BlastPoint's Credit Union Scorecard

CONNEX

Charter #68511 · CT

Mid-Market 1B-3B

306 CUs in 1B-3B nationally 5 in CT

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CONNEX faces 8 concerns requiring attention

National Analysis

How does the industry compare?

Mid-Market Tier

What's your peer group doing?

CT Analysis

How does CT stack up?

Key Strengths

Areas where this CU excels compared to peers

No key strengths identified

Key Concerns

Areas that may need attention

- Efficiency Drag: Bottom 6.8% in tier
- Liquidity Strain: Bottom 13.8% in tier
- Indirect Auto Dependency: Bottom 88.2% in tier
- Stagnation Risk: Bottom 91.1% in tier
- Membership Headwinds: Bottom 91.1% in tier
- Institutional Decline: Bottom 96.3% in tier
- ROA 0.53% below tier average
- Efficiency ratio 13.08% above tier (higher cost structure)

Core Metrics

As of 2026-Q1

Metric	Current	vs Tier	Tier Avg	State Avg (CT)	National Avg	Tier Percentile
Members	68,675 -3.6% YoY-5.0% QoQ	-27.4K	96,048 -2.7% YoY	14,157 +8.2% YoY	33,913 +5.7% YoY	26%
Assets	$1.0B -0.1% YoY+1.4% QoQ	$-675.9M	$1.7B +0.4% YoY	$246.5M +13.9% YoY	$578.3M +9.0% YoY	Bottom 4.6% in tier
Loans	$886.4M -2.4% YoY-0.5% QoQ	$-327.3M	$1.2B +0.2% YoY	$136.3M +13.4% YoY	$402.4M +8.7% YoY	26%
Deposits	$894.7M -0.3% YoY+2.1% QoQ	$-570.8M	$1.5B +0.5% YoY	$217.1M +13.8% YoY	$494.3M +9.1% YoY	Bottom 5.6% in tier

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Tier 1

50+ financial metrics with peer benchmarks

Performance signatures (strengths & concerns)

AI-generated insights and rankings

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ROA	0.2% -47.8% QoQ	-0.5%	0.7% +27.6% YoY	0.6% +218.7% YoY	0.4% -39.2% YoY	Bottom 9.5% in tier
NIM	2.5% +17.0% YoY+6.0% QoQ	-0.8%	3.4% +6.2% YoY	3.6% +1.6% YoY	3.8% +4.1% YoY	Bottom 6.9% in tier
Efficiency Ratio	87.7% -2.9% YoY+6.4% QoQ	+13.1%	74.6% -3.0% YoY	83.6% -6.8% YoY	84.6% +2.8% YoY	Bottom 7.5% in tier
Delinquency Rate	0.6% -8.8% YoY-24.9% QoQ	-0.2	0.8% +6.9% YoY	2.5% +122.5% YoY	1.2% +3.4% YoY	42%
Loan To Share	99.1% -2.0% YoY-2.6% QoQ	+15.9%	83.2% -0.4% YoY	52.8% -1.3% YoY	65.6% -1.4% YoY	Top 12.1% in tier
AMR	$25,935 +2.3% YoY+6.0% QoQ	$-4K	$29,652 +2.3% YoY	$17,581 +5.9% YoY	$19,920 +1.6% YoY	36%
CD Concentration	35.4% -5.3% YoY-1.1% QoQ	+6.5%	28.8%	14.5%	19.8%	79%
Indirect Auto %	40.1% -7.6% YoY-2.1% QoQ	+22.0%	18.1%	4.5%	7.7%	Bottom 10.7% in tier

Signature Analysis

Strengths (0)

No strengths identified

Concerns (6)

Stagnation Risk

risk

#31 of 91 • Bottom 91.1% 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): -3.57%

