BlastPoint's Credit Union Scorecard

CONNEX

Charter #68511 · CT

Mid-Market 1B-3B
302 CUs in 1B-3B nationally 5 in CT
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CONNEX has 3 strengths but faces 15 concerns

Key Strengths

Areas where this CU excels compared to peers

  • + Organic Growth Engine: Top 91.5% in tier
  • + Members Per Employee (MPE): Top 8.9% in tier
  • + Loan-to-Share Ratio: Top 9.3% in tier

Key Concerns

Areas that may need attention

  • - Shrinking Wallet Share: Bottom 23.1% in tier
  • - Liquidity Strain: Bottom 54.5% in tier
  • - Indirect Auto Dependency: Bottom 64.6% in tier
  • - Efficiency Drag: Bottom 76.4% in tier
  • - Deposit Outflow: Bottom 100.0% in tier
  • - ROA 0.33% below tier average
  • - Efficiency ratio 8.36% above tier (higher cost structure)
  • - Total Assets: Bottom 2.0% in tier
  • - Total Deposits: Bottom 3.3% in tier
  • - AMR Growth Rate: Bottom 6.0% in tier
  • - Net Interest Margin (NIM): Bottom 7.0% in tier
  • - Fee Income Per Member: Bottom 7.9% in tier
  • - Indirect Auto Concentration (%): Bottom 8.3% in tier
  • - Asset Growth Rate: Bottom 8.6% in tier
  • - Deposit Growth Rate: Bottom 9.3% in tier

Core Metrics

As of 2025-Q4

Metric Current vs Tier Tier Avg State Avg (CT) National Avg Tier Percentile
Members 72,266
+3.4% YoY-3.8% QoQ
-25.2K 97,431
-2.4% YoY
14,275
+6.6% YoY
33,374
+5.7% YoY
30%
Assets $1.0B
-1.6% YoY-2.0% QoQ
$-693.7M $1.7B
+0.9% YoY
$241.1M
+14.1% YoY
$561.6M
+9.7% YoY
Bottom 1.7% in tier
Loans $891.2M
-2.8% YoY-1.4% QoQ
$-343.2M $1.2B
+0.5% YoY
$136.5M
+14.4% YoY
$397.0M
+8.8% YoY
25%
Deposits $876.2M
-1.4% YoY+0.4% QoQ
$-583.1M $1.5B
+0.9% YoY
$211.2M
+13.7% YoY
$477.3M
+9.7% YoY
Bottom 3.0% in tier

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Tier 1
50+ financial metrics with peer benchmarks
Performance signatures (strengths & concerns)
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ROA 0.4%
+212.8% YoY+16.2% QoQ
-0.3% 0.7%
+20.9% YoY
0.6%
+43.4% YoY
0.7%
+15.9% YoY
20%
NIM 2.4%
+18.7% YoY+3.9% QoQ
-0.9% 3.3%
+9.2% YoY
3.6%
+1.8% YoY
3.8%
+5.1% YoY
Bottom 6.6% in tier
Efficiency Ratio 82.4%
-8.8% YoY-0.6% QoQ
+8.4% 74.1%
-9.5% YoY
81.1%
-1.3% YoY
79.7%
-3.3% YoY
85%
Delinquency Rate 0.7%
-11.4% YoY-1.5% QoQ
-0.2 0.9%
+6.2% YoY
1.5%
+7.3% YoY
1.3%
-2.1% YoY
46%
Loan To Share 101.7%
-1.5% YoY-1.8% QoQ
+16.9% 84.8%
-0.8% YoY
54.6%
-1.8% YoY
67.4%
-1.7% YoY
Top 9.6% in tier
AMR $24,457
-5.3% YoY+3.4% QoQ
$-5K $29,428
+2.4% YoY
$17,243
+6.0% YoY
$19,687
+2.0% YoY
28%
CD Concentration 35.8%
-7.9% YoY-0.8% QoQ
+6.7% 29.0% 14.6% 19.8% 79%
Indirect Auto % 40.9%
-7.1% YoY-1.9% QoQ
+22.6% 18.3% 4.6% 7.8% Top 9.0% in tier

Signature Analysis

Strengths (1)

Organic Growth Engine

growth
#226 of 247 • Top 91.5% in tier

Growing membership while maintaining profitability. Healthy fundamentals in place.

Why This Signature
Member Growth (YoY): 3.35%
(Tier: 3.43%, National: 4.32%)
but worse than tier avg
Return on Assets: 0.36%
(Tier: 0.69%, National: 0.67%)
but worse than tier avg
Indirect Auto %: 40.95%
(Tier: 18.31%, National: 7.78%)
but worse than tier avg
247 of 378 Mid-Market CUs have this signature | 913 nationally
→ No prior data (247 CUs now) | New qualifier

Concerns (5)

Shrinking Wallet Share

decline
#19 of 79 • Bottom 23.1% in tier

Average member relationship declining year-over-year. Members may be moving money elsewhere or reducing engagement.

