LincolnWay Acquisition Key Dates

Key dates to remember for CoVantage's acquisition of LincolnWay Community Bank.

Key Acquisition Dates



On or around Wednesday, December 21, 2022
  • Account information for your new account arrives via mail.
  • New CoVantage debit cards arrive via mail. 
Prior to Thursday, December 29, 2022
  • Customers are encouraged to download or print copies of scheduled transfers (internal and external), e-statements, and bill payments as these will not transfer to CoVantage Credit Union Digital Banking.
Thursday, December 29, 2022
  • Final day customers can use LincolnWay’s electronic banking, including bill pay. 
  • Final day external and internal transfers will be processed.
  • Final day to download e-statements.
  • Final day customers can use LincolnWay's phone banking.
Friday, December 30, 2022
  • LincolnWay electronic banking moved to read-only mode after 5 pm.
Saturday, December 31, 2022
  • Date of computer conversion.
  • Mokena and New Lenox branches will be closed.
Sunday, January 1, 2023
  • First day for customers to activate and use CoVantage debit cards, available by 9 pm.
Monday, January 2, 2023
  • All CoVantage locations are closed to observe New Year’s Day, a federal holiday.
Tuesday, January 3, 2023
  • Offices are open as CoVantage.
  • LincolnWay debit cards can be used until 10 pm and then will be deactivated.
  • LincolnWay electronic banking no longer available; customers can now enroll and access MyCoVantage digital banking beginning at 8 am.
  • LincolnWay electronic banking no longer available; customers can now enroll and access TEX phone banking beginning at 8 am.
  • LincolnWay business customers can get assistance with digital banking registration by appointment.
  • Customers can order new CoVantage checks and begin using them.
Early-January 2023
  • All customers will get a mailed copy of their final LincolnWay statement.
Saturday, January 31, 2023
  • LincolnWay customers who were previously enrolled in e-statements can view the past one year of LincolnWay account activity in PDF format within MyCoVantage.
Wednesday, February 15, 2023
  • CoVantage's 70th Annual Meeting. Join us in-person at the New Lenox branch and gather with other new members to watch the meeting together. Please register for the watch party by February 10 if you plan to attend.
Wednesday, March 1, 2023
  • Final day to use old LincolnWay checks.
  • Deadline to switch all automatic payments, direct deposits and Social Security deposits over to new CoVantage account number and routing number.

Some dates subject to change.

Acquistion Resources



Questions and answers regarding CoVantage's Acquisition of LincolnWay Community Bank.



Learn more about CoVantage's agreement to purchase LincolnWay Community Bank.

News & Documents


News and documents about CoVantage's acquisition of LincolnWay Community Bank.