Organizations Filed Purposes:
A COOPERATIVE, NONPROFIT CORPORATION, INCORPORATED UNDER WISCONSIN STATE LAW TO ENCOURAGE THRIFT AMONG ITS MEMBERS, CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE COST, AND PROVIDE OPPORTUNITY FOR ITS MEMBERS TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS.
COVANTAGE HAS 108,006 MEMBERS, AND FOR THOSE LOOKING TO SAVE, COVANTAGE STRIVES TO PAY DIVIDEND RATES THAT ARE ABOVE MARKET RATES, EVEN IN THESE FLAT ECONOMIC RATE ENVIRONMENT. AS OF DECEMBER 31, 2018, COVANTAGE WAS PAYING AN ANNUAL PERCENTAGE RATE OF 0.80% ON REGULAR SHARE ACCOUNTS WHEN MANY OTHER FINANCIALS CONTINUED TO SIGNIFICANTLY DROP THEIR RATES AS THE ECONOMIC CONDITIONS CONTINUED TO DETERIORATE. OUR MINIMUM BALANCE OF ONLY $10 CONTINUED TO BE MAINTAINED, WHICH HELPED MANY MEMBERS IN TIMES OF HARDSHIP. MEMBERS WERE NOT ONLY ABLE TO RECEIVE THE BENEFIT OF HIGHER THAN AVERAGE RATES DURING POOR ECONOMIC CONDITIONS, BUT COVANTAGE STILL REWARDED MEMBERS WITH AN ADDITIONAL $3,414,740 IN PATRONAGE PAYMENTS IN 2018.
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, IN ADDITION TO REWARD CREDIT CARDS WITH VERY COMPETITIVE INTEREST RATES. OTHER LOW-COST OPTIONS INCLUDE OUR OWN PAYDAY ADVANCE LOANS IN ADDITION TO SHARE-SECURED CREDIT CARDS AND OTHER CREDIT BUILDER LOANS FOR THOSE MEMBERS THAT NEED TO REBUILD CREDIT. FOR THOSE LOOKING FOR HOME OWNERSHIP, COVANTAGE ALSO OFFERS 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 ACCEL 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 KIDZ CREDIT UNIONS OPERATED THROUGH LOCAL MIDDLE SCHOOLS.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Charles Zanayed | PRESIDENT | 40 | $435,526 |
| Douglas Anderson | CHIEF FINANCIAL OFFICER | 40 | $221,902 |
| Brett Lee | CHIEF RETAIL OFFICER | 40 | $210,754 |
| Sherry Aulik | CHIEF IMPACT OFFICER | 40 | $210,212 |
| Robert Van Abel | CHIEF INFORMATION OFFICER | 40 | $208,000 |
| Steve Wilder | CHIEF COMMERCIAL OFFICER | 40 | $200,180 |
| Patrick Curran | VP DIGITAL & BUSINESS SOLUTIONS | 40 | $160,513 |
| Stacy Bouche | CHIEF MORTGAGE LENDING OFFICER | 40 | $152,422 |
| Paul Payant | SECRETARY | 2 | $5,550 |
| Susan Gitzlaff | TREASURER | 2 | $5,550 |
| Willis Qualheim | VICE-CHAIRPERSON | 2 | $5,550 |
| Lee Siler | CHAIRPERSON | 3 | $5,550 |
| Robert Macintosh | CREDIT COMMITTEE | 2 | $5,550 |
| Eugene Shawano | DIRECTOR | 2 | $5,550 |
| Karen Novak | DIRECTOR | 2 | $5,550 |
| Matt Kolling | DIRECTOR | 2 | $5,550 |
| Michael Windberg | DIRECTOR | 2 | $5,000 |
| Bob Lamovec | DIRECTOR (THRU JULY) | 2 | $2,550 |
| Charles Dallas | DIRECTOR (THRU FEBRUARY) | 2 | $550 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/201913169349303766_public.xml