Why This Signature
AMR Growth (YoY): -5.29%
(Tier: 3.31%, National: 4.00%)
worse than tier avg
79 of 378 Mid-Market CUs have this signature | 303 nationally
↓ Shrinking -33 CUs YoY | New qualifier

Liquidity Strain

risk
#91 of 166 • Bottom 54.5% in tier

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

Why This Signature
Loan-to-Share Ratio: 101.72%
(Tier: 85.73%, National: 67.44%)
but better than tier avg
Loan Growth (YoY): -2.83%
(Tier: 6.38%, National: 111.96%)
worse than tier avg
166 of 378 Mid-Market CUs have this signature | 439 nationally
↓ Shrinking -7 CUs YoY | Rank worsening

Indirect Auto Dependency

risk
#127 of 196 • Bottom 64.6% in tier

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

Why This Signature
Asset Growth (YoY): -1.63%
(Tier: 6.83%, National: 3.54%)
worse than tier avg
Indirect Auto %: 40.95%
(Tier: 18.31%, National: 7.78%)
worse than tier avg
Member Growth (YoY): 3.35%
(Tier: 3.43%, National: 4.32%)
worse than tier avg
196 of 378 Mid-Market CUs have this signature | 745 nationally
↓ Shrinking -11 CUs YoY | Rank worsening

Efficiency Drag

risk
#69 of 90 • Bottom 76.4% in tier

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

Why This Signature
Efficiency Ratio: 82.42%
(Tier: 73.53%, National: 79.67%)
worse than tier avg
ROA Change (YoY): 0.24% points
(Tier: 0.12% points, National: 0.02% points)
but better than tier avg
Member Growth (YoY): 3.35%
(Tier: 3.43%, National: 4.32%)
worse than tier avg
90 of 378 Mid-Market CUs have this signature | 633 nationally
↓ Shrinking -36 CUs YoY | Rank worsening

Deposit Outflow

decline
#19 of 19 • Bottom 100.0% in tier

Members staying (>= -1% YoY) but deposits leaving. They're moving money to higher-yield competitors - rate pressure is real.

Why This Signature
Deposit Growth (YoY): -1.36%
(Tier: 6.71%, National: 13.79%)
worse than tier avg
Member Growth (YoY): 3.35%
(Tier: 3.43%, National: 4.32%)
worse than tier avg
19 of 378 Mid-Market CUs have this signature | 91 nationally
→ No prior data (19 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)

Comparing against 302 peers in tier

Top Strengths (3 metrics)

28
Members Per Employee (MPE)
engagement
Value: 466.232
Peer Median: -
#28 of 302 Top 8.9% in 1B-3B tier
29
Loan-to-Share Ratio
balance_sheet
Value: 101.72%
Peer Median: -
#29 of 302 Top 9.3% in 1B-3B tier
55
Net Charge-Off Rate
risk
Value: 0.23%
Peer Median: -
#55 of 302 Top 17.9% in 1B-3B tier

Top Weaknesses (13 metrics)

297
Total Assets
balance_sheet
Value: $1.03B
Peer Median: -
#297 of 302 Bottom 2.0% in 1B-3B tier
293
Total Deposits
balance_sheet
Value: $876.20M
Peer Median: -
#293 of 302 Bottom 3.3% in 1B-3B tier
285
AMR Growth Rate
growth
Value: -5.29%
Peer Median: -
#285 of 302 Bottom 6.0% in 1B-3B tier
282
Net Interest Margin (NIM)
profitability
Value: 2.38%
Peer Median: -
#282 of 302 Bottom 7.0% in 1B-3B tier
279
Fee Income Per Member
profitability
Value: $122.58
Peer Median: -
#279 of 302 Bottom 7.9% in 1B-3B tier
278
Indirect Auto Concentration (%)
balance_sheet
Value: 40.95%
Peer Median: -
#278 of 302 Bottom 8.3% in 1B-3B tier
277
Asset Growth Rate
growth
Value: -1.63%
Peer Median: -
#277 of 302 Bottom 8.6% in 1B-3B tier
275
Deposit Growth Rate
growth
Value: -1.36%
Peer Median: -
#275 of 302 Bottom 9.3% in 1B-3B tier
270
Loan Growth Rate
growth
Value: -2.83%
Peer Median: -
#270 of 302 Bottom 10.9% in 1B-3B tier
257
Efficiency Ratio
profitability
Value: 82.42%
Peer Median: -
#257 of 302 Bottom 15.2% in 1B-3B tier
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