CONNEX

Charter #68511 | CT

1B-3B (304 CUs) Mid-Market (380 CUs)
5 1B-3B in CT

CONNEX has 5 strengths but faces 14 concerns

Key Strengths

Areas where this CU excels compared to peers

  • + Emerging Performer: Top 15.5% in tier
  • + Organic Growth Engine: Top 24.2% in tier
  • + Strong member growth: 7.5% YoY
  • + Members Per Employee (MPE): Top 7.2% in tier
  • + Loan-to-Share Ratio: Top 7.9% in tier

Key Concerns

Areas that may need attention

  • - Shrinking Wallet Share: Bottom 3.0% in tier
  • - Liquidity Strain: Bottom 15.7% in tier
  • - Efficiency Drag: Bottom 17.3% in tier
  • - Indirect Auto Dependency: Bottom 19.0% in tier
  • - Deposit Outflow: Bottom 19.7% in tier
  • - ROA 0.40% below tier average
  • - Efficiency ratio 8.93% above tier (higher cost structure)
  • - AMR Growth Rate: Bottom 3.6% in tier
  • - Total Deposits: Bottom 4.6% in tier
  • - Total Assets: Bottom 6.2% in tier
  • - Net Interest Margin (NIM): Bottom 6.6% in tier
  • - Indirect Auto Concentration (%): Bottom 8.6% in tier
  • - Fee Income Per Member: Bottom 9.5% in tier
  • - Deposit Growth Rate: Bottom 9.5% in tier

Core Metrics

As of 2025-Q3

Metric Current vs Tier Tier Avg State Avg (CT) National Avg Tier Percentile
Members 75,152
+7.5% YoY+6.9% QoQ
 -23.5K 98,678
-1.9% YoY
 13,754
+3.9% YoY
 33,089
+6.1% YoY
 33rd in tier
Assets $1.1B
+1.7% YoY-0.6% QoQ
 $-669.2M $1.7B
+0.5% YoY
 $223.0M
+8.2% YoY
 $547.7M
+7.8% YoY
 Bottom 5.9% in tier
Loans $903.9M
-0.7% YoY-0.2% QoQ
 $-329.2M $1.2B
+0.5% YoY
 $129.0M
+9.8% YoY
 $388.7M
+8.6% YoY
 27th in tier
Deposits $872.9M
-1.9% YoY-1.9% QoQ
 $-581.4M $1.5B
+1.3% YoY
 $195.5M
+7.9% YoY
 $464.6M
+9.3% YoY
 Bottom 4.3% in tier
ROA 0.3%
+28.3% YoY+37.1% QoQ
 -0.4% 0.7%
+13.4% YoY
 0.4%
-140.5% YoY
 0.7%
+273.4% YoY
 Bottom 14.8% in tier
NIM 2.3%
+16.2% YoY+2.3% QoQ
 -1.0% 3.3%
+9.3% YoY
 3.6%
+5.0% YoY
 3.7%
+5.0% YoY
 Bottom 6.2% in tier
Efficiency Ratio 82.9%
-3.0% YoY+0.0% QoQ
 +8.9% 74.0%
-10.9% YoY
 85.8%
+0.7% YoY
 79.1%
-3.3% YoY
 Top 14.8% in tier
Delinquency Rate 0.7%
-12.6% YoY+3.7% QoQ
 -0.1 0.8%
+6.1% YoY
 1.2%
+0.2% YoY
 1.2%
-0.9% YoY
 55th in tier
Loan To Share 103.5%
+1.2% YoY+1.7% QoQ
 +18.3% 85.2%
-0.8% YoY
 56.5%
+1.7% YoY
 68.0%
-1.7% YoY
 Top 8.2% in tier
AMR $23,643
-8.2% YoY-7.4% QoQ
 $-6K $29,172
+2.8% YoY
 $16,763
+4.9% YoY
 $19,418
+1.3% YoY
 Bottom 24.7% in tier
CD Concentration 36.0%
-4.5% YoY+1.6% QoQ
 +7.1% 29.0%
+0.8% YoY
 14.4%
+16.9% YoY
 19.6%
+6.2% YoY
 Top 20.1% in tier
Indirect Auto % 41.7%
-8.1% YoY-2.4% QoQ
 +22.9% 18.8%
-2.8% YoY
 5.3%
-6.5% YoY
 7.9%
-2.9% YoY
 Top 9.5% in tier

Signature Analysis

Strengths (2)

Emerging Performer

growth
#83 of 184 • Top 15.5% in tier

Profitable credit union with positive returns. May represent growth potential worth exploring.

Why This Signature
Return on Assets: 0.31%
(Tier: 0.71%, National: 0.71%)
but worse than tier avg
Member Growth (YoY): 7.48%
(Tier: 3.18%, National: 9.37%)
better than tier avg
184 of 380 Mid-Market CUs have this signature | 852 nationally
↑ Growing +18 CUs YoY | Rank improving

Organic Growth Engine

growth
#176 of 246 • Top 24.2% in tier

Growing membership while maintaining profitability. Healthy fundamentals in place.

