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CONNEXUS

Charter #66538 · WI

Mid-Market 3B-5B
78 CUs in 3B-5B nationally 5 in WI
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CONNEXUS has 4 strengths but faces 8 concerns

Key Strengths

Areas where this CU excels compared to peers

  • + Net Interest Margin 0.36% above tier average
  • + First Mortgage Concentration (%): Top 1.3% in tier
  • + Total Members: Top 1.3% in tier
  • + Members Per Employee (MPE): Top 3.8% in tier

Key Concerns

Areas that may need attention

  • - Institutional Decline: Bottom 8.6% in tier
  • - Liquidity Strain: Bottom 36.3% in tier
  • - Credit Quality Pressure: Bottom 42.9% in tier
  • - Indirect Auto Dependency: Bottom 92.1% in tier
  • - Stagnation Risk: Bottom 97.1% in tier
  • - Membership Headwinds: Bottom 97.1% in tier
  • - ROA 0.68% below tier average
  • - Efficiency ratio 4.90% above tier (higher cost structure)

Core Metrics

As of 2026-Q1

Metric Current vs Tier Tier Avg State Avg (WI) National Avg Tier Percentile
Members 425,699
-8.5% YoY-2.1% QoQ
+205.3K 220,435
-7.6% YoY
39,491
+5.5% YoY
33,913
+5.7% YoY
Top 2.6% in tier
Assets $4.1B
-1.3% YoY+5.6% QoQ
+$233.5M $3.9B
-1.5% YoY
$762.9M
+12.1% YoY
$578.3M
+9.0% YoY
58%
Loans $3.3B
-10.8% YoY-2.7% QoQ
+$394.7M $2.9B
-1.1% YoY
$579.7M
+11.3% YoY
$402.4M
+8.7% YoY
72%
Deposits $3.6B
-5.4% YoY+6.6% QoQ
+$329.3M $3.3B
-2.5% YoY
$643.6M
+11.9% YoY
$494.3M
+9.1% YoY
69%

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Tier 1
50+ financial metrics with peer benchmarks
Performance signatures (strengths & concerns)
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ROA 0.1%
-104.2% YoY-121.2% QoQ
-0.7% 0.7%
+10.6% YoY
0.3%
+1.8% YoY
0.4%
-39.2% YoY
Bottom 5.1% in tier
NIM 3.6%
-4.0% YoY-9.6% QoQ
+0.4% 3.2%
+4.6% YoY
3.4%
+8.2% YoY
3.8%
+4.1% YoY
70%
Efficiency Ratio 76.2%
-10.3% YoY+1.0% QoQ
+4.9% 71.3%
-2.6% YoY
77.2%
-0.5% YoY
84.6%
+2.8% YoY
72%
Delinquency Rate 1.9%
+3.0% YoY-12.2% QoQ
+1.1 0.7%
+9.2% YoY
0.7%
-8.9% YoY
1.2%
+3.4% YoY
Bottom 3.8% in tier
Loan To Share 90.6%
-5.7% YoY-8.8% QoQ
+2.7% 88.0%
+0.9% YoY
78.6%
-0.5% YoY
65.6%
-1.4% YoY
49%
AMR $16,244
+0.5% YoY+4.1% QoQ
$-14K $30,672
+5.5% YoY
$24,071
+7.1% YoY
$19,920
+1.6% YoY
Bottom 2.6% in tier
CD Concentration 46.6%
-7.0% YoY+12.1% QoQ
+17.7% 28.8% 21.6% 19.8% Top 3.9% in tier
Indirect Auto % 15.1%
+13.3% YoY+4.7% QoQ
-2.9% 18.1% 8.0% 7.7% 49%

Signature Analysis

Strengths (0)

No strengths identified

Concerns (6)

Stagnation Risk

risk
#2 of 91 • Bottom 97.1% in tier

Membership shrinking at least 0.5% year-over-year. Declining member base creates long-term risk even if current operations appear healthy.

Why This Signature
Member Growth (YoY): -8.49%
(Tier: 3.50%, National: 10.19%)
worse than tier avg
Loan Growth (YoY): -10.78%
(Tier: 6.71%, National: 1.74%)
worse than tier avg
Delinquency Rate: 1.89%
(Tier: 0.75%, National: 1.19%)
worse than tier avg
91 of 384 Mid-Market CUs have this signature | 676 nationally
→ No prior data (91 CUs now) | New qualifier

Institutional Decline

decline
#2 of 31 • Bottom 8.6% in tier

Both members and loans declining - the institution is contracting. Leadership is likely under pressure to reverse course.