(Tier: 3.50%, National: 10.19%)

worse than tier avg

Loan Growth (YoY): -2.35%

(Tier: 6.71%, National: 1.74%)

worse than tier avg

Delinquency Rate: 0.55%

(Tier: 0.75%, National: 1.19%)

but better than tier avg

91 of 384 Mid-Market CUs have this signature | 676 nationally

→ No prior data (91 CUs now) | New qualifier

Membership Headwinds

decline

#35 of 91 • Bottom 91.1% in tier

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

Why This Signature

Member Growth (YoY): -3.57%

(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

Indirect Auto Dependency

risk

#78 of 198 • Bottom 88.2% in tier

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

Why This Signature

Asset Growth (YoY): -0.12%

(Tier: 6.82%, National: 1663.40%)

worse than tier avg

Indirect Auto %: 40.07%

(Tier: 18.07%, National: 7.73%)

worse than tier avg

Member Growth (YoY): -3.57%

(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 | Rank worsening

Efficiency Drag

risk

#44 of 100 • Bottom 6.8% in tier

High efficiency ratio (>80%) indicates elevated operating costs relative to revenue. Margin improvement opportunities may exist.

Why This Signature

Efficiency Ratio: 87.71%

(Tier: 73.98%, National: 84.64%)

worse than tier avg

ROA Change (YoY): 0.21% points

(Tier: 0.14% points, National: -0.45% points)

but better than tier avg

Member Growth (YoY): -3.57%

(Tier: 3.50%, National: 10.19%)

worse than tier avg

100 of 384 Mid-Market CUs have this signature | 702 nationally

↓ Shrinking -38 CUs YoY | Rank worsening

Liquidity Strain

risk

#94 of 148 • Bottom 13.8% in tier

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

Why This Signature

Loan-to-Share Ratio: 99.07%

(Tier: 84.20%, National: 65.58%)

but better than tier avg

Loan Growth (YoY): -2.35%

(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

Institutional Decline

decline

#26 of 31 • Bottom 96.3% in tier

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

Why This Signature

Total Assets: $1.04B

(Tier: $2.16B, National: $578.34M)

worse than tier avg

Member Growth (YoY): -3.57%

(Tier: 3.50%, National: 10.19%)

worse than tier avg

Loan Growth (YoY): -2.35%

(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

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)

Compare against:

Comparing against 306 peers in tier

Top Strengths (3 metrics)

Loan-to-Share Ratio

balance_sheet

Value: 99.07%

Peer Median: 85.31%

#37 of 306 Top 11.8% in 1B-3B tier

Members Per Employee (MPE)

engagement

Value: 460.906

Peer Median: 345.077

#37 of 306 Top 11.8% in 1B-3B tier

Net Charge-Off Rate

risk

Value: 0.20%

Peer Median: 0.51%

#43 of 306 Top 13.7% in 1B-3B tier

Top Weaknesses (13 metrics)

297

Fee Income Per Member

profitability

Value: $73.23

Peer Median: $191.54

#297 of 306 Bottom 3.3% in 1B-3B tier

292

Total Assets

balance_sheet

Value: $1.04B

Peer Median: $1.51B

#292 of 306 Bottom 4.9% in 1B-3B tier

289

Total Deposits

balance_sheet

Value: $894.70M

Peer Median: $1.31B

#289 of 306 Bottom 5.9% in 1B-3B tier

285

Net Interest Margin (NIM)

profitability

Value: 2.52%

Peer Median: 3.37%

#285 of 306 Bottom 7.2% in 1B-3B tier

284

Efficiency Ratio

profitability

Value: 87.71%

Peer Median: 75.16%

#284 of 306 Bottom 7.5% in 1B-3B tier

277

Return on Assets (ROA)

profitability

Value: 0.19%

Peer Median: 0.66%

#277 of 306 Bottom 9.8% in 1B-3B tier

276

Member Growth Rate

growth

Value: -3.57%

Peer Median: 2.03%

#276 of 306 Bottom 10.1% in 1B-3B tier

275

Indirect Auto Concentration (%)

balance_sheet

Value: 40.07%

Peer Median: 13.86%

#275 of 306 Bottom 10.5% in 1B-3B tier

273

Loan Growth Rate

growth

Value: -2.35%

Peer Median: 5.67%

#273 of 306 Bottom 11.1% in 1B-3B tier

273

Deposit Growth Rate

growth

Value: -0.33%

Peer Median: 4.44%

#273 of 306 Bottom 11.1% in 1B-3B tier