Covantage Credit Union Iron River MI | Affordable Auto Loans & Checking

Introduction

Welcome to Covantage Credit Union, your trusted financial partner in the heart of Iron River, MI! Established in 1953, we have proudly served our community for decades, providing exceptional banking services tailored to meet your needs. Located at 303 N 4th Ave, you can count on us for a range of personal and business banking solutions that empower our members to achieve their financial goals. At Covantage, we understand that each member's journey is unique. With a robust membership of 171,049 individuals, we are committed to fostering relationships built on trust and community support. Our total assets amount to an impressive $3,735,448,563, showcasing our strength and stability as a financial institution. We also proudly maintain total deposits of $253,657,893 and a net worth of $338,944,973, ensuring that your savings are safe and sound with us. Our dedicated team is here to assist you with everything from checking and savings accounts to auto loans and mortgages. We currently manage 136,298 loans and leases, reflecting our commitment to helping you finance your dreams. Under the leadership of CEO Charles Zanayed and Board President Dennis Haltinner, we strive to make banking accessible and beneficial for everyone. While members can visit us at our branch address for in-person services, official correspondence should be sent to our mailing address: PO Box 152, Iron River, MI 49935. Feel free to reach out to us at 906-265-5147 or explore our services online at Covantage Credit Union. We invite you to experience the difference at Covantage Credit Union where your financial wellbeing is our top priority! Visit us today or give us a call; we're here to help!

Branch History & Mission

Welcome to Covantage Credit Union, a cornerstone of financial support in Iron River, MI. Since our establishment in 1953, we have proudly served our community, evolving and adapting to meet the changing needs of our members. Our branch, located at 303 N 4th Ave, has become a familiar and trusted place for financial services in the area. Over the decades, Covantage has grown significantly. With a total membership of 171,049 and total assets exceeding $3.7 billion, we have built a strong legacy rooted in trust and service. We are committed to ensuring our members have access to the best banking products while fostering financial literacy and community engagement. At Covantage, our mission is clear: we aim to empower our members by providing accessible and affordable financial solutions that enhance their quality of life. This mission drives us every day as we offer personal banking services such as checking and savings accounts, auto loans, mortgage financing, credit cards with rewards, and business banking options. Each product is designed with the member's needs in mind. While members can visit us at 303 N 4th Ave, official correspondence should be sent to PO Box 152, Iron River, MI 49935. We understand that convenience is key; that's why we also offer ATM availability and drive-thru banking for quick transactions. Our commitment goes beyond just banking. Covantage actively participates in community outreach initiatives that support local organizations and causes. By partnering with various groups, we strive to make a positive impact on the lives of those around us. To ensure everyone can access our services easily, we have invested in digital advancements like online banking and mobile applications. We prioritize ADA compliance so that all members can enjoy equal access to our facilities. As you consider joining Covantage Credit Union, know that you will be part of a community-focused organization dedicated to your success. Come experience how we can help you achieve your financial goals today! For more information or assistance, feel free to reach out at 906-265-5147 during our operating hours: Monday through Thursday from 8:30 AM to 5 PM, Friday from 8:30 AM to 6 PM, and Saturday from 8:30 AM to 12 PM. Join us at Covantage Credit Union where your future begins!

Branch Location & Accessibility

Welcome to Covantage Credit Union, your friendly financial partner located conveniently at 303 N 4Th Ave, Iron River, MI 49935. We're proud to serve the Iron County community and beyond with our welcoming services and easy accessibility. If you need to send us official correspondence, please use our mailing address at PO Box 152, Iron River, MI 49935. Nestled near the heart of Iron River, our branch is just a short walk from popular local landmarks like the beautiful Iron River City Park. Whether you're visiting us for personal banking or exploring our loan options, you'll find that parking is ample and easily accessible. We ensure that everyone can visit us comfortably with features like ADA compliance and ramps. At Covantage Credit Union, we aim to make your banking experience as smooth as possible. Our lobby hours are designed to fit your schedule: Monday through Thursday from 8:30 AM to 5 PM, Friday from 8:30 AM to 6 PM, and Saturday from 8:30 AM to 12 PM. We're excited to offer a variety of services tailored for you! Enjoy convenient access to ATMs and our drive-thru service for simple transactions like deposits and withdrawals without leaving your car. Whether you're interested in checking accounts, auto loans, or credit cards with rewards, we've got you covered. Feel free to reach out to us at (906) 265-5147 if you have any questions or want more information about how we can assist you. We invite you to come visit us today and discover how we can help meet your financial needs!

Member Eligibility

At Covantage, we believe that everyone deserves a chance to be part of a caring and supportive community. Becoming a member is straightforward and welcoming! If you live, work, or attend school in the areas we serve, you're likely eligible to join us. Our goal is to make financial services accessible to all, so whether you're looking for personal banking options or loans, you'll find that we cater to your needs with open arms. To learn more about eligibility specifics, feel free to visit this resource where you can get the latest updates. Once you're ready to take the next step, opening an account with us is easy! You can start the process online by visiting this link or simply give us a call at (906) 265-5147 if you have any questions. We're here to help guide you through every step of your membership journey at our branch located at 303 N 4Th Ave Iron River Mi 49935. Join us today and discover the benefits of being a valued member of Covantage!

