CoVantage Credit Union is headquartered in Antigo and is the 8th largest credit union in the state of Wisconsin. It is also the 151st largest credit union in the nation. It was established in 1953 and as of December of 2020, it had grown to 391 employees and 126,996 members at 18 locations. CoVantage Credit Union's money market rates are 25% higher than the national average, and it has an A health rating.
Field of Membership Restrictions
Membership in CoVantage Credit Union is open to those who live or work in Brown, Calumet, Clark, Florence, Forest, Langlade, Lincoln, Marathon, Marinette, Menominee, Oconto, Oneida, Outagamie, Portage, Price, Shawano, Taylor, Vilas, Waupaca, Winnebago, and Wood Counties in Wisconsin, and Dickinson, Iron, and Menominee Counties in Michigan.
See current membership details
Best Around
If you are looking for a place to listen and give you a chance, Covantage is the place to go. Rate shop yourself and you will find yourself back to Covantage! Exceptional service and rates and all around A + place to bank. I have lived in many states and used many types of financial institutions and this is by far superior to all. I would recommend them to everyone who is considering.
Great Interest Rates, Great Customer Service
I joined earlier this year and am in the process of switching all my accounts here because I have been so satisfied with the way I have been treated here. They have an easy online membership form to join. I always get to talk to a real person when I call, and any email correspondence has been answered promptly. They also have convenient hours. A small town feel even though they have grown quite a bit in the last few years.
All They Say Is "No".
A lot of people tell me this is a good credit union to get loans, to have a checking account, and to finance vehicles. It seems all they tell me is "no". I applied for a checking account from them a couple times over the last 20 years.. and they tell me "no". Applied for loans and they tell me "no". My mother has been with the credit union for 40+ years and they told her "no" for a $500 holiday helper loan. Apparently all the loans she took out in the past, and having a long credit history didn't matter for a measly $500..Had a friend who was with them for decades and good credit recently denied a mortgage. I have no idea what their requirements are for loans, checking accounts, and other products when they reject people with good jobs, and decent credit.
WORST CREDIT UNION
This credit union gives the credit union industry a bad name. It outsources parts of its business. It is no different than a bank. It is uncaring to its members. The loan rates are better elsewhere. It finds ways to charge fees rather than finding ways to help members through difficult times.
I worked at a credit union for many years. This one truly is no different than a bank on how it operates. It is all about profit.
Spare yourself the poor service, average rates, and impersonal treatment. You work hard for your money...you deserve a financial institution that appreciates your business and will work with you...not against you.
I met with the branch manager to discuss my concerns and he told me the fees were high to teach people a lesson. Here is my lesson....my checking, savings, mortgage, and other loans went to a credit union that knows how to treat people fairly and respectfully.
Data as of Q4 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 66848 |
| Year Chartered | 1953 |
| Employees | 391 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.09% |
| Return on Equity - YTD | 10.03% |
| Annual Interest Income | $70.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $2.31B$1.91B |
| Loans | Q4 2020vs Q4 2019 | $1.66B$1.53B |
| Deposits | Q4 2020vs Q4 2019 | $2.03B$1.66B |
| Equity Capital | Q4 2020vs Q4 2019 | $245.8MM$219.6MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $15.7MM$11.8MM |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $9.9MM$7.1MM |
| Real Estate Owned | Q4 2020vs Q4 2019 | $441.00K$192.00K |
