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)

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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 tax deductible.


Heare 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):


Timothy Mulloy (Director)
  • Compensation: $66,700
  • Related: $0
  • Other: $0
Alita Lobner (Chairman)
  • Compensation: $29,239
  • Related: $0
  • Other: $0
Kelsi Seubert (Vice Chair)
  • Compensation: $25,902
  • Related: $0
  • Other: $0
Shanna Yonke (Secretary/Treasurer)
  • 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
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
Juanita Rauch (Consultant To The President)
  • Compensation: $959,741
  • Related: $0
  • Other: $19,629
Sheila Polak (Svp Finance)
  • Compensation: $193,792
  • Related: $0
  • Other: $59,592
Daryl R Gessler (Consultant To The President)
  • Compensation: $168,594
  • Related: $0
  • Other: $34,926
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


Official website here: www.connexuscu.org

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

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.

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Impact




October, 2024

Connexus Credit Union significantly impacts its members and the community by promoting thrift and self-reliance through competitive deposit and lending products. By offering deposit services that allow members to earn a fair rate of return, Connexus helps individuals manage their finances more effectively, thereby enhancing their overall financial well-being.

Located in Wausau, Wisconsin, Connexus is dedicated to being a nationally relevant and trusted institution. Its mission focuses on providing exceptional experiences and fostering prosperity among its membership. Through its commitment to improving social conditions, the credit union plays a vital role in the lives of its members by encouraging sound financial practices and creating opportunities for growth and stability. This focus on member welfare ultimately contributes to a stronger, more vibrant community.




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.


Financials

This financial information is from Propublica.

Revenue
$328,557,164 (2022)
Expenses
$283,657,478 (2022)
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

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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

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