Civic Intelligence

Covantage Credit Union

EIN 39-0945701 • 501(c)14 • Antigo, WI

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Profile

A cooperative, nonprofit corporation, incorporated under wisconsin state law to encourage thrift among its members, create a source of credit at a fair and reasonable cost, and provide opportunity for its members to improve their economic and social conditions.

723 6th Avenue PO Box 107Antigo, WI 54409-0107

www.covantagecu.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

58th percentile

0.91x

Higher debt load relative to assets than 58% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Source year 2024

Liabilities / Revenue

34th percentile

14.50x

Higher debt load relative to revenue than 34% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Source year 2024

Net Margin

55th percentile

10%

Higher net margin than 55% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

92nd percentile

12%

Faster asset growth than 92% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Annualized from 2022 to 2024

Revenue Growth

95th percentile

39%

Faster revenue growth than 95% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$3,725,346,803

Up $188,331,692 (+5.3%) from 2023

Liabilities

Up

$3,397,650,770

Up $163,305,571 (+5.0%) from 2023

Net Assets

Up

$327,696,033

Up $25,026,121 (+8.3%) from 2023

Operations
Liabilities / Revenue34th percentileNet Margin55th percentile

Revenue

Up

$234,381,029

Up $44,174,426 (+23%) from 2023

Expenses

Up

$210,138,925

Up $39,147,709 (+23%) from 2023

Net Income

Up

$24,242,104

Up $5,026,717 (+26%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth92nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0B$3.0B$2.0B$1.0B$0Assets 2010: $861,217,025Liabilities 2010: $775,204,126Net Assets 2010: $86,012,8992010Assets 2011: $944,231,290Liabilities 2011: $850,853,784Net Assets 2011: $93,377,5062011Assets 2012: $1,045,768,554Liabilities 2012: $939,993,017Net Assets 2012: $105,775,5372012Assets 2014: $1,127,705,215Liabilities 2014: $1,001,043,780Net Assets 2014: $126,661,4352014Assets 2015: $1,238,473,925Liabilities 2015: $1,097,750,805Net Assets 2015: $140,723,1202015Assets 2016: $1,366,110,547Liabilities 2016: $1,210,747,327Net Assets 2016: $155,363,2202016Assets 2017: $1,508,908,894Liabilities 2017: $1,336,187,546Net Assets 2017: $172,721,3482017Assets 2018: $1,645,093,652Liabilities 2018: $1,455,982,532Net Assets 2018: $189,111,1202018Assets 2019: $1,905,407,431Liabilities 2019: $1,685,824,274Net Assets 2019: $219,583,1572019Assets 2020: $2,308,873,736Liabilities 2020: $2,063,089,007Net Assets 2020: $245,784,7292020Assets 2021: $2,634,029,543Liabilities 2021: $2,359,272,507Net Assets 2021: $274,757,0362021Assets 2022: $2,963,887,227Liabilities 2022: $2,689,681,748Net Assets 2022: $274,205,4792022Assets 2023: $3,537,015,111Liabilities 2023: $3,234,345,199Net Assets 2023: $302,669,9122023Assets 2024: $3,725,346,803Liabilities 2024: $3,397,650,770Net Assets 2024: $327,696,0332024

Highlighted filing

2024

Assets$3,725,346,803
Liabilities$3,397,650,770
Net Assets$327,696,033
Open 2024 Filing

Operations Trend

Revenue Growth95th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300M$200M$100M$0Expenses 2010: $35,543,8392010Expenses 2011: $35,702,5802011Expenses 2012: $35,806,6132012Revenue 2014: $45,286,893Expenses 2014: $34,807,823Net Income 2014: $10,479,0702014Revenue 2015: $51,388,333Expenses 2015: $36,873,005Net Income 2015: $14,515,3282015Revenue 2016: $58,556,703Expenses 2016: $43,274,454Net Income 2016: $15,282,2492016Revenue 2017: $63,738,863Expenses 2017: $46,649,518Net Income 2017: $17,089,3452017Revenue 2018: $73,234,487Expenses 2018: $55,893,023Net Income 2018: $17,341,4642018Revenue 2019: $87,658,851Expenses 2019: $68,720,086Net Income 2019: $18,938,7652019Revenue 2020: $100,317,089Expenses 2020: $75,643,212Net Income 2020: $24,673,8772020Revenue 2021: $105,078,652Expenses 2021: $71,718,273Net Income 2021: $33,360,3792021Revenue 2022: $121,730,079Expenses 2022: $98,996,617Net Income 2022: $22,733,4622022Revenue 2023: $190,206,603Expenses 2023: $170,991,216Net Income 2023: $19,215,3872023Revenue 2024: $234,381,029Expenses 2024: $210,138,925Net Income 2024: $24,242,1042024

