CoVantage Credit Union is headquartered in Antigo and is the 8th largest credit union in the state of Wisconsin. It is also the 154th largest credit union in the nation. It was established in 1953 and as of December of 2019, it had grown to 384 employees and 120,768 members at 22 locations. CoVantage Credit Union 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.
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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.
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.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 66848 |
| Year Chartered | 1953 |
| Employees | 384 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1% |
| Return on Equity - YTD | 8.62% |
| Annual Interest Income | $68.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $1.91B$1.65B |
| Loans | Q4 2019vs Q4 2018 | $1.53B$1.34B |
| Deposits | Q4 2019vs Q4 2018 | $1.66B$1.42B |
| Equity Capital | Q4 2019vs Q4 2018 | $219.6MM$189.1MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $11.8MM$10.3MM |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $7.1MM$4.3MM |
| Real Estate Owned | Q4 2019vs Q4 2018 | $192.00K$259.00K |
