Covantage Credit Union New Lenox IL | Best Auto Loans & Business Banking

Introduction

Welcome to Covantage Credit Union, your trusted partner for financial growth and community support, located at 1000 E Lincoln Hwy, New Lenox, IL 60451. Since our establishment in 1953, we've been dedicated to serving our members with a commitment that reflects in our impressive total membership of 171,049 and a robust asset base of $3,735,448,563. At Covantage, we pride ourselves on being more than just a credit union; we are a community hub where members can find personalized banking solutions tailored to their needs. Whether you're looking for auto loans (we currently hold 136,298 loans and leases) or exploring business banking options with over $797,584,336 in net member business loan balance, our team is here to help. Our leadership under CEO Charles Zanayed and Board President Dennis Haltinner ensures that we remain focused on delivering exceptional service and fostering long-term relationships with our members. With a net worth of $338,944,973 and total deposits reaching $253,657,893, your financial future is secure with us. While you can visit us at our branch location for all your banking needs including personal banking services like checking and savings accounts please note that any official correspondence should be sent to the same address: 1000 E Lincoln Hwy, New Lenox, IL 60451. We invite you to connect with us today by calling 815-462-4300 or exploring our services online at Covantage Credit Union. Join us in making a difference in your financial journey!

Branch History & Mission

At Covantage Credit Union, we have a proud history that stretches back to our opening in 1953. Since then, we have grown from a small financial cooperative into a trusted partner for over 171,000 members in New Lenox, IL, and beyond. Our branch is located at 1000 E Lincoln Hwy, conveniently situated near local landmarks that make us easily accessible to the community we serve. Our mission is simple yet powerful: to provide exceptional financial services while making a positive impact in our community. We believe that everyone deserves access to quality banking options and resources that can help them achieve their financial goals. Whether it's through personal banking services like checking and savings accounts, auto loans, or mortgage financing, our aim is to support our members every step of the way. Over the years, Covantage has evolved significantly. With total assets now exceeding $3.7 billion, we are dedicated to ensuring our members receive the best possible service. Our commitment to innovation has led us to enhance our digital banking capabilities, allowing members to manage their accounts online with ease. We are also proud of our ADA compliance initiatives that ensure accessibility for all individuals. Our branch not only focuses on individual member needs but also on supporting local initiatives and community outreach efforts. We engage in partnerships with various organizations that share our vision of building a stronger community. From sponsoring local events to providing financial education workshops, we strive to give back and create lasting positive change. For those who need assistance outside of regular business hours, we offer convenient ATM access and drive-thru banking services. Our lobby hours are Monday through Friday from 8:30 AM to 5:00 PM, making it easy for you to visit us when it suits your schedule. If you're looking for a credit union that prioritizes its members and invests in the community, look no further than Covantage Credit Union. Join us today and experience firsthand the benefits of being part of an organization that truly cares about your financial well-being. For any inquiries or assistance, feel free to call us at 815-462-4300 or visit our website at Covantage Credit Union. Together, let's build a brighter financial future!

Branch Location & Accessibility

Convenient Access

We prioritize accessibility for all our members. Our branch is equipped with ADA-compliant features, including ramps and designated parking spots, ensuring that everyone can visit us comfortably. If you're driving, you'll appreciate the ample parking available right outside our doors.

Hours and Services

Covantage Credit Union is open Monday through Friday from 8:30 AM to 5:00 PM, providing plenty of opportunities for you to manage your finances. Whether you need to open an account, apply for a loan, or ask about our services like auto loans or online banking, our team is here to help. For your convenience, we also offer drive-thru banking services where you can handle deposits and withdrawals quickly without leaving your vehicle. And if you prefer cash transactions, we have an ATM on-site ready for your use.

Stay Connected

If you need assistance or have questions before visiting, feel free to give us a call at 815-462-4300. While members can visit us at 1000 E Lincoln Hwy, official correspondence should be sent to the same address. We invite you to come by Covantage Credit Union and discover how we can help with personal banking solutions tailored just for you. Your financial journey starts here!

Member Eligibility

At Covantage, we believe that everyone deserves the chance to be part of a supportive and thriving community. Joining us is simple! If you live, work, worship, or attend school in our service area, you're likely eligible to become a member. We also welcome family members of existing members, making it even easier to share in the benefits we offer. By becoming a member of Covantage, you'll gain access to a variety of financial services tailored just for you, including competitive loan rates and personalized support. To get started on your membership journey, visit our website for detailed eligibility criteria at . When you're ready to open an account, simply follow the easy steps outlined at http://www.covantagecu.org/loans/apply-for-a-loan. If you have any questions or need assistance along the way, don't hesitate to reach out at (815) 462-4300. We can't wait to welcome you into the Covantage family!

Business Banking & Commercial Services

Loan Options That Drive Growth

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $1,992 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $10 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $652,487,077, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services That Simplify Transactions

In addition to loans, we offer merchant services designed to make daily transactions easier for your business. Imagine having a seamless way to accept payments from customers whether it's via card swipes or online transactions. Our services ensure you can focus on what you do best: running your business. Located at 1000 E Lincoln Hwy New Lenox Il 60451, New Lenox, IL, our team is ready to partner with you for success. Contact us today at (815) 462-4300 to learn more about how we can help your business grow!

