Sep, 30, 2025 — COVANTAGE CREDIT UNION is a federally insured state chartered credit union headquartered in ANTIGO, WI with 30 branch locations and about $4.02 billion in total assets. Opened 73 years ago in 1953, COVANTAGE CREDIT UNION has about 180,821 members and employs 493 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COVANTAGE CREDIT UNION |
|---|---|
| Address: (Main Office) | 723 6th Ave ANTIGO, WI 54409 |
| Phone: | (715) 627-4336 |
| Fax: | |
| Website: | https://www.covantagecu.org |
| Branches: | 30 branch locations |
| Members: | 180,821 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66848 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $4,024,238,616 |
| CEO/Manager: | Charles Zanayed |
| Chairperson: | Mike Windberg |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 145,932,765 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 10,056,731 |
| Real Estate Loans | 2,220,042,939 |
| Unsecured Loans | 111,462,049 |
| Other Loans | 923,322,056 |
| TOTAL LOANS | 3,265,744,127 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -19,671,805 |
| Land And Building | 53,126,607 |
| Other Fixed Assets | 7,283,451 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 26,267,417 |
| All Other Assets | 2,851,825 |
| TOTAL ASSETS | 4,024,238,616 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 275,000,000 |
| Accounts Payable & Other Liabilities | 61,456,284 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 427,140,194 |
| Regular shares | 731,053,383 |
| All Other Shares & Deposits | 2,159,765,495 |
| TOTAL SHARES & DEPOSITS | 3,317,959,073 |
| TOTAL LIABILITIES | 3,654,951,564 |
| Regular Reserve | 0 |
| Other Reserves | 6,448,172 |
| Undivided Earnings | 362,838,880 |
| TOTAL EQUITY | 369,287,052 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,024,238,616 |
| INCOME & EXPENSE | |
| Loan Income | 130,331,673 |
| Investment Income | 12,356,131 |
| Other Income | 2,222,351 |
| Total Employee Compensation & Benefits | 32,638,846 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 30,903,880 |
| Non-operating Income & (Expense) | 129,607 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,625,533 |
| Cost of Funds | 76,011,991 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 32,667,246 |
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