Covantage Credit Union logo

Covantage Credit Union

Grantmaker Antigo, WI EIN: 39-0945701 Website

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.

Key facts about Covantage Credit Union

In short: Covantage Credit Union gave $465K across 11 grants in 2024 (avg $42K), mostly in Wisconsin. 45% of 2024 grantees were new. Source: 2024 IRS Form 990 filing.

EIN
39-0945701
Latest 990 filing
Form 990 filing, 2024
Annual giving (2024)
$465,050
Grants made (2024)
11
Average grant
$42,277
Median grant
$10,000
New grantees (estimate)
45% first-time grantees (5 of 11, 2024)
Total assets
$3,725,346,803
Primary geography
Wisconsin (98% of itemized 2024 grant dollars)

Data from IRS Form 990 filing, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).

Financial Overview

From 2024 IRS Form 990 filing · View filing

Total Assets

$3.7B

+5.3% YoY

Annual Giving

$465K

+99.4% YoY

Grant Count

11

+22.2% YoY

Avg Grant Size

$42K

+63.1% YoY

Is Covantage Credit Union open to new grantees?

45%

first-time grantees, 2024

In 2024, 5 of 11 grantees (45%) were first-time recipients. First grants averaged $10K; repeat grants $69K. How we count

Medians: $7K first-time, $14K repeat.

  • 45% of 2024 grantees were also funded in 2023. Method
  • Giving fell 41% from 2021 to 2024. Method

Estimate from itemized grant lists in IRS Form 990 filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

About Covantage Credit Union

Based on IRS filings

Covantage Credit Union is a nonprofit organization, based in Antigo, WI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.7B in total assets. In 2024, it awarded 11 grants totaling $465K. Net investment income was $52.8M.

Your AI grants department

Ready to take the next step with Covantage Credit Union?

Fully replaces Grant database subscriptions Instrumentl · Foundation Directory · GrantStation & similar

Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of all 11 itemized 2024 grant dollars.

Cities

WausauAntigoAppletonNeenahShawanoWauwatosaHancockMarquetteMenashaOcontoOregonOshkoshRhinelanderSchofieldStevens PointWashingtonWisconsin Rapids

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K$800K22 grants20206 grants20217 grants20229 grants202311 grants2024

From 2020 to 2024, annual grant giving ranged from $233K (2023) to $787K (2021). In 2024 it made 11 grants totaling $465K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Covantage Cares Foundation Inc: $350KCovantage Cares Foundation Inc$350KBoys & Girls Club of the Fox Valley Inc: $25KBoys & Girls Club of the FoxValley Inc$25KMake-a-Wish Wisconsin: $15KMake-a-Wish Wisconsin$15KWisconsin Timber Rattlers: $15KWisconsin Timber Rattlers$15KWausau Events: $13KWausau Events$13KSt Mary Catholic Schools: $10KSt Mary Catholic Schools$10KBoys & Girls Club of the Wausau Area Inc: $10KBoys & Girls Club of theWausau Area Inc$10KAlzheimer's Association: $8KAlzheimer's Association$8KShannon Marie and Louis Porter Smith Foundation Inc: $7KShannon Marie and Louis PorterSmith Foundation Inc$7KWomen's Fund for the Fox Valley Region: $7KWomen's Fund for the FoxValley Region$7K

The largest 2024 recipient was Covantage Cares Foundation Inc ($350K). Together the top 10 received $459K.

Grant Size Distribution

55 grants across all recorded years

48<$50K1$50–100K3$100–250K2$250–500K1$500K–1M$1–5M$5M+

The most common grant size was under $50K: 48 grants of 55 (87%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Covantage Cares Foundation Inc Antigo, WIGeneral Support$350,000
Boys & Girls Club of the Fox Valley Inc Neenah, WIGeneral Support$25,000
Make-a-Wish Wisconsin Appleton, WIGeneral Support$15,300
Wisconsin Timber Rattlers Appleton, WIGeneral Support$15,000
Wausau Events Wausau, WIGeneral Support$12,500
St Mary Catholic Schools Neenah, WIGeneral Support$10,000
Boys & Girls Club of the Wausau Area Inc Wausau, WIGeneral Support$10,000
Alzheimer's Association Washington, DCGeneral Support$8,000
Shannon Marie and Louis Porter Smith Foundation Inc Oregon, WIGeneral Support$6,750
Women's Fund for the Fox Valley Region Appleton, WIGeneral Support$6,500

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$100M$200M$300M20202021202220232024
Metric202420232022
Total Assets$3,725,346,803$3,537,015,111$2,963,887,227
Revenue$234,381,029$190,206,603$121,730,079
Expenses$210,138,925$170,991,216$98,996,617
Qualifying Distributions———
Net Investment Income$52,772,006$32,806,664$16,347,801
Distributable Amount———

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Covantage Credit Union is led by Charles Zanayed, President on every filing since 2020; all 21 officers listed in 2024 are compensated.

