COVANTAGE CREDIT UNION

As filed

Subsection

14

Street

723 6TH AVENUE PO BOX 107

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

• COVANTAGE 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.

• COVANTAGE 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.

• COVANTAGE 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.

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $234,381,029

  Expenses

  $210,138,925

  Contributions

  $0

  Grants paid

  $762,717

• 2023

  Revenue

  $190,206,603

  Expenses

  $170,991,216

  Contributions

  $1,160,000

  Grants paid

  $462,351

• 2022

  Revenue

  $121,730,079

  Expenses

  $98,996,617

  Contributions

  $548,813

  Grants paid

  $756,269

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $105,078,652

  Expenses

  $71,718,273

  Assets (EOY)

  $2,634,029,543

• 2020 · 990

  Revenue

  $100,317,089

  Expenses

  $75,643,212

  Assets (EOY)

  $2,308,873,736

• 2019 · 990

  Revenue

  $87,658,851

  Expenses

  $68,720,086

  Assets (EOY)

  $1,905,407,431

• 2018 · 990

  Revenue

  $73,234,487

  Expenses

  $55,893,023

  Assets (EOY)

  $1,645,093,652

• 2017 · 990

  Revenue

  $63,738,863

  Expenses

  $46,649,518

  Assets (EOY)

  $1,508,908,894

• 2016 · 990

  Revenue

  $58,556,703

  Expenses

  $43,274,454

  Assets (EOY)

  $1,366,110,547

• 2015 · 990

  Revenue

  $51,388,333

  Expenses

  $36,873,005

  Assets (EOY)

  $1,238,473,925

• 2014 · 990

  Revenue

  $45,286,893

  Expenses

  $34,807,823

  Assets (EOY)

  $1,127,705,215

• 2012 · 990

  Revenue

  — not reported

  Expenses

  $35,806,613

  Assets (EOY)

  $1,045,768,554

• 2011 · 990

  Revenue

  — not reported

  Expenses

  $35,702,580

  Assets (EOY)

  $944,231,290

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Form 990-N e-Postcard, tax year 2014

Tax period

1 January 2014 to 31 December 2014

Principal officer

Amanda Howe

Mailing address

207 Sidewinder StreetGwinn MI 49841

As filed, from the IRS e-Postcard file of 26 October 2026. The IRS publishes only each organization's most recent postcard, so earlier years are not shown. A 990-N carries no financial detail. The postcard also gives the principal officer's address, which is not shown here.

Grants made

• COVANTAGE CARES FOUNDATION INC

  $350,000

  2024 · GENERAL SUPPORT

• DC EVEREST AREA EDUCATION FOUNDATION INC

  $250,000

  2022 · GENERAL SUPPORT

• COVANTAGE CARES FOUNDATION INC

  $200,000

  2022 · GENERAL SUPPORT

• COVANTAGE CARES FOUNDATION INC

  $150,000

  2023 · GENERAL SUPPORT

• BOYS & GIRLS CLUB OF THE FOX VALLEY INC

  $25,000

  2024 · GENERAL SUPPORT

• MAKE A WISH WISCONSIN

  $16,500

  2023 · GENERAL SUPPORT

• MAKE-A-WISH WISCONSIN

  $15,300

  2024 · GENERAL SUPPORT

• WISCONSIN TIMBER RATTLERS

  $15,000

  2024 · GENERAL SUPPORT

• WISCONSIN TIMBER RATTLERS

  $14,000

  2023 · GENERAL SUPPORT

• THIRD BASE VENTURES LLC WISCONSIN TIMBER RATTLERS

  $13,500

  2022 · GENERAL SUPPORT

The 10 largest by cash amount. The API serves every itemized grant.

Where these grants went next →

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Other IRS files