Business Banking & Commercial Services

Business Loans That Empower

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, our merchant services make handling transactions easier for you. Imagine running a bustling cafe where every cup of coffee sold is a step toward your dreams. Our payment processing solutions ensure that every transaction is smooth and secure, allowing you to focus on what you do best serving your customers. Visit us at 303 N 4Th Ave Iron River Mi 49935 in Iron River, MI, or call us at (906) 265-5147 to learn how our business banking services can make a difference for you.

Comprehensive List Of Services

Business Banking Services

For entrepreneurs and business owners, we provide comprehensive Business Banking solutions including merchant services and business loans. We know running a business requires reliable support, and we're here to help you every step of the way.

Connect with Us

With all these services at your fingertips, we invite you to experience what makes Covantage special. Whether you're looking for personal finance solutions or need assistance with your business needs, we are here for you. Call us today at (906) 265-5147 or visit us online at Covantage Credit Union to learn more about how we can assist you on your financial journey!

Convenient Digital Banking

In today's fast-paced world, managing your finances digitally is essential. Our Online & Mobile Banking features allow you to check balances, transfer funds, and pay bills from anywhere at any time. You can even use our ATM services for cash withdrawals and balance checks without stepping foot inside a branch.

Drive-Thru and ATM Services

We also offer basic drive-thru banking for quick deposits and withdrawals, making it easy to handle simple transactions on the go. With our ATM availability, accessing your money has never been simpler.

Financing Options for Every Need

When it comes to financing, our array of options is designed to make life easier. If you're planning to buy a new car, consider our Auto Loans & Vehicle Financing. With competitive rates, we can help you get behind the wheel sooner than you think. Looking to purchase a home? Our Mortgage Loans & Refinancing services provide flexible terms that can make homeownership more attainable. If you're facing unexpected expenses or want to consolidate debt, our Personal Loans & Debt Consolidation services offer straightforward solutions that can ease your financial burden.

Personal Banking Solutions

Whether you're looking to manage your day-to-day expenses or save for future goals, our Personal Banking services have you covered. Open a checking or savings account with us to enjoy easy access to your funds and competitive interest rates. Imagine having a secure place for your money while also earning rewards through our credit cards. We offer credit cards with rewards that can help you earn points for everyday purchases.

Digital & Online Banking

Key Features

Stay on top of your finances with features like electronic signature authorization, making it quick and easy to sign documents without the hassle of paper. You can also opt for e-statements to go green and receive your account statements directly in your inbox no more waiting for the mail! If you need to send money to friends or family, our person-to-person transfer service lets you do just that with just a few clicks. And when you're out shopping or dining, remember that our mobile payments feature makes transactions faster than ever though it's currently not available at this branch.

Security and Accessibility

Security is a top priority at Covantage. Our online banking services are equipped with the latest security measures to keep your information safe. You can bank confidently knowing that we protect your data while offering a user-friendly experience. With real-time account management tools at your fingertips, you can make informed decisions about your finances whenever you need to. Whether it's checking if you have enough funds before making a purchase or quickly transferring money when an unexpected expense arises, we've got you covered. Join us today at Covantage and discover how our digital banking services can help simplify your financial life!

Financial Strength

Committed Team Ready to Serve

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. We understand that personalized service makes a difference in your banking experience.

Growing Member Base

Total Share and Deposit Accounts: 350,338, showing a strong and growing member base that trusts us with their finances. This trust is what drives us forward as we work tirelessly to meet your needs. 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 303 N 4Th Ave Iron River Mi 49935 or call (906) 265-5147 to learn more about how we can help you achieve your financial goals.

Member-Centric Savings

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.

Reinvestment for Better Services

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 commitment to excellence means we're always looking for ways to improve your experience with us.

Solid Capital Foundation

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. This stability is crucial for our members as it supports our commitment to your financial well-being.

Supporting Your Financial Goals

We're dedicated to supporting your financial goals with $39,200 in used auto loans and $2,880,847,532 in total loans and leases. This lending capacity allows us to help you achieve dreams like purchasing a new vehicle or securing a loan for personal projects. Our strong operational efficiency is reflected in our $19,884,499, enabling us to continue offering competitive loan rates and solid financial products for our members.

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. We provide flexible terms and competitive interest rates so you can find the perfect fit for your budget.

Business Financing

For business owners looking for capital to grow and expand, our outstanding commercial loans total $652,487,077. We know that running a business comes with its own set of challenges and opportunities; that's why we're committed to providing tailored financing solutions that align with your goals. Our commitment doesn't stop at just lending; it extends into providing exceptional member service and support throughout your financial journey. Whether you're interested in exploring refinancing options or learning more about eligibility requirements for any of our loan products, our knowledgeable team is here to assist you. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. Join us today at Covantage and experience how we can help you achieve your financial aspirations!

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. If you're considering refinancing your existing mortgage, our team is ready to help you navigate eligibility options and find a solution that works for you.

Unsecured Credit Card Loans

Managing finances effectively is crucial, and our flexible terms on unsecured credit card loans can help. With a total of $52,990,711 in unsecured credit card loans available, we aim to empower our members to take control of their spending while benefiting from favorable rates.

Loan Aggregator

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Ensuring Accurate Loan 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 compliance ensures fair and transparent offers for consumers looking to secure loans. LendMesh takes great care to verify each lender's credentials, ensuring that the information presented is both reliable and current.

COVANTAGE CREDIT UNION - Iron River, MI

Type of Loan Offerings

Home Equity Loans