A Message to Our Members From the Board

Honoring Leadering and Welcoming the Future at CoVantage Credit Union

At CoVantage Credit Union, our story has always been about people.

Since our founding in 1953—when two employees began serving members from the basement of the Antigo Co-op Oil Association bulk plant—we have remained proudly member-owned and guided by a simple philosophy: people, not profit. That commitment continues to shape everything we do today.

While much has changed over the decades, one thing remains constant: our dedication to our member-owners, our communities, and our mission. With that strong foundation in place, we want to share an important leadership update.

Celebrating the Leadership of Charlie Zanayed

Two years ago, President & CEO Charlie Zanayed informed our Board of Directors of his plan to retire in early 2026. The board fully supports Charlie’s decision and respects his desire to devote more time to his family, faith, and community service.

Charlie has served CoVantage with distinction for 13 years, leading with purpose, humility, and an unwavering belief in our cooperative mission. Under his leadership, CoVantage experienced significant growth while staying true to our values—serving 183,000 member-owners with the support of nearly 500 dedicated employees. We are deeply grateful for Charlie’s contributions and legacy.

Welcoming Our Next President & CEO: Matt Kaudy

Following a comprehensive nationwide search, the Board of Directors is pleased to   announce that Matt Kaudy has been appointed CoVantage Credit Union’s next   President & CEO. Matt will officially begin his role on June 1, 2026.

Matt brings more than 20 years of progressively advancing leadership experience in the credit union industry. Most recently, he served as Executive Vice President & Chief   Growth Officer at EECU Credit Union in Fort Worth, Texas.

Just as important as his experience is Matt’s leadership style. He is known as a humble, people-centered leader and a strong listener—qualities that align closely with the servant leadership culture CoVantage is known for. Matt is deeply committed to putting members first and plans to spend his early months listening, learning, and engaging with employees and members throughout our communities.

What This Means for Our Members

While leadership changes mark an important moment, they do not change who we are or why we exist. For our members, this transition means continuity and confidence:
• Our mission stays the same: welcoming all regardless of wealth, delivering outstanding value and exceptional service, supporting members through financial challenges, and remaining financially strong.
• Our culture stays the same: caring, community-focused, and service-driven.
• Our people and strategy stay the same: a strong leadership team and a clear direction centered on member needs.

Looking Ahead with Confidence

Leadership transitions matter—but at CoVantage, they are guided by careful planning, shared purpose, and a steadfast commitment to people. With gratitude for Charlie’s leadership and excitement for 
Matt’s arrival, we are confident in the future of CoVantage Credit Union.

“Thank you for placing your trust in CoVantage and for being part of the strong