Comprehensive List Of Services

ATM & Drive-Thru Services

Need quick access to cash? Our ATM services allow for easy withdrawals and balance checks without stepping inside the branch. Plus, if you prefer face-to-face interactions for deposits or simple transactions, our drive-thru service is always ready to assist. At Covantage, we aim to meet all your financial needs under one roof. Explore how these services can enhance your financial well-being today! For more information or to get started on any of these services, visit us online at https://www.covantagecu.org or stop by our branch at 1000 E Lincoln Hwy New Lenox Il 60451 in New Lenox. We look forward to helping you achieve your financial dreams!

Auto Loans & Vehicle Financing

If you're in the market for a new or used vehicle, our auto loans and vehicle financing options are designed with you in mind. Picture yourself driving off in your dream car, knowing you secured a great rate from Covantage. We make the application process straightforward, so you can get back to what matters most enjoying the ride!

Business Banking

For local entrepreneurs and business owners, we offer business banking solutions including merchant services and business loans. We're committed to supporting the growth of local businesses in New Lenox by providing the necessary tools and resources they need.

Credit Cards with Rewards

Don't forget about our credit cards that come with rewards! Whether you're making everyday purchases or planning a vacation, earn points that can be redeemed for cash back or travel perks. It's an easy way to save while spending.

Mortgage Loans & Refinancing

For those looking to buy a home or refinance an existing mortgage, we provide competitive mortgage loans that can help make homeownership a reality. Our experienced staff will guide you through the details, ensuring you understand each option available to you.

Online & Mobile Banking

In today's fast-paced world, convenience is key. That's why we offer robust online and mobile banking options. Access your account anytime, anywhere! With features like person-to-person payments and e-statements, managing your finances has never been easier.

Personal Banking

Starting with personal banking, we offer checking and savings accounts tailored for different lifestyles. Whether you're saving for a big purchase or managing daily expenses, our accounts come with features that fit your needs. Imagine effortlessly transferring money between your accounts using our online banking platform or checking your balance on-the-go through our mobile app.

Personal Loans & Debt Consolidation

Life can sometimes throw unexpected expenses your way. Our personal loans and debt consolidation services are here to help alleviate financial stress. You might consider consolidating multiple debts into one manageable payment our team will work with you to find the best solution tailored for your situation.

Digital & Online Banking

At Covantage, we understand that managing your finances should be as easy and secure as possible. That's why we offer a range of digital and online banking services designed to provide you with convenience, flexibility, and peace of mind. With our 24/7 online banking services available at https://www.covantagecu.org, you can access your accounts anytime and anywhere. Whether you're checking your balance, transferring funds, or paying bills, everything is just a few clicks away. Plus, our e-statements feature allows you to go green while keeping track of your financial activities without the clutter of paper statements. Security is paramount in today's digital world. That's why we provide electronic signature authorization, ensuring that your transactions are safe and verified. You can have confidence knowing that each interaction with us meets high security standards. For those on the go, our user-friendly mobile application allows for easy access to your accounts right from your smartphone. Need to send money to a friend? With our person-to-person transfer feature, it's simple and quick perfect for splitting bills or sending gifts. Although we currently do not offer mobile payments directly, our commitment to enhancing your banking experience remains strong. Our online platform is designed with ease-of-use in mind, ensuring that you can manage your finances in real-time without any hassle. In short, whether you're at home or out and about, Covantage makes digital banking accessible and straightforward so you can focus on what matters most to you. Explore all these features today by visiting us online at https://www.covantagecu.org!

Financial Strength

A Growing Community

Total Share and Deposit Accounts: 350,338, showing a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments): $23,093,237. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Covantage is your trusted partner. Visit us at 1000 E Lincoln Hwy New Lenox Il 60451 or call (815) 462-4300 to learn more about how we can help you achieve your financial goals.

Commitment to Growth

With $305,929,530 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports members' financial goals across various sectors with $39,200 in used auto loans and $2,880,847,532 in total loans and leases. Our operational efficiency is evident in our $19,884,499, which enables us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 421 full-time employees and 47 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Member Savings Secured

Members' savings are secured through $999,387,480 in share certificates and $767,305,517 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $45,988,849, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Our Financial Health

With a net worth of $338,944,973, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $907 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $565,623,155 in used vehicle loans and $99,571,103 in new vehicle loans already helping members get on the road. Whether you're interested in financing a brand-new model or a reliable used vehicle, we have options tailored just for you.

Business Loans

For business owners, our outstanding commercial loans totaling $652,487,077 provide the capital needed to grow and expand your business. We understand the unique challenges faced by entrepreneurs and are committed to supporting local businesses with tailored financing solutions. At Covantage Credit Union, we strive to provide transparent and accessible financial services that put you first. Explore our loan offerings today and see how we can help you achieve your financial dreams! For performance insights and financial data sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We offer Junior Lien 1-4 Family Residential Properties loans totaling $143,125,157, designed to fit various budgets and needs. If you're considering refinancing your current mortgage or exploring eligibility options, our team is here to help guide you through the process.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $52,990,711 in loans helping members manage their finances effectively. This option provides an excellent way for you to handle unexpected expenses without the burden of collateral.

Loan Aggregator

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Ensuring Accurate Comparisons

Loan data on LendMesh is sourced directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov). This rigorous sourcing process ensures that users receive fair and transparent offers. Each listing is verified to guarantee accuracy, giving users peace of mind as they explore their options.

Covantage