As Congress considers critical new spending, policymakers are eying unconventional sources of revenue to fund their plans.
One proposal under considerations would require credit unions and other financial institutions to report to the Internal Revenue Service (IRS) how much money has gone into and out of many consumer accounts.
This unprecedented access to consumers’ personal financial data raises several alarms. For more information and to share your concerns with legislators, visit https://www.cuna.org/advocacy/actions/grassroot-action-center.html
CoVantage Credit Union has announced plans to build a new branch in Plover and relocate their current Menasha branch.
CoVantage has purchased land at the corner of Post and Plover Road in the Village of Plover, and property at the corner of South Oneida Street just south of Highway 441 in the city of Menasha. In late fall, construction will begin on the two new 3,000-square foot branches that will feature a modern design. These offices will offer a combination of digital, self-service, and personal interactions with staff to ensure members are served in an efficient and friendly manner. The current Menasha staff will relocate and work out of the new office once it’s constructed; and in Plover, CoVantage anticipates they will be hiring 10 new employees to staff the facility. Staff will be able to assist with vehicle loans, mortgages, business loans, and deposit accounts. Interactive Teller Machines (ITMs) will be located both inside and outside under a drive-up canopy to provide fast, convenient service. The ITMs will allow members to interact with live, local tellers using video technology, where they can complete a wide range of services like cashing checks, making loan payments, transferring funds, depositing money, and getting cash.
According to Brett Lee, CoVantage Credit Union Executive Vice President, “Our Board of Directors and leaders believe now is the opportune time to build a new branch in Plover and move our current Menasha branch operations to a new location to serve our growing membership. We look forward to getting started in building these new facilities and are thankful to our member-owners for making this opportunity possible. Without our members’ support, and continued reliance on CoVantage for their loan and deposit services, our credit union would not be the strong financial cooperative we are today.”
CoVantage Credit Union has $2.6 billion in assets and serves over 135,000 members across all their locations. Founded in 1953, the financial cooperative serves members living or working in 30 counties in Wisconsin and three counties in the U.P. of Michigan.
The first of six Child Tax Credit payments will be deposited electronically into eligible accounts as soon as Thursday, July 15, 2021. Your deposit may show up earlier as a “pending transaction” until that time. A pending transaction (whether deposit or withdrawal), means that a merchant is anticipating the transaction, but that it has not been fully processed. Once it has been processed, it will be available. The fastest way to view your transactions and account balance is by using MyCoVantage digital and mobile banking! Self-register to get started today.
Payments will be disbursed in monthly installments on these payment dates: July 15, August 13, September 15, October 15, November 15 and December 15. Payments will be issued either by direct deposit, as long as correct banking information has previously been provided to the IRS, or by check.
If you have further questions, please visit www.irs.gov/credits-deductions/advance-child-tax-credit-payments-in-2021.
CoVantage Credit Union is proud to announce that with the help of members and staff, and the support of local communities they serve, the financial cooperative has been rated the best credit union in Wisconsin.
At the end of June, Forbes released its list of America’s Best Credit Unions in Each State after surveying 25,000 people in the U.S. about their banking relationships. The scoring was based on overall recommendations and satisfaction, as well as five additional categories - trust, terms and conditions, branch services, digital services, and financial advice.
According to Charlie Zanayed, CoVantage Credit Union CEO, “While CoVantage has earned other awards in the past, it’s rewarding to be ranked best, especially during challenging times like today. We are grateful to our member-owners for their continued loyalty and support and are thankful for our staff who carry out our simple mission every day. Even while providing patronage, outstanding value, and exceptional service, our credit union is able to remain financially strong. For CoVantage to be recognized as an award-winning cooperative by our member-owners for living our mission and doing good, is especially gratifying.”
More information about the Forbes report can be found at www.forbes.com/best-in-state-credit-unions/#547a65661671
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