EIN 39-0945701

CoVantage Credit Union

IRS 501(c) type
Num. employees
Year formed
Most recent tax filings
CoVantage Credit Union has business lending, mortgage lending, a full service contact center, accounting, information technology/security, and marketing departments in addition to the expected teller, consumer lending, and financial service departments.
Related structure
CoVantage Credit Union is a child organization, under an unknown parent.

Program areas at CoVantage Credit Union

Covantage has 108,006 members, and for those looking to save, Covantage strives to pay dividend rates that are above market rates, even in these flat economic rate environment. As of december 31, 2018, Covantage was paying an annual percentage rate of 0.80% on regular share accounts when many other financials continued to significantly drop their rates as the economic conditions continued to deteriorate. Our minimum balance of only $10 continued to be maintained, which helped many members in times of hardship. Members were not only able to receive the benefit of higher than average rates during poor economic conditions, but Covantage still rewarded members with an additional $3,414,740 in patronage payments in 2018.
Covantage also strives to support financial literacy, including providing accel Credit counseling as a free service to our members to assist with budgeting, understanding Credit reports, money management, and debt repayment. This free service saves members $25-$50 per month that is commonly charged by other Credit counseling agencies. In addition, Covantage offers community education events and promotes financial literacy to students through kidz Credit unions operated through local middle schools.
Covantage continues to offer cost-friendly products to our members. We not only do this through our competitive rates, but also by going above and beyond to help those in need. We continue to offer cost-friendly options to payday lenders such as kwik cash overdraft protection loans with no service charge or transfer fee, courtesy pay checking account services also without hefty fees, in addition to reward Credit cards with very competitive interest rates. Other low-cost options include our own payday advance loans in addition to share-secured Credit cards and other Credit builder loans for those members that need to rebuild Credit. For those looking for home ownership, Covantage also offers its Covantage creates homes mortgage program to help those that might need assistance with a down payment or needed home repairs.

Form 990s for CoVantage Credit Union

Fiscal year endingDate received by IRSFormPDF link
2018-122020-01-03990View PDF
2017-122019-02-21990View PDF
2016-122018-03-14990View PDF
2015-122017-03-02990OView PDF
2014-122016-01-21990OView PDF
...and 5 more Form 990s

Grants made by CoVantage Credit Union

GranteeGrant descriptionAmount
Covantage Cares FoundationGeneral Support$125,000
 Subscribe to view████ ████$99,999
 Subscribe to view████ ████$9,999
 Subscribe to view████ ████$9,999

Financials for CoVantage Credit Union

RevenuesFYE 12/2018
Total grants, contributions, etc.$0
Program services$68,853,799
Investment income and dividends$4,189,544
Tax-exempt bond proceeds$0
Royalty revenue$124,657
Net rental income$52,581
Net gain from sale of non-inventory assets$13,906
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$73,234,487

Personnel at CoVantage Credit Union

Schwan HardiChief Financial Officer
Robert van AbelChief Information Officer$208,000
Brett LeeChief Retail Officer$210,754
 Subscribe to viewChief Commercial Officer$200,180
 Subscribe to viewVice President Digital and Business Solutions$160,513
...and 8 more key personnel

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Nonprofit Types
No issues found
No characteristics found
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General information
723 6TH Avenue PO Box 107
Antigo, WI 54409
Metro area
Wausau-Weston, WI
Website URL
Facebook page
Twitter profile
IRS details
Fiscal year end
Taxreturn type
Form 990
Year formed
Eligible to receive tax-deductible contributions (Pub 78)
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption