLIS DIRECTOR USED VEHICLE X 30919 14162 false true true EDWARD ROSENTHAL DIRECTOR USED VEHICLE X 56833 12100 false true true SHAFQAT HUSSAIN HUSBAND OF DIRECTOR USED VEHICLE X 22500 11965 false true true JEFFREY O'CONNOR DIRECTOR HELOC X 100000 8279 false true true ANNIE HARPER DIRECTOR SIGNATURE LOAN X 20000 1898 false true true 1257719 SCHEDULE L, PART II SHAFQAT HUSSAIN FROM 22,500 11,965 USED VEHICLE ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT JEFFREY O'CONNOR FROM 100,000 8,279 HELOC ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT ANNIE HARPER FROM 20,000 1,898 SIGNATURE LOAN ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT 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 EMPLOYEE RETENTION CREDIT RECEIVED 2,000,000 UNREALIZED LOSS MGMT BENEFIT PROGRAM -2,202,189 TOTAL -202,189 CIS LLC 412 WASHINGTON AVENUE NORTH HAVEN CT 06473 273482571 HOLDING CO CT CONNEX CR