2024 Overview
General Credit Union Information
Covantage is an NCUA insured institution located in Antigo, WI. It was founded in 1953 and has approximately $3537.02 millions in assets.
Who can join?
You are eligible for membership if you fit into one of the following groups:
You live or work in the following counties: Brown, Clark, Florence, Forest, Langlade, Lincoln, Marathon, Menominee, Oconto, Oneida, Outagamie, Portage, Price, Shawano, Taylor, Waupaca and Wood in Wisconsin; and Dickinson and Iron Counties in Michigan.
You are a spouse, parent, child, stepparent, stepchild, sibling, step-sibling, grandparent, step-grandparent, grandchild or step-grandchild of a current CoVantage Credit Union member.
You are a member of Servco FS Cooperative (formerly Farm Bureau Cooperative) in Antigo.
You are a present student or alumni of a post-secondary school in Marathon County.
You were a member at the time of the merger with Shawano Paper Mills Employees Credit Union.
You are an employee of Little Rapids Corporation, Shawano Mill, or Weber Veneer & Plywood Company.
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 66848 |
| Date Established | 1953 |
| Assets | $3,537.02 million |
| Loans | $2,829.14 million |
| Deposits | $3,018.49 million |
| Capital | $319.06 million |
Field of Membership Restrictions
Membership in CoVantage Credit Union is open to those who live or work in Brown, Clark, Florence, Forest, Langlade, Lincoln, Marathon, Marinette, Menominee, Oconto, Oneida, Outagamie, Portage, Price, Shawano, Taylor, Vilas, Waupaca and Wood Counties in Wisconsin, and Dickinson and Iron Counties in Michigan.
Deposit Rates - April 20, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| SAV
|
1.10% | $10 | - |
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|
|
Money Market
|
0.85% | $0 | $24,999 |
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|
|
Money Market
|
2.50% | $25,000 | $99,999 |
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|
|
Money Market
|
3.50% | $100,000 | $249,999 |
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|
|
Money Market
|
4.10% | $250,000 | $499,999 |
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|
|
Money Market
|
4.25% | $500,000 | $749,999 |
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|
|
Money Market
|
4.75% | $750,000 | - |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
1.10% | $5,000 | - |
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|
| 11 Mo CD
|
5.75% | $1,000 | - |
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|
| 12 Mo CD
|
4.00% | $1,000 | - |
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|
| 24 Mo CD
|
4.00% | $1,000 | - |
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|
| 36 Mo CD
|
4.25% | $1,000 | - |
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|
| 48 Mo CD
|
4.35% | $1,000 | - |
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|
| 60 Mo CD
|
4.50% | $1,000 | - |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| VIRA
|
1.10% | $10 | - | Learn More |
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| INTCK
|
0.10% | $500 | - | Learn More |
Loan Rates - April 20, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Covantage
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
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|---|---|---|---|---|---|---|
NMLS ID: 3030 |
7.451% | 7.375% | 0.75 | $2,400 | $2,211 | Learn More |
NMLS ID: 491986 |
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NMLS ID: Not a Lender |
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NMLS ID: 1907 |
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Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Covantage
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are Covantage branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
COVANTAGE is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Covantage Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Covantage. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Covantage | U.S. Average |
|---|---|
| 5.70% | 6.97 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of December 31, 2023, Covantage had $18,956,321 in non-current loans and $184,582 in owned assets. To cover these potential losses it had $319,060,474 in net worth and $16,764,088 in loans loss reserves. That gives it a Texas Ratio of 5.70%.
Net Worth
| Covantage | U.S. Average |
|---|---|
| 9.02% | 13.62% |
Covantage FCU has a net worth of 9.02% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Covantage
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