Highlighted filing

2024

Revenue$234,381,029
Expenses$210,138,925
Net Income$24,242,104
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,725,346,803
Liabilities
$3,397,650,770
Net assets
$327,696,033
Revenue
$234,381,029
Expenses
$210,138,925
Net income
$24,242,104
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3,725$3,398$328$234$210$24.2
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3,537$3,234$303$190$171$19.2
2022Detailed filing. Detailed filing data is available for this year.$2,964$2,690$274$122$99.0$22.7
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$2,634$2,359$275$105$71.7$33.4
2020Detailed filing. Detailed filing data is available for this year.$2,309$2,063$246$100$75.6$24.7
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,905$1,686$220$87.7$68.7$18.9
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,645$1,456$189$73.2$55.9$17.3
2017Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1,509$1,336$173$63.7$46.6$17.1
2016Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1,366$1,211$155$58.6$43.3$15.3
2015Detailed filing. Detailed filing data is available for this year.$1,238$1,098$141$51.4$36.9$14.5
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,128$1,001$127$45.3$34.8$10.5
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,046$940$106$35.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$944$851$93.4$35.7
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$861$775$86.0$35.5
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 24, 2025
Return Version
2024v5.2
Gross Receipts
$343,836,106
Mission and Program Overview

Mission

A cooperative, nonprofit corporation, incorporated under wisconsin state law to encourage thrift among its members, create a source of credit at a fair and reasonable cost, and provide opportunity for its members to improve their economic and social conditions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$2,810,712,056$2,899,281,072▲ $88,569,016
Investments in Publicly Traded Securities$353,314,646$336,868,051▼ $16,446,595
Rtn Earn Endowment Incm Other Fnds$302,669,912$327,696,033▲ $25,026,121
Savings and Temporary Cash Investments$136,042,942$198,961,323▲ $62,918,381
Investments Other Securities$59,778,785$107,371,187▲ $47,592,402
Land, Buildings, and Equipment, Net$62,719,264$60,396,538▼ $2,322,726
Intangible Assets$43,177,889$43,628,423▲ $450,534
Cash and Non-Interest-Bearing Accounts$21,824,348$19,425,647▼ $2,398,701
Accounts Receivable$10,272,299$11,103,828▲ $831,529
Prepaid Expenses and Deferred Charges$4,499,529$4,257,179▼ $242,350
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$3,537,015,111$3,725,346,803▲ $188,331,692
Other Assets Total$34,673,353$44,053,555▲ $9,380,202
Liabilities
Other Liabilities$3,018,490,894$3,359,507,947▲ $341,017,053
Accounts Payable and Accrued Expenses$212,320,860$36,367,286▼ $175,953,574
Escrow Account Liability$3,533,445$1,775,537▼ $1,757,908
Total Liabilities$3,234,345,199$3,397,650,770▲ $163,305,571
Net Assets / Fund Balance
Total Net Assets Fund Balance$302,669,912$327,696,033▲ $25,026,121
Total Liabilities and Net Assets / Fund Balance$3,537,015,111$3,725,346,803▲ $188,331,692

