Covantage Credit Union

Covantage Credit Union is a not-for-profit financial institution located in Antigo, Wisconsin, registered in SAM.gov since October 2010 and classified as a corporate entity with a tax-exempt status. The organization is specifically recognized as a Community Development Corporation and a Community Development Financial Institution (CDFI), focusing on providing financial services to underserved communities. As a CDFI, Covantage Credit Union specializes in delivering targeted financial support, loans, investments, and training to economically disadvantaged areas, with a mission of promoting economic revitalization and community development.

Through multiple federal grant awards from the U.S. Department of the Treasury's Community Development Financial Institutions Fund, Covantage Credit Union has consistently received funding to support its community development initiatives. The organization has been awarded project grants ranging from $660,000 to $1,000,000, with specific programs including the CDFI Program (CFDA 21.020) and the CDFI Rapid Response Program (CFDA 21.024). These grants have enabled Covantage to provide critical financial services such as loans, investments, and training to businesses and individuals in underserved communities, with a particular focus on creating jobs, supporting small businesses, and fostering economic self-sufficiency. The most recent grant, awarded in September 2024 for $725,000, will support community development activities through December 2027, continuing the organization's mission of economic empowerment and community revitalization.