Why Covantage Credit Union
FY2024 · Form 990Its mission and biggest programs, as filedHelps members save money, get fair loans, and improve their lives.
- 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…
- 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…
- 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…
Before you apply
FY2024 · Form 990Independent: from IRS data, not the orgPays its leaders
$12K–$796K
12 officers reported
Fine: from the org's Form 990.
Pt VII · Sec A
Budget
$210.1M
spent in FY2024
Fine: from the org's Form 990.
Pt I · Ln 18
Staff
515
employees
Fine: from the org's Form 990.
Pt I · Ln 5–6
Surplus or deficit
+10%
of revenue, FY2024
Looks good: revenue was at least expenses in the latest filing.
Pt I · Ln 19
Cash reserves
19 mo
of spending, in cash and securities
Looks good: 18.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file
Looks goodFineWorth a lookConcernTap a box for the reason.
About the role
The org's own posting, as writtenLooking for work-life balance? Want to work for a mission-based, family friendly organization? CoVantage Credit Union is seeking a year-round part-time Teller to join the team at our Iron River, MI location!
About Covantage Credit Union
From its Form 990- Budget $234.4M
- Staff 515 · founded 1953
- Pays its leaders $12K–$796K (12 reported)
- Open jobs 16 · Jobs at Covantage Credit Union · Full 990 report