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$40,330,513$17,793,222$58,123,735
Equipment$8,254,072$17,572,943$25,827,015
Land$10,092,034-$10,092,034
Other Land Buildings$1,719,919$13,602$1,733,521
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Charles ZanayedPresidentFT$730,049$116,500$846,549
Sherry AulikSpecial Projects OfficerFT$512,271$74,199$586,470
Brett LeeEvp Chief Retail OfficerFT$342,513$76,392$418,905
Joan FarrellSVP Chief Risk Str Pa OfficerFT$280,842$77,152$357,994
Sean Van HandelSVP Chief Information OfficerFT$270,260$70,275$340,535
Mary PruntyChief Financial OfficerFT$251,854$33,627$285,481
Stacy BoucheChief Mortgage Lending OfficerFT$236,652$44,433$281,085
Patrick CurranVP Digital ServicesFT$199,069$54,346$253,415
Cheryl FanningSVP Retail Sales Srv OpsFT$181,961$51,743$233,704
Janel ThouneSVP of Marketing and MissionFT$175,842$55,747$231,589
Bryan EmerlingSVP Buildings and MarketsFT$178,518$43,468$221,986
Angie CloseDirector-$11,500-$11,500
Dennis HaltinnerChair-$11,500-$11,500
Eugene ShawanoDirector-$11,500-$11,500
Julie BerndtDirector-$11,500-$11,500
Lee SilerSecretary-$11,500-$11,500
Matt KollingDirector-$11,500-$11,500
Michael WindbergVice Chair-$11,500-$11,500
Paul PayantDirector-$11,500-$11,500
Susan GitzlaffDirector-$11,500-$11,500
Willis QualheimTreasurer-$11,500-$11,500

Highest Paid Contractors

ContractorServicesLocationCompensation
InfoproInsurance Monitoring1325 S MAIN ST, Fon Du Lac, WI 54935$3,555,657
Jack Henry & Associates INCCore System ServicesPO BOX 609, Monet, MO 65708$2,403,532
Visa USA INCCredit Card ProcessingPO BOX 742233, Los Angeles, CA 90074$1,896,510
National Credit Union AdministrationRegulatory Guidance, Audit, And InsurancPO BOX 969069, St Louis, MO 63197$1,660,270
Nusource Financial INCTechnology Services9749 HAMILTON ROAD, Eden Prairie, MN 55344$1,265,044
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$181,669,244
Investment Income
$52,772,006
Other Revenue
$-60,221
Change in Net Assets
$24,242,104
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$169,381,983
Salaries, Compensation, and Employee Benefits$39,994,225
Grants and Similar Amounts Paid$762,717
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest---$31,257,326
Other Salaries and Wages---$27,347,607
Depreciation Depletion---$6,618,142
Information Technology---$6,589,712
Other Employee Benefits---$5,688,309
Fees for Services Other---$3,611,428
Occupancy---$3,193,946
Office Expenses---$3,043,890
Current Officers, Directors, Trustees, and Key Employees---$2,645,549
Payroll Taxes---$2,318,059
Pension Plan Contributions---$1,994,701
Advertising---$1,562,816
Grants to Domestic Orgs---$762,717
All Other Expenses---$519,733
Travel---$514,256
Insurance---$446,341
Fees for Services Legal---$422,427
Conferences and Meetings---$351,824
Other Expenses---$261,570
Fees for Services Accounting---$141,998
Total Functional Expenses$0$0$0$210,138,925
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Covantage Cares Foundation IncAntigo, WI501(c)(3)General Support$350,000
Boys & Girls Club of the Fox Valley IncNeenah, WI501(c)(3)General Support$25,000
Make-a-wish WisconsinAppleton, WI501(c)(3)General Support$15,300
Wisconsin Timber RattlersAppleton, WI501(c)(3)General Support$15,000
Wausau EventsWausau, WI501(c)(3)General Support$12,500
Boys & Girls Club of the Wausau Area IncWausau, WI501(c)(3)General Support$10,000
St Mary Catholic SchoolsNeenah, WI501(c)(3)General Support$10,000
ALZHEIMER'S ASSOCIATIONWashington, DC501(c)(3)General Support$8,000
Shannon Marie and Louis Porter Smith Foundation IncOregon, WI501(c)(3)General Support$6,750
WOMEN'S FUND FOR THE FOX VALLEY REGIONAppleton, WI-General Support$6,500
Jo-vin Baseball LLC Dba Wisconsin Rapids Rafters BaseballWisconsin Rapids, WI-General Support$6,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Money Market Shares$775,628,337
Regular Shares$708,495,573
Ira/keogh Accounts$565,034,859
Other Liabilties$458,442,796
Share Drafts$440,836,665
Share Certificates$411,069,717
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Covantage credit union is owned and operated by its 171,890 members and a volunteer board of directors. A savings account with a minimal $10 deposit meets the requirement of being a member-owner just as long as they meet one of the other membership requirements such as residing in the chartered area, a family member is already a member, are a member of servco fs cooperative in antigo, or are a student/alumni of a post-secondary school in marathon county, or any person that makes a donation to the covantage cares foundation, inc. Or has a donation made in their name or on their behalf, in any amount of $10.00 or more. Our member-owners benefit from belonging to covantage through lower loan rates, higher savings rates, fewer fees, in addition to the introduction of new products and other incentives.”