Why This Signature
Member Growth (YoY): 7.48%
(Tier: 3.18%, National: 9.37%)
better than tier avg
Return on Assets: 0.31%
(Tier: 0.71%, National: 0.71%)
but worse than tier avg
Indirect Auto %: 41.73%
(Tier: 18.80%, National: 7.90%)
but worse than tier avg
246 of 380 Mid-Market CUs have this signature | 917 nationally
↑ Growing +14 CUs YoY | Rank improving

Concerns (5)

Shrinking Wallet Share

decline
#10 of 83 • Bottom 3.0% in tier

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

Why This Signature
AMR Growth (YoY): -8.17%
(Tier: 3.04%, National: 4.19%)
worse than tier avg
83 of 380 Mid-Market CUs have this signature | 346 nationally
↓ Shrinking -55 CUs YoY | New qualifier

Liquidity Strain

risk
#83 of 183 • Bottom 15.7% in tier

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

Why This Signature
Loan-to-Share Ratio: 103.54%
(Tier: 86.35%, National: 67.96%)
but better than tier avg
Loan Growth (YoY): -0.73%
(Tier: 6.14%, National: 36.38%)
worse than tier avg
183 of 380 Mid-Market CUs have this signature | 484 nationally
↑ Growing +10 CUs YoY | Rank worsening

Efficiency Drag

risk
#58 of 96 • Bottom 17.3% in tier

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

Why This Signature
Efficiency Ratio: 82.91%
(Tier: 73.45%, National: 79.10%)
worse than tier avg
ROA Change (YoY): 0.07% points
(Tier: 0.07% points, National: 0.05% points)
worse than tier avg
Member Growth (YoY): 7.48%
(Tier: 3.18%, National: 9.37%)
but better than tier avg
96 of 380 Mid-Market CUs have this signature | 624 nationally
↓ Shrinking -32 CUs YoY

Indirect Auto Dependency

risk
#118 of 202 • Bottom 19.0% in tier

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

Why This Signature
Asset Growth (YoY): 1.66%
(Tier: 5.36%, National: 3.04%)
worse than tier avg
Indirect Auto %: 41.73%
(Tier: 18.80%, National: 7.90%)
worse than tier avg
Member Growth (YoY): 7.48%
(Tier: 3.18%, National: 9.37%)
but better than tier avg
202 of 380 Mid-Market CUs have this signature | 768 nationally
↓ Shrinking -7 CUs YoY | Rank worsening

Deposit Outflow

decline
#25 of 25 • Bottom 19.7% in tier

Members staying but deposits leaving. They're losing to higher-yield competitors - rate pressure is real.

Why This Signature
Deposit Growth (YoY): -1.88%
(Tier: 6.24%, National: 12.00%)
worse than tier avg
Total Assets: $1.05B
(Tier: $1.72B, National: $547.69M)
worse than tier avg
25 of 380 Mid-Market CUs have this signature | 143 nationally
↓ Shrinking -42 CUs YoY | 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 304 peers in tier

Top Strengths (4 metrics)

23
Members Per Employee (MPE)
engagement
Value: 478.675
Peer Avg: 364.953
#23 of 304 Top 7.2% in 1B-3B tier
25
Loan-to-Share Ratio
balance_sheet
Value: 103.54%
Peer Avg: 85.19%
#25 of 304 Top 7.9% in 1B-3B tier
32
Member Growth Rate
growth
Value: 7.48%
Peer Avg: 2.20%
#32 of 304 Top 10.2% in 1B-3B tier
50
Net Charge-Off Rate
risk
Value: 0.23%
Peer Avg: 0.60%
#50 of 304 Top 16.1% in 1B-3B tier

Top Weaknesses (13 metrics)

294
AMR Growth Rate
growth
Value: -8.17%
Peer Avg: 3.29%
#294 of 304 Bottom 3.6% in 1B-3B tier
291
Total Deposits
balance_sheet
Value: $872.93M
Peer Avg: $1.45B
#291 of 304 Bottom 4.6% in 1B-3B tier
286
Total Assets
balance_sheet
Value: $1.05B
Peer Avg: $1.72B
#286 of 304 Bottom 6.2% in 1B-3B tier
285
Net Interest Margin (NIM)
profitability
Value: 2.29%
Peer Avg: 3.26%
#285 of 304 Bottom 6.6% in 1B-3B tier
279
Indirect Auto Concentration (%)
balance_sheet
Value: 41.73%
Peer Avg: 18.32%
#279 of 304 Bottom 8.6% in 1B-3B tier
276
Fee Income Per Member
profitability
Value: $125.87
Peer Avg: $210.52
#276 of 304 Bottom 9.5% in 1B-3B tier
276
Deposit Growth Rate
growth
Value: -1.88%
Peer Avg: 5.58%
#276 of 304 Bottom 9.5% in 1B-3B tier
260
Efficiency Ratio
profitability
Value: 82.91%
Peer Avg: 73.97%
#260 of 304 Bottom 14.8% in 1B-3B tier
260
Net Worth Ratio
risk
Value: 9.17%
Peer Avg: 11.44%
#260 of 304 Bottom 14.8% in 1B-3B tier
259
Return on Assets (ROA)
profitability
Value: 0.31%
Peer Avg: 0.70%
#259 of 304 Bottom 15.1% in 1B-3B tier