Officers on the 2024 filing

  • Charles Zanayed

    President

    On filings since 2020

    40 hrs/week

    $529K (2020) → $796K (2024)

  • Dennis Haltinner

    Chair

    Treasurer → Vice Chair, 2022

    Vice Chair → Chair, 2023

    On filings since 2020

    2 hrs/week

    $6K (2020) → $12K (2024)

  • Eugene Shawano

    Director

    On filings since 2020

    2 hrs/week

    $6K (2020) → $12K (2024)

  • Matt Kolling

    Director

    On filings since 2020

    2 hrs/week

    $6K (2020) → $12K (2024)

  • Paul Payant

    Director

    On filings since 2020

    2 hrs/week

    $6K (2020) → $12K (2024)

  • Susan Gitzlaff

    Director

    Vice Chair → Chair, 2022

    Chair → Director, 2023

    On filings since 2020

    2 hrs/week

    $6K (2020) → $12K (2024)

  • Julie Berndt

    Director

    On filings since 2022

    2 hrs/week

    $8K (2022) → $12K (2024)

  • Angie Close

    Director

    On filings since 2023

    2 hrs/week

    $8K (2023) → $12K (2024)

  • Brett Lee

    Executive Vice President Chief Retail Officer

    Chief Retail Officer → Executive Vice President Chief Retail Officer, 2024

    On filings since 2020

    40 hrs/week

    $256K (2020) → $374K (2024)

  • Joan Farrell

    Senior Vice President Chief Risk Str Pa Officer

    Chief Risk Officer → Senior Vice President Chief Risk Str Pa Officer, 2024

    On filings since 2020

    40 hrs/week

    $251K (2020) → $310K (2024)

  • Lee Siler

    Secretary

    Director → Secretary, 2023

    On filings since 2020

    2 hrs/week

    $6K (2020) → $12K (2024)

  • Michael Windberg

    Vice Chair

    Secretary → Vice Chair, 2023

    On filings since 2020

    2 hrs/week

    $6K (2020) → $12K (2024)

  • Sean Van Handel

    Senior Vice President Chief Information Officer

    Chief Information Officer → Senior Vice President Chief Information Officer, 2024

    On filings since 2020

    40 hrs/week

    $197K (2020) → $296K (2024)

  • Sherry Aulik

    Special Projects Officer

    Chief Impact Officer → Special Projects Officer, 2024

    On filings since 2020

    40 hrs/week

    $259K (2020) → $548K (2024)

  • Stacy Bouche

    Chief Mortgage Lending Officer

    On filings since 2020

    40 hrs/week

    $176K (2020) → $258K (2024)

  • Willis Qualheim

    Treasurer

    Chair → Treasurer, 2022

    On filings since 2020

    2 hrs/week

    $6K (2020) → $12K (2024)

  • Patrick Curran

    Vice President Digital Services

    On filings since 2022

    40 hrs/week

    $192K (2022) → $219K (2024)

  • Mary Prunty

    Chief Financial Officer

    On filings since 2023

    40 hrs/week

    $223K (2023) → $274K (2024)

  • Bryan Emerling

    Senior Vice President Buildings & Markets

    New on the 2024 filing

    40 hrs/week

    $197K (2024)

  • Cheryl Fanning

    Senior Vice President Retail Sales Srv Ops

    New on the 2024 filing

    40 hrs/week

    $201K (2024)

  • Janel Thoune

    Senior Vice President of Marketing & Mission

    New on the 2024 filing

    40 hrs/week

    $194K (2024)

Former officers (5)
  • Former: Charles Dallas (2022–2023) — Tier Cr Committee Member
  • Former: Karen Novak (2020–2022) — Director
  • Former: Schwan Hardi (2020–2022) — Chief Financial Officer
  • Former: Michele Brettingen (2020–2021) — Mortgage Loan Originator
  • Former: Tonni Larson (2020) — Commercial Loan Officer