Form 990, Part VI, Section A, Line 7A

“The board of directors are elected by the membership utilizing their one vote per member.”

Form 990, Part VI, Section A, Line 7B

“The members would need to approve decisions such as change of name or a merger decision.”

Form 990, Part VI, Section B, Line 11B

“The board of directors is presented with a copy of form 990 at a monthly board meeting, which allows them to review it prior to filing with the internal revenue service.”

Form 990, Part VI, Section B, Line 12C

“All employees, in addition to directors and credit committee members. No director is allowed to become an employee, or vice-versa, while either employed or servicing on the board, or within one year after their termination/ending of board term. In regard to lending, all employee loans are reviewed to ensure no conflicts of interest have occurred within the transaction. Any potential conflicts are reported to the board for review. Any potential conflicts are reviewed by the svp of commercial lending and then reported to the board of directors. Should a conflict of interest arise, it would be acted upon on a case-by-case matter, with appropriate repercussions taken as found appropriate by covantage cu. The conflict of interest policy is enforced consistently from year to year.”

Form 990, Part VI, Section B, Line 15

“The process of determining compensation for officers include utilizing the credit union's compensation management program to perform an annual market analysis review based off of data from comparable positions across all industries. This data is used to create a market average for each position. The midpoint of our paygrade is targeted to be comparable to that market average. The market analysis review is completed annually, beginning in september/october. The new salary amounts are then approved by the board in november for the upcoming year. Salaries are then adjusted on each individual's annual review date. For those individuals listed, this process was last completed in 2024 for the 2025 calendar year.”

Form 990, Part VI, Section C, Line 19

“Covantage credit union makes its governing documents, in addition to its conflict of interest policy, available to the public upon request. Financial statements are available by viewing the ncua 5300 call report or by obtaining an annual statement brochure available in the lobbies of all branches.”

Filing and Contact Details

Filer

Filer Name
Covantage Credit Union
EIN
39-0945701
Phone
7156274336
Address
723 6TH AVENUE PO BOX 107, ANTIGO, WI 54409-0107

Signing Officer

Name
Mary Prutny
Title
Chief Financial Officer
Phone
7156274336
Signed
2025-06-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Zanayed
Formed
1953
Legal Domicile
Wi
Voting Board Members
10
Independent Board Members
10
Employees
573
Volunteers
0

Preparer

Firm
Wipfli Llp
Address
1502 LONDON ROAD SUITE 200, DULUTH, MN 55812
Preparer
Michael J Peterson CPA
Phone
2187224705
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in other comprehensive income 246,040.”

Financial Statement Notes

PART IV, LINE 2B:

“The organization is the trustee of certain member's escrow funds and has fiduciary responsibility for the administration and distribution of these funds for members of the organization.”

PART X, LINE 2:

“The credit union is exempt, under irc 501(c)(14), from most federal and state income taxes. The credit union has filed tax returns in the past for activities it has deemed taxable as unrelated business income. The credit union evaluated its tax positions and determined no uncertain tax positions exist as of december 31, 2024 and 2023. The credit union's 2021 through 2023 tax years are open for examination by federal and state taxing authorities.”

