Connexus Credit Union
- Assets
- $3.2b
- Revenue
- $229.1m
- Investments
- $9.9m
- Employees
- 503
- Location
- Wausau, WI
- Founding
- Data as of
- 12/2020
- EIN
- 39-0263945
Connexus Credit Union Overview
Connexus Credit Union is located in Wausau, WI. As of 12/2020, Connexus Credit Union employed 503 individuals.
For the year ending 12/2020, Connexus Credit Union generated $229.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.2% each year . All expenses for the organization totaled $176.6m during the year ending 12/2020. While expenses have increased by 25.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
ENCOURAGE THRIFT AND SELF RELIANCE AMONG MEMBERS BY CREATING A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST IN ORDER TO IMPROVE SOCIAL CONDITIONS OF THE MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE OUR MEMBERS DEPOSIT SERVICES FOR THEIR FUNDS TO EARN THEM A FAIR RATE OF RETURN
PROVIDE OUR MEMBERS LOAN SERVICES AT A FAIR RATE OF INTEREST
PROVIDE OUR MEMBERS ACCESS TO CHECK SERVICES AND OTHER FINANCIAL PRODUCTS.
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Connexus Credit Union Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jdavid Christenson Ceo/president | Officer | 50 | $1,104,381 |
Boyd J Gustke Ceo/president | Officer | 50 | $577,258 |
Daryl R Gessler Cro | Officer | 50 | $372,549 |
David Stark Chief Of Staff | Officer | 50 | $364,684 |
Chad E Rogers Evp/coo | Officer | 50 | $326,023 |
Mary J Burgoyne CFO | Officer | 50 | $319,706 |
Connexus Credit Union Vendors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fiserv Inc Core And Debit Card Processing | 12/30/20 | $1,730,702 |
Alkami Technology Inc Digital Banking | 12/30/20 | $1,154,900 |
Salesforcecom Inc Crm Software | 12/30/20 | $998,769 |
Silverline Consultant For Crm | 12/30/20 | $978,326 |
Cdw Direct Hardware/software | 12/30/20 | $951,377 |
View All Vendors
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $227,893,570 |
| Investment income | $861,317 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $381,602 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $229,140,540 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $51,862,176 |
| Compensation of current officers, directors, key employees. | $4,023,512 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,198,118 |
| Pension plan accruals and contributions | $1,660,525 |
| Other employee benefits | $7,070,930 |
| Payroll taxes | $2,056,127 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,731,881 |
| Fees for services: Accounting | $163,928 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,075 |
| Fees for services: Other | $7,722,506 |
| Advertising and promotion | $1,033,722 |
| Office expenses | $4,449,089 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,132,082 |
| Travel | $508,799 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $278,387 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,894,812 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $176,570,912 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $267,832,486 |
| Savings and temporary cash investments | $1,218,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $22,838,857 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,796,229,565 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,033,602 |
| Net Land, buildings, and equipment | $10,239,791 |
| Investments—publicly traded securities | $3,508,879 |
| Investments—other securities | $9,881,333 |
| Investments—program-related | $0 |
| Intangible assets | $8,645,413 |
| Other assets | $118,868,307 |
| Total assets | $3,243,296,233 |
| Accounts payable and accrued expenses | $31,762,720 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $538,909 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,891,318,920 |
| Total liabilities | $2,923,620,549 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $319,675,684 |
| Total liabilities and net assets/fund balances | $3,243,296,233 |
Connexus Credit Union Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Hospital And Physicians Healthcare Network Columbus, OH | $196,162,333 | $990,886,058 |
Miami Valley Hospital Dayton, OH | $1,540,725,759 | $1,204,039,189 |
Edward W Sparrow Hospital Association Lansing, MI | $1,474,682,154 | $1,000,419,453 |
Woodmen Of The World Life Insurance Society Omaha, NE | $10,949,510,724 | $1,049,679,093 |
University Of Wisconsin Medical Foundation Inc Middleton, WI | $1,086,870,157 | $956,685,711 |
Delta Dental Plan Of Michigan Okemos, MI | $732,148,013 | $963,731,755 |
Bronson Methodist Hospital Kalamazoo, MI | $1,118,333,750 | $952,779,226 |
Childrens Health Care Minneapolis, MN | $1,501,437,326 | $979,158,426 |
Childrens Hospital Medical Center Of Akron Akron, OH | $1,672,516,693 | $1,014,517,498 |
St Lukes Hospital Of Kansas City Kansas City, MO | $1,392,812,481 | $948,488,426 |
Bon Secours Mercy Health Inc Cincinnati, OH | $1,754,618,214 | $1,032,037,001 |
Deaconess Hospital Inc Evansville, IN | $1,654,034,103 | $1,047,627,616 |
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