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2024 IRS filing

Charles Zanayed — President: $796KCharles ZanayedPresident$796KSherry Aulik — Special Projects Officer: $548KSherry AulikSpecial Projects Officer$548KBrett Lee — EVP Chief Retail Officer: $374KBrett LeeEVP Chief Retail Officer$374KJoan Farrell — SVP Chief Risk STR Pa Officer: $310KJoan FarrellSVP Chief Risk STR Pa Officer$310KSean Van Handel — SVP Chief Information Officer: $296KSean Van HandelSVP Chief Information Officer$296KMary Prunty — Chief Financial Officer: $274KMary PruntyChief Financial Officer$274KStacy Bouche — Chief Mortgage Lending Officer: $258KStacy BoucheChief Mortgage Lending Officer$258KPatrick Curran — VP Digital Services: $219KPatrick CurranVP Digital Services$219KCheryl Fanning — SVP Retail Sales SRV Ops: $201KCheryl FanningSVP Retail Sales SRV Ops$201KBryan Emerling — SVP Buildings and Markets: $197KBryan EmerlingSVP Buildings and Markets$197KJanel Thoune — SVP of Marketing and Mission: $194KJanel ThouneSVP of Marketing and Mission$194KDennis Haltinner — Chair: $12KDennis HaltinnerChair$12KMichael Windberg — Vice Chair: $12KMichael WindbergVice Chair$12KWillis Qualheim — Treasurer: $12KWillis QualheimTreasurer$12KLee Siler — Secretary: $12KLee SilerSecretary$12KJulie Berndt — Director: $12KJulie BerndtDirector$12KAngie Close — Director: $12KAngie CloseDirector$12KSusan Gitzlaff — Director: $12KSusan GitzlaffDirector$12KMatt Kolling — Director: $12KMatt KollingDirector$12KPaul Payant — Director: $12KPaul PayantDirector$12KEugene Shawano — Director: $12KEugene ShawanoDirector$12K

The highest reported compensation on the 2024 filing was $796K, to Charles Zanayed (President). 21 officers or directors reported compensation on that filing.

Frequently asked questions about Covantage Credit Union

How much does Covantage Credit Union give each year?

Covantage Credit Union gave $465K across 11 grants in 2024, according to its 2024 IRS Form 990 filing. In 2023 it gave $233K across 9 grants.

What is Covantage Credit Union's typical grant size?

Covantage Credit Union's median grant in 2024 was $10,000, and its average grant was $42,277, across 11 grants on its 2024 IRS Form 990 filing. Organizations receiving their first grant from Covantage Credit Union that year got $10K on average.

Where does Covantage Credit Union give grants?

Covantage Credit Union gives mostly in Wisconsin: 98% of the grant dollars itemized on its 2024 IRS Form 990 filing went to recipients there. The most frequent recipient cities were Appleton, WI (3 grants), Neenah, WI (2 grants) and Wausau, WI (2 grants).

Does Covantage Credit Union give general operating support?

Yes: 100% of Covantage Credit Union's 2024 grants with a stated purpose (11 of 11) were for general or operating support, per its 2024 IRS Form 990 filing.

Who are Covantage Credit Union's largest grantees?

Covantage Credit Union's largest 2024 grantees include Covantage Cares Foundation Inc ($350,000), Boys & Girls Club of the Fox Valley Inc ($25,000) and Make-a-Wish Wisconsin ($15,300), according to its 2024 IRS Form 990 filing. Together they received 84% of its itemized 2024 grant dollars.

How large is Covantage Credit Union?

Covantage Credit Union reported $3.7B in total assets on its 2024 IRS Form 990 filing. Its revenue that year was $234.4M.

What is Covantage Credit Union's EIN?

Covantage Credit Union's EIN (Employer Identification Number) is 39-0945701. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990 filings.

Your AI grants department

Here's the math on researching Covantage Credit Union by hand.

Explore Open Grants

Browse active grant opportunities in Covantage Credit Union's focus areas in our free grants database

Similar Funders

Funders that support many of the same organizations

Covantage Cares Foundation Inc

Antigo, WI

The corporation is organized exclusively for charitable and educational purposes by providing financial assistance to individuals, especially those experiencing significant financial challenge, and to organizations working to enhance the quality of life of residents living in the communities served by covantage credit union.

Philanthropy, Voluntarism & Grantmaking

Assets

$57K

Grants

13

Total Given

$573K

Myra M and Robert L Vandehey

Appleton, WI

Grants are made to nonprofit organizations that serve residents in thefox cities or keshena areas.

