Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
21 people listed on the 990; $3.8M paid to officers and key staff.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Charles Zanayed | $796,005 | $687,017 | $621,952 | $558,977 | $528,716 |
| Sherry Aulik | $548,074 | $356,522 | $307,378 | $272,252 | $258,504 |
| Brett Lee | $374,272 | $330,900 | $309,514 | $276,907 | $255,916 |
| Joan Farrell | $309,624 | $275,984 | $267,410 | $253,986 | $250,576 |
| Sean Van Handel | $295,994 | $246,168 | $223,515 | $207,541 | $197,299 |
| Mary Prunty | $273,573 | $222,957 | — | — | — |
| Schwan Hardi | — | — | $240,084 | $260,279 | $232,884 |
| Stacy Bouche | $258,437 | $231,432 | $208,961 | $193,300 | $176,012 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Helps members save money, get fair loans, and improve their lives.
Questions for Covantage Credit Union
Your first name shows with your question. Covantage Credit Union answers here, for everyone.
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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…
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…
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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $157.9M | $218.4M |
| InvestmentsLn 11–13 | $413.1M | $444.2M |
| Land, buildings, equipmentLn 10c | $62.7M | $60.4M |
| Total assetsLn 16 | $3.54B | $3.73B |
| LiabilitiesLn 26 | $3.23B | $3.40B |
| Net assetsLn 32 | $302.7M | $327.7M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $763K | |||
| Pay of current officers, directors and key staffLn 5 | $2.6M | |||
| Other salaries and wagesLn 7 | $27.3M | |||
| Pension plan contributionsLn 8 | $2.0M | |||
| Other employee benefitsLn 9 | $5.7M | |||
| Payroll taxesLn 10 | $2.3M | |||
| Legal feesLn 11b | $422K | |||
| Accounting feesLn 11c | $142K | |||
| Other fees for servicesLn 11g | $3.6M | |||
| Advertising and promotionLn 12 | $1.6M | |||
| Office expensesLn 13 | $3.0M | |||
| Information technologyLn 14 | $6.6M | |||
| OccupancyLn 16 | $3.2M | |||
| TravelLn 17 | $514K | |||
| Conferences, conventions and meetingsLn 19 | $352K | |||
| InterestLn 20 | $31.3M | |||
| Depreciation, depletion and amortizationLn 22 | $6.6M | |||
| InsuranceLn 23 | $446K | |||
| Other expenses (24a–d)Ln 24 | $111.1M | |||
| All other expensesLn 24e | $520K | |||
| Total functional expensesLn 25 | $210.1M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $234.4M | $210.1M | $24.2M | $327.7M | 990 PDF |
| FY2023 | $190.2M | $171.0M | $19.2M | $302.7M | 990 PDF |
| FY2022 | $121.7M | $99.0M | $22.7M | $274.2M | 990 PDF |
| FY2021 | $105.1M | $71.7M | $33.4M | $274.8M | 990 PDF |
| FY2020 | $100.3M | $75.6M | $24.7M | $245.8M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $234,381,029 revenue, 12 lines filed
Part VI · Governance 10 of 10 board members independent, no flags
Part VIII · Statement of revenue $234,381,029 across 5 lines filed
Part IX · Statement of functional expenses $210,138,925 across 20 lines filed
Part X · Balance sheet $3,725,346,803 assets, 15 lines filed
Part XI · Reconciliation of net assets $327,696,033 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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