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Important CentralAlliance Merger Information

​While the actual merger between CentralAlliance and CoVantage will occur on January 1, 2019, some work needs to be done to bring the two credit unions together. Therefore, we will complete the merger by converting CACU's records into the CoVantage computer system on January 31, 2019. After this is completed, you will have full and convenient access to CoVantage's products and services.​

To help make this transition as smooth as possible, you will receive important emails and other mailings. Please review this information carefully for an overview of what’s happening, when it’s happening and any actions you may need to take.

Important Documents

Announcement Letter [PDF]

Q & A Sheet [PDF]

Key Dates:

Tuesday, January 1, 2019

  • Official merger date
  • CACU continues to operate as CACU until after the computer conversion

 

Thursday, January 31, 2019

  • Date of Computer Conversion
  • All CACU branches are closing at noon.
  • CACU ATM/debit cards can be used through midnight and then will be deactivated.
  • CACU credit cards can be used through midnight and then will be deactivated.
  • Final day members can use CACU's online/mobile banking, including accessing e-Statements and bill pay.

 

Friday, February 1, 2019

  • Branches open at 8:30 am as CoVantage Credit Union.
  • Enrollment for MyCoVantage online banking and mobile app available beginning at 12:01 am.
  • First day for members to activate and use CoVantage debit and credit cards beginning at 12:01 am.
  • Access to all of CoVantage's ATMs available beginning at 12:01 am.
  • CACU members can start ordering new CoVantage checks.
  • First day for members to update their ACH payments and deposits with the Social Security Administration, and other companies members do business with electronically. Note: These transactions will  still come through and posted by CoVantage up to 60 days after the merger is finalized.