Monday, July 6, lobby and drive-up hours will change at some of our branches to better accommodate member needs and to better utilize our staff. The changes are as follows:
To view new hours at a specific branch, visit www.covantagecu.org/Locations-Hours
after July 6.
The CoVantage Credit Union Board of Directors has authorized donations totaling $100,000 in support of area non-profit organizations that are located throughout several communities served by the financial cooperative.
Funds were specifically targeted to support local charities that have been working with those experiencing financial challenge as a result of the COVID-19 pandemic, such as area food pantries, homeless shelters, and community foundations.
The following organizations have received donations:
The CoVantage Credit Union Board of Directors has authorized that up to $20 million be made available to assist existing credit union member-owners affected financially by the recent pandemic emergency. These COVID-19 Member Relief Efforts will focus on providing financial relief for CoVantage members that includes an opportunity for deferred payments on existing loans, waived late fees on loans, deferred first payments on new consumer loans, and more. Individuals, families and businesses who are current CoVantage members should reach out to CoVantage if they need assistance.
According to Charlie Zanayed, CoVantage CEO, “CoVantage has a long history of assisting member-owners in times of need, and we are devoted to helping those who have supported their credit union. We are so grateful for the trust our member-owners place in us; their loyalty is why CoVantage is a cooperative with nearly $2 billion in assets and consistently rated one of the healthiest and best performing credit unions in the country. CoVantage would not be able to offer this relief program if it wasn’t for our members’ support. Credit unions were created to serve during difficult times, and CoVantage is well-positioned to make these resources available to our members today.”
CoVantage understands that individuals, families, and businesses have been impacted by the COVID-19 outbreak and more will continue to be affected. These special efforts are being put into place to support CoVantage credit union members (including business members) who are most affected by the health, economic, and social impacts of this pandemic. “While we certainly won’t be able to help every individual or business, and we can’t solve every problem, we will always be ready to try to be there for those who are a part of our cooperative,” added Zanayed.
Because CoVantage serves many low- and moderate-income communities, the United States Treasury has designated CoVantage as a Community Development Financial Institution (CDFI). The CDFI designation allows CoVantage to apply for and receive grant funds. CoVantage will be applying for grant funds recently made available for pandemic relief, with hopes of assisting even more people served by the financial cooperative. While there is no guarantee CoVantage will be awarded grants, if approved, CoVantage will share additional details with member-owners and the communities we serve.
If you are a current CoVantage member-owner who needs financial assistance, please call 800-398-2667 or visit www.covantagecu.org/COVID19 for more information.
According to CoVantage Credit Union President Charlie Zanayed, “Our Board of Directors believe now is the opportune time to build a new branch in Rothschild to serve our growing membership. More and more members in Marathon County are trusting CoVantage with their financial needs and we’re so grateful to provide this new convenient office.”
CoVantage has purchased land at the corner of County Hwy XX and Trailwood Lane in the Village of Rothschild. In the spring, construction will begin on a new 2,700-square foot branch that will feature a modern design. This office will offer a combination of digital services and personal interactions with staff to ensure members are served in an efficient and friendly manner. The new Rothschild branch will have staff available to assist members with loans and deposit accounts. The branch will also offer Interactive Teller Machines (ITMs) to provide fast, convenient service. The ITMs will allow members to interact with live, local tellers using video technology, where they can complete a wide range of services.
See how we are making a difference.
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