Assets

$3.8M

Grants

14

Total Given

$340K

Listle Family Private Foundation

Deerbrook, WI

Assets

$177K

Grants

15

Total Given

$8K

Ba & Esther Greenheck Foundation

Wausau, WI

The foundation funds local projects in the arts, education, health, economic development, and social development, generally in Central or North Central Wisconsin. Its 2024 grants ranged from $500 to $334,000, with a median of $15,000. It accepts applications through grant programs for projects under and over $5,000.

Assets

—

Grants

77

Total Given

$2.2M

Abbybank Foundation Inc

Abbotsford, WI

AbbyBank Foundation supports community-benefit projects, especially nonprofit building or equipment needs, school improvements, and civic construction open to the public; it does not fund scholarships, programs, or overhead. Its 2024 grants ranged from $250 to $20,000, with a median of $1,025, generally for organizations within 50 miles of its listed Wisconsin communities. It accepts written or online requests from eligible organizations; the website lists March 1 and September 1 submission dates.

Assets

$700K

Grants

23

Total Given

$67K

Feeding America Eastern Wisconsin Inc

Milwaukee, WI

Feeding America Eastern Wisconsin funds food distribution and hunger-relief programs, primarily through nonprofit food banks, pantries, and community partners. Its 2025 grants ranged from $5,497 to $280,391, with a median of $10,000, and largely supported organizations in its 35-county Eastern Wisconsin service area. It accepts partner-interest inquiries for gaps in local food access, but its existing partner network is at capacity; the profile does not state whether it accepts unsolicited grant requests.

Food, Agriculture & Nutrition

Assets

$24.3M

Grants

30

Total Given

$930K

Dudley Foundation Inc

Wausau, WI

The Dudley Foundation supports community development and programs that enrich lives, including arts and culture, education, youth, and community services, prioritizing Wausau, then Marathon County and Wisconsin; it says it does not fund requests outside Wisconsin. Its application guidance describes grants of $1,000–$25,000, with a 2025 median award of $5,000, and it accepts applications from eligible 501(c)(3) nonprofits through its website on quarterly deadlines; applicants seeking $10,000 or more should contact the foundation before applying.

Assets

$10.4M

Grants

37

Total Given

$362K

Hartwig Family Foundation Inc

Appleton, WI

The Hartwig Family Foundation funds charitable organizations in areas including arts and culture, education, health, human services, and community activities, with 2025 grants going to Wisconsin recipients, especially in the Fox Valley. Grants ranged from $2,500 to $200,000, with a median of $10,000. It contributes only to preselected organizations and does not accept unsolicited requests.

Assets

$7.4M

Grants

39

Total Given

$713K

Dwight and Linda Davis Foundation

Wausau, WI

The Dwight and Linda Davis Foundation supports Wisconsin organizations and projects, particularly community facilities, redevelopment, and organizational capacity-building; in 2024, grants ranged from $2,000 to $1 million, with a median of $15,000. It contributes only to preselected charitable organizations and does not accept unsolicited requests.

Philanthropy, Voluntarism & Grantmaking

Assets

$116.7M

Grants

41

Total Given

$3.3M

Theda and Tamblin Clark Smith Family

Wilmington, DE

The foundation supports charitable organizations in health care, youth services, education, homelessness, and community support, with most 2024 funding going to Wisconsin organizations. Its 2024 grants ranged from $100 to $157,000, with a median of $6,500. It funds only preselected organizations and does not accept unsolicited requests.

Assets

—

Grants

129

Total Given

$2.2M

Community Foundation

Wausau, WI

The Community Foundation of North Central Wisconsin funds community projects and programs in areas such as arts, education, health and human services, and resource preservation, with emphasis on Marathon County and the greater Wausau area. Its Impact Grants range from $1,000 to $100,000; across all 2025 grants, the median was $16,602. It accepts applications for listed grant programs, and Impact Grant applicants are asked to discuss project ideas with staff before applying online.

Philanthropy, Voluntarism & Grantmaking

Assets

$97.6M

Grants

136

Total Given

$13.4M

Community Foundation for the Fox Valley

Appleton, WI

The Community Foundation for the Fox Valley Region funds public charities and public entities across areas including arts and culture, education, health, human services, community improvement, and the environment, with many grants focused on the Fox Valley. Its 2024 grants ranged from $5,073 to $5,841,877, with a median of $24,900; some funds accept applications through the grant portal, while others are donor-directed or invitation-only.

Assets

$536.6M

Grants

448

Total Given

$32.4M

More Funders in Wisconsin

Covantage Credit Union down — hundreds of funders to go?

Want AI to do this for you?