Raw XML AppendixShowing 400 of 908 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0212320860
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt036367286
IRS990/AccountsReceivableGrp/BOYAmt010272299
IRS990/AccountsReceivableGrp/EOYAmt011103828
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0A COOPERATIVE, NONPROFIT CORPORATION, INCORPORATED UNDER WISCONSIN STATE LAW TO ENCOURAGE THRIFT AMONG ITS MEMBERS, CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE COST, AND PROVIDE OPPORTUNITY FOR ITS MEMBERS TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS.
IRS990/AdvertisingGrp/TotalAmt01562816
IRS990/AllOtherExpensesGrp/TotalAmt0519733
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0CHARLES ZANAYED PRESIDENTCEO
IRS990/BooksInCareOfDetail/PhoneNum07156274336
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IRS990/BooksInCareOfDetail/USAddress/CityNm0ANTIGO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0544090107
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IRS990/CashNonInterestBearingGrp/EOYAmt019425647
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IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt02645549
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2CA
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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0INFOPRO
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1JACK HENRY & ASSOCIATES INC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2VISA USA INC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3NATIONAL CREDIT UNION ADMINISTRATION
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4NUSOURCE FINANCIAL INC
IRS990/ContractorCompensationGrp/ServicesDesc0INSURANCE MONITORING
IRS990/ContractorCompensationGrp/ServicesDesc1CORE SYSTEM SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc2CREDIT CARD PROCESSING
IRS990/ContractorCompensationGrp/ServicesDesc3REGULATORY GUIDANCE, AUDIT, AND INSURANC
IRS990/ContractorCompensationGrp/ServicesDesc4TECHNOLOGY SERVICES
IRS990/CreditCounselingInd01
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt0762717
IRS990/CYInvestmentIncomeAmt052772006
IRS990/CYOtherExpensesAmt0169381983
IRS990/CYOtherRevenueAmt0-60221
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IRS990/Desc0COVANTAGE HAS 171,890 MEMBERS, AND PASSES VALUE BACK TO THE MEMBERSHIP THROUGH HIGHER DEPOSIT RATES, LOWER LOAN RATES, AND MINIMAL FEES. AS OF DECEMBER 31, 2024, COVANTAGE WAS PAYING AN ANNUAL PERCENTAGE RATE OF 2.78% ON REGULAR SHARE ACCOUNTS WHEN MANY OTHER FINANCIALS CONTINUED TO KEEP THEIR RATES LOWER IN AN UNCERTAIN INTEREST RATE ENVIRONMENT. COVANTAGE IS ONE OF A FEW FINANCIAL INSTITUTIONS IN THE NATION THAT DO NOT CHARGE NSF OR OVERDRAFT FEES ON CHECKING ACCOUNTS WHICH SAVES OUR MEMBERS OVER 8 MILLION DOLLARS ANNUALLY. COVANTAGE REWARDED MEMBERS WITH AN ADDITIONAL $6,976,426 IN PATRONAGE PAYMENTS IN 2024.
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IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt12CHIEF MORTGAGE LENDING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt13EVP CHIEF RETAIL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt14SVP CHIEF RISK STR PA OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt15SVP CHIEF INFORMATION OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt16SPECIAL PROJECTS OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt17VP DIGITAL SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt18SVP RETAIL SALES SRV OPS
IRS990/Form990PartVIISectionAGrp/TitleTxt19SVP OF MARKETING AND MISSION
IRS990/Form990PartVIISectionAGrp/TitleTxt20SVP BUILDINGS AND MARKETS
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IRS990/MissionDesc0A COOPERATIVE, NONPROFIT CORPORATION, INCORPORATED UNDER WISCONSIN STATE LAW TO ENCOURAGE THRIFT AMONG ITS MEMBERS, CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE COST, AND PROVIDE OPPORTUNITY FOR ITS MEMBERS TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS.
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IRS990/ProgSrvcAccomActy2Grp/Desc0COVANTAGE 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. COVANTAGE WELCOMES ALL REGARDLESS OF WEALTH AND MADE ALMOST 10,000 LOANS OF $5,000 OR LESS. THESE SMALL DOLLAR LOANS ARE NOT ABOUT PROFIT, BUT ABOUT SERVING OUR COMMUNITIES. COVANTAGE OFFERS FREE CREDIT SCORE TRACKING TO HELP OUR MEMBERS BUILD AND MONITOR CREDIT. FOR THOSE LOOKING FOR HOME OWNERSHIP, COVANTAGE ALSO OFFERED ITS COVANTAGE CREATES HOMES MORTGAGE PROGRAM TO HELP THOSE THAT MIGHT NEED ASSISTANCE WITH A DOWN PAYMENT OR NEEDED HOME REPAIRS.
IRS990/ProgSrvcAccomActy3Grp/Desc0COVANTAGE ALSO STRIVES TO SUPPORT FINANCIAL LITERACY, INCLUDING PROVIDING GREENPATH 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 REALITY FAIRS.
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