Covantage Credit Union
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.
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 11 itemized 2024 grant dollars.
Cities
Giving Over Time
Total grant dollars and number of grants per year
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
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
The most common grant size was under $50K: 48 grants of 55 (87%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Covantage Cares Foundation Inc Antigo, WI | General Support | $350,000 |
| Boys & Girls Club of the Fox Valley Inc Neenah, WI | General Support | $25,000 |
| Make-a-Wish Wisconsin Appleton, WI | General Support | $15,300 |
| Wisconsin Timber Rattlers Appleton, WI | General Support | $15,000 |
| Wausau Events Wausau, WI | General Support | $12,500 |
| St Mary Catholic Schools Neenah, WI | General Support | $10,000 |
| Boys & Girls Club of the Wausau Area Inc Wausau, WI | General Support | $10,000 |
| Alzheimer's Association Washington, DC | General Support | $8,000 |
| Shannon Marie and Louis Porter Smith Foundation Inc Oregon, WI | General Support | $6,750 |
| Women's Fund for the Fox Valley Region Appleton, WI | General Support | $6,500 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| 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
- 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
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.
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.
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.
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.
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.
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?