Applications / Mortgage Analytics / Lenders / Connecticut / Connex Credit Union
North Haven, CT · Credit union · NCUA · $1.0 billion assets · 524 loans in 2025
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524
loans originated, 2025
957
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Connex Credit Union is a Connecticut credit union that mostly makes small home-improvement and refinance loans and buys more loans than nearly all similar credit unions.
Home improvement (44.7%), refinance (30.7%) and other purposes (22.1%) make up nearly all its loans; purchases are 2.5%. Its typical loan, $85,000, is smaller than about four in five similar lenders' (credit unions making between half and twice as many loans), whose typical loan is $105,000.
It bought 118 loans, against 138 a year before and 371 five years before, more than nearly all similar lenders, most of which buy none. Its own originations, 524, fell 11% from 590, while similar lenders grew 6%; they remain far above the 95 of 2020.
It lends only in Connecticut. It ranks 41 of 392 lenders in New Haven, CT, where it has lent since 2004, with 0.7% of the market against 0.9%; its smaller originations this year are one possible reason.
18.9% of its loans went to LMI (low- and moderate-income) borrowers, lower than about four in five similar lenders (27.5%). Lending mostly to existing owners for home improvement is one possible reason. 13.6% of its loans were in majority-minority areas, near the middle of similar lenders.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Connex Credit Union took 957 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 44.7% · Refinance 30.7% · Other 22.1% · Purchase 2.5%
Conventional 100.0% · of 524 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Connecticut | 524 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| New Haven | 362 |
| Hartford-West Hartford-East Hartford | 97 |
| Bridgeport-Stamford-Danbury | 59 |
| Norwich-New London-Willimantic | 3 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300CA0J0Z7OFQBG71 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 523871 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 568511 | 2003–2017 |
Established 1 January 1940. Reported under HMDA 2003-2025.
Mergers, name changes, data editions and corrections: Connex Credit Union's data.
Connex Credit Union's data
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Connex Credit Union and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
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