At Connex, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We are committed to maintaining a solid foundation that supports your financial needs. With a
net worth of $94,541,645, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our
net worth ratio of $915 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through
$335,904,140 in share certificates and
$124,795,479 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at
$101,304,858, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. With
$88,273,425 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity is further supported by
$11,767 in used auto loans and
$910,469,240 in total loans and leases, enabling us to assist you with your financial goals across various sectors. Though we reported a
net income of $0, this reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having
154 full-time employees and
9 part-time employees who are always ready to serve you with a knowledgeable and committed team. Net Shares (Funds available for lending and investments):
$10,509,540. Additionally, the total number of Share Accounts stands at
128,933, showcasing a strong and growing member base that trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Connex is your trusted partner. Visit us at 116 Washington Ave North Haven Ct 06473 or call to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at:
https://www.ncua.gov , based on the latest results.