Why This Signature
Total Assets: $4.15B
(Tier: $2.16B, National: $578.34M)
but better than tier avg
Member Growth (YoY): -8.49%
(Tier: 3.50%, National: 10.19%)
worse than tier avg
Loan Growth (YoY): -10.78%
(Tier: 6.71%, National: 1.74%)
worse than tier avg
31 of 384 Mid-Market CUs have this signature | 289 nationally
→ No prior data (31 CUs now) | New qualifier

Membership Headwinds

decline
#12 of 91 • Bottom 97.1% in tier

Membership declining year-over-year. They need solutions to stop the bleeding before it impacts revenue.

Why This Signature
Member Growth (YoY): -8.49%
(Tier: 3.50%, National: 10.19%)
worse than tier avg
91 of 384 Mid-Market CUs have this signature | 676 nationally
→ No prior data (91 CUs now) | New qualifier

Credit Quality Pressure

risk
#163 of 225 • Bottom 42.9% in tier

Delinquencies are rising year-over-year. Credit risk is building - they may need better underwriting tools.

Why This Signature
Delinquency Change (YoY): 0.05% points
(Tier: 0.06% points, National: 0.12% points)
but better than tier avg
225 of 384 Mid-Market CUs have this signature | 1013 nationally
→ Stable (228→225 CUs) -3 CUs YoY | New qualifier

Indirect Auto Dependency

risk
#192 of 198 • Bottom 92.1% in tier

Significant portion of loan portfolio in indirect auto (>15%). This concentration creates dependency on dealer relationships.

Why This Signature
Asset Growth (YoY): -1.29%
(Tier: 6.82%, National: 1663.40%)
worse than tier avg
Indirect Auto %: 15.13%
(Tier: 18.07%, National: 7.73%)
but better than tier avg
Member Growth (YoY): -8.49%
(Tier: 3.50%, National: 10.19%)
worse than tier avg
198 of 384 Mid-Market CUs have this signature | 745 nationally
↓ Shrinking -10 CUs YoY | New qualifier

Liquidity Strain

risk
#147 of 148 • Bottom 36.3% in tier

Loan demand outpacing deposits. They're bumping against liquidity limits - need funding solutions.

Why This Signature
Loan-to-Share Ratio: 90.64%
(Tier: 84.20%, National: 65.58%)
but better than tier avg
Loan Growth (YoY): -10.78%
(Tier: 6.71%, National: 1.74%)
worse than tier avg
148 of 384 Mid-Market CUs have this signature | 367 nationally
→ Stable (149→148 CUs) -1 CUs YoY | Rank worsening

Metric Rankings

See how this credit union ranks across all tracked metrics compared to peers.

Strengths: Metrics in the top 25% (75th percentile or higher) Concerns: Metrics in the bottom 25% (25th percentile or lower)

Comparing against 78 peers in tier

Top Strengths (3 metrics)

2
First Mortgage Concentration (%)
balance_sheet
Value: 8.65%
Peer Median: 32.80%
#2 of 78 Top 1.3% in 3B-5B tier
2
Total Members
engagement
Value: 425,699
Peer Median: 212,824
#2 of 78 Top 1.3% in 3B-5B tier
4
Members Per Employee (MPE)
engagement
Value: 708.318
Peer Median: 393.414
#4 of 78 Top 3.8% in 3B-5B tier

Top Weaknesses (12 metrics)

78
Fee Income Per Member
profitability
Value: $28.47
Peer Median: $175.66
#78 of 78 Bottom 1.3% in 3B-5B tier
76
Total Delinquency Rate (60+ days)
risk
Value: 1.89%
Peer Median: 0.54%
#76 of 78 Bottom 3.8% in 3B-5B tier
76
Net Worth Ratio
risk
Value: 7.37%
Peer Median: 10.59%
#76 of 78 Bottom 3.8% in 3B-5B tier
76
Average Member Relationship (AMR)
engagement
Value: $16,244
Peer Median: $28,813
#76 of 78 Bottom 3.8% in 3B-5B tier
76
Loan-to-Member Ratio (LMR)
engagement
Value: $7,723
Peer Median: $13,137
#76 of 78 Bottom 3.8% in 3B-5B tier
75
Loan Growth Rate
growth
Value: -10.78%
Peer Median: 5.73%
#75 of 78 Bottom 5.1% in 3B-5B tier
75
Deposit Growth Rate
growth
Value: -5.40%
Peer Median: 5.31%
#75 of 78 Bottom 5.1% in 3B-5B tier
75
Net Charge-Off Rate
risk
Value: 2.04%
Peer Median: 0.46%
#75 of 78 Bottom 5.1% in 3B-5B tier
74
Return on Assets (ROA)
profitability
Value: 0.05%
Peer Median: 0.75%
#74 of 78 Bottom 6.4% in 3B-5B tier
74
Share Certificate Concentration (%)
balance_sheet
Value: 46.57%
Peer Median: 31.76%
#74 of 78 Bottom 6.4% in 3B-5B tier
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