Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
100 cents of each dollar spent went to programs.
Form 990 Part IX, line 25. Every line is in By the numbers.
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Who runs it and what they're paid
13 people listed on the 990; $425K paid to officers and key staff.
Compensation history total reportable pay by year · 4 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Lynn Stratton | $114,021 | $198,321 | $106,741 | $103,023 | — |
| Cathy Bond | $146,072 | $131,771 | $171,644 | $114,595 | $153,848 |
| Richard Lachance | — | $159,308 | $136,873 | $131,720 | $137,007 |
| Kelley Wathen | $105,976 | $96,795 | $85,054 | $75,360 | $70,779 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
- Loans to or from officersSch L · Pt II1 listed
Programs and updates
Offers members savings and loan services.
Questions for Connected Credit Union
Your first name shows with your question. Connected Credit Union answers here, for everyone.
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The credit union has 8,396 members as of 12/31/21. Members have access to a wide variety of low cost, high quality services.
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $9.9M | $6.2M |
| InvestmentsLn 11–13 | $35.4M | $42.5M |
| Land, buildings, equipmentLn 10c | $2.9M | $2.5M |
| Total assetsLn 16 | $107.6M | $117.3M |
| LiabilitiesLn 26 | $98.1M | $107.3M |
| Net assetsLn 32 | $9.5M | $10.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Benefits paid to or for membersLn 4 | $282K | |||
| Pay of current officers, directors and key staffLn 5 | $539K | |||
| Other salaries and wagesLn 7 | $781K | |||
| Other employee benefitsLn 9 | $237K | |||
| Other fees for servicesLn 11g | $127K | |||
| Advertising and promotionLn 12 | $122K | |||
| Office expensesLn 13 | $44K | |||
| Information technologyLn 14 | $287K | |||
| OccupancyLn 16 | $154K | |||
| InterestLn 20 | $44 | |||
| Depreciation, depletion and amortizationLn 22 | $153K | |||
| Other expenses (24a–d)Ln 24 | $757K | |||
| All other expensesLn 24e | $205K | |||
| Total functional expensesLn 25 | $3.7M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $6.7M | $5.3M | $1.4M | $14.0M | 990 PDF |
| FY2023 | $5.9M | $4.8M | $1.1M | $12.6M | 990 PDF |
| FY2022 | $4.7M | $3.8M | $882K | $11.5M | 990 PDF |
| FY2021 Viewing | $4.2M | $3.7M | $518K | $10.0M | 990 PDF |
| FY2020 | $4.4M | $4.1M | $372K | $9.5M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $4,204,560 revenue, 12 lines filed
Part VI · Governance 9 of 9 board members independent, no flags
Part VIII · Statement of revenue $4,204,560 across 5 lines filed
Part IX · Statement of functional expenses $3,686,213 across 13 lines filed
Part X · Balance sheet $117,326,918 assets, 12 lines filed
Part XI · Reconciliation of net assets $10,007,709 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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