Credit union
CoVantage Credit Union
Antigo, Wisconsin, Langlade County, WI
$4.2B in total assets and 186,054 members, the 122nd largest of 4,298 US credit unions and 6th of 98 headquartered in Wisconsin.
- NCUA charter
- 66848
- Charter
- State chartered (WI)
- Chartered
- 1953
- NCUA insured since
- 1986
- Low-income designation
- Yes
- Website
- http://www.covantagecu.org
At a glance
Compared with 14 federally insured credit unions in Wisconsin with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This credit union | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $4.2B | 64% | $3.7B | |
| Loans | $3.4B | 64% | $2.8B | |
| Deposits (shares) | $3.5B | 57% | $3.0B | |
| Members | 186,054 | 57% | 163,724 | |
| Return on assets | 1.20% | 50% | 1.21% | |
| Net interest income to assets | 2.97% | 14% | 3.48% | |
| Efficiency ratio | 60.7% | 29% | 65.8% | |
| Net worth ratio | 9.77% | 14% | 11.55% | |
| Loans to shares | 98% | 57% | 94% | |
| Cost of deposits | 2.30% | 86% | 2.07% |
Ratios are annualized from year-to-date figures. Return on assets uses average assets, as NCUA does. Cost of deposits includes dividends on shares.
Growth
Total assets grew 12.1% a year over 10 years and 10.8% a year over the last 5, including 3 mergers in the last 10 years. Membership grew 6.7% a year over 5 years, to 186,054.
Dashed lines mark larger mergers, listed below.
Mergers and acquisitions
| Closed | Absorbed | Assets at last filing |
|---|---|---|
| Jan 2023 | LincolnWay Community Bank Bank, New Lenox, IL | $318M |
| Jan 2019 | Centralalliance Credit Union Credit union, Neenah, WI | $73M |
| Sep 2017 | Menominee Area Credit Union Credit union, Menominee, MI | $9M |
| May 2012 | Wausau Postal Employees Credit Union Credit union, failed, Wausau, WI | $8M |
| Jan 2012 | Marathon Rothschild Credit Union Credit union, Rothschild, WI | $23M |
| Mar 2011 | Wisconsin Heights Credit Union Credit union, failed, Ogema, WI | $714K |
Where they operate
24 branches in 13 counties.
Largest counties by branches
| County | Branches | Share of all branches | Rank |
|---|---|---|---|
| Marathon County, WI | 4 | 5.8% | 3 of 30 |
| Langlade County, WI | 3 | 30.0% | 1 of 6 |
| Will County, IL | 2 | 1.1% | 19 of 47 |
| Iron County, MI | 2 | 33.3% | 1 of 5 |
| Brown County, WI | 2 | 2.1% | 12 of 27 |
| Outagamie County, WI | 2 | 2.8% | 11 of 27 |
| Portage County, WI | 2 | 5.6% | 3 of 24 |
| Shawano County, WI | 2 | 12.5% | 1 of 10 |
Credit unions do not report deposits by branch, so these are branch counts: this credit union's branches against every bank and credit union branch in the county. Rank is among all banks and credit unions with a branch there.
Branches by year
| Year end | Branches | Change |
|---|---|---|
| 2016 | 20 | |
| 2017 | 20 | 0 |
| 2018 | 20 | 0 |
| 2019 | 23 | +3 |
| 2020 | 23 | 0 |
| 2021 | 23 | 0 |
| 2022 | 24 | +1 |
| 2023 | 21 | −3 |
| 2024 | 21 | 0 |
| 2025 | 23 | +2 |
| Jun 2026 | 24 | +1 |
Member-serving offices as listed in NCUA call reports. Changes include branches gained in mergers.
Earnings and credit
Return on assets
Year to date, annualized, with the peer median.
Credit and capital
| This credit union | Peer median | |
|---|---|---|
| Delinquent loans, 60+ days | 1.28% | 0.56% |
| Net worth ratio | 9.77% | 11.55% |
| Loans to shares | 98% | 94% |
Delinquent loans are two or more months past due. Net worth is NCUA's capital measure for credit unions.
Related
Credit unions of similar size in Wisconsin
Most branches in Marathon County, WI
Figures as of June 30, 2026 from the credit union's NCUA call report (Form 5300), NCUA's credit union locator and FFIEC merger records.