Connexus Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 390263945 ✦ Wausau, WI ✦ Designated as a 501(c)(14)

Overview

What is Connexus Credit Union?

Connexus Credit Union is a Wisconsin-based financial institution located at 1 Corporate Drive, Suite 102, Wausau, with a mission to encourage savings and self-reliance among its members. By offering competitive deposit and lending products, they help improve the financial conditions of their community. With a workforce of 847 employees, Connexus Credit Union aims to be a nationally recognized credit union, providing exceptional experiences and contributing to the prosperity of its members.


Official website here: www.connexuscu.org

Is Connexus Credit Union legitimate?

Connexus Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Connexus Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $2,560,060
Professional Fundraising Fees: $0
Other Salaries and Wages: $44,431,936

For more financial information, click here


Official website here: www.connexuscu.org

What is the mission statement of Connexus Credit Union?

Connexus Credit Union is dedicated to encouraging thrift and self-reliance among its members by offering competitive deposit and lending products. The credit union strives to improve the social conditions of its community by providing exceptional experiences. Its mission is to be a nationally relevant and trusted financial institution, fostering prosperity for those it serves. The credit union offers deposit services to help members earn a fair return on their funds.


Official website here: www.connexuscu.org

Who is the CEO of Connexus Credit Union?

Boyd Gustke is the Director of Connexus Credit Union. The CEO's salary of Connexus Credit Union is $793,593 and their total compensation is $866,109.


Official website here: www.connexuscu.org

What is the revenue of Connexus Credit Union?

Connexus Credit Union's revenue in 2022 was $328,557,164.


Official website here: www.connexuscu.org

Who are the executives of Connexus Credit Union and what are their salaries?

The average compensation at Connexus Credit Union during 2022 was $55,481. There are 847 employees and 9 volunteers at Connexus Credit Union.

Here are 19 key members and their salaries (Connexus Credit Union's CEO's salary is $793,593 and their total compensation is $866,109):

    Juanita Rauch (Consultant To The President)
  • Compensation: $959,741
  • Related: $0
  • Other: $19,629

    • Boyd J Gustke (Ceo/President)
  • Compensation: $793,593
  • Related: $0
  • Other: $72,516

    • Chad E Rogers (Evp/Coo)
  • Compensation: $381,786
  • Related: $0
  • Other: $65,704

    • Ryan Gage (Chief Risk Officer)
  • Compensation: $310,507
  • Related: $0
  • Other: $52,301

    • Reginald Swanigan (Chief Technology Officer)
  • Compensation: $284,642
  • Related: $0
  • Other: $53,391

    • Eric Huseby (Clo)
  • Compensation: $255,803
  • Related: $0
  • Other: $63,711

    • Sheila Polak (Svp Finance)
  • Compensation: $193,792
  • Related: $0
  • Other: $59,592

    • Claire Meney (Svp Member Experience)
  • Compensation: $191,632
  • Related: $0
  • Other: $55,737

    • Lamont Bonham (Svp Enterprise Risk Manage)
  • Compensation: $170,907
  • Related: $0
  • Other: $44,455

    • Daryl R Gessler (Consultant To The President)
  • Compensation: $168,594
  • Related: $0
  • Other: $34,926

    • Timothy Mulloy (Director)
  • Compensation: $66,700
  • Related: $0
  • Other: $0

    • Alita Lobner (Chairman) [Trustee/Director]
  • Compensation: $29,239
  • Related: $0
  • Other: $0

    • Kelsi Seubert (Vice Chair) [Trustee/Director]
  • Compensation: $25,902
  • Related: $0
  • Other: $0

    • Shanna Yonke (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $24,673
  • Related: $0
  • Other: $0

    • Steven Zeineman (Director)
  • Compensation: $17,992
  • Related: $0
  • Other: $0

    • Steven Derebey (Director)
  • Compensation: $16,500
  • Related: $0
  • Other: $0

    • Michael Prestileo (Director)
  • Compensation: $16,500
  • Related: $0
  • Other: $0

    • Greg Cullen (Director)
  • Compensation: $15,700
  • Related: $0
  • Other: $0

    • Todd Mcdonald (Director)
  • Compensation: $12,900
  • Related: $0
  • Other: $0


  • Official website here: www.connexuscu.org

    Where can I find the form 990 for Connexus Credit Union?

    The Connexus Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.connexuscu.org

    Learn more at the official website: www.connexuscu.org

    Mission Statement of Connexus Credit Union

    Connexus Credit Union, a nationally relevant and trusted financial institution, is committed to encouraging thrift and self-reliance among its members. By providing deposit and lending products at competitive terms, the credit union aims to improve the social conditions of its membership.

    In simple terms, Connexus Credit Union offers its members the opportunity to save their funds and earn a fair return through deposit services. However, the organization's mission extends far beyond this basic function. Its ultimate goal is to foster prosperity for those it serves.

    By offering exceptional experiences, Connexus Credit Union sets itself apart from other financial institutions. It aspires to be more than just a place where members can manage their money; it strives to be a trusted partner in their financial journeys. Through its various services, the credit union empowers its members to take control of their financial futures and build a better life for themselves and their families.

    Impact

    This information is meant to be a general summary of Connexus Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Connexus Credit Union's impact can be seen in their focus on encouraging thrift and self-reliance among their members by providing competitive deposit and lending products. By offering deposit services that allow their members' funds to earn a fair rate of return, Connexus Credit Union plays a role in improving the social and financial conditions of their membership. Their mission to be a nationally relevant and trusted credit union reflects their commitment to providing exceptional experiences and fostering prosperity for those they serve in Wausau, Wisconsin. Through these efforts, Connexus Credit Union contributes to the economic well-being and financial empowerment of their members.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $288,788
  • Program Service Revenue: $327,990,422
  • Gross Receipts: $344,010,156

    • Assets and Liabilities:
  • Total Assets: $5,264,106,222
  • Total Liabilities: $4,761,797,533
  • Net Assets: $502,308,689
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    INTEREST INCOME ON LOANS

    Revenue

    $302,152,171

    OTHER INCOME

    Revenue

    $22,703,513

    FEE INCOME

    Revenue

    $3,134,738

    Organization Details

    Founding Year

    1935

    Principal Officer

    Boyd Gustke

    Main Address

    1 CORPORATE DR STE 102, WAUSAU, WI, 54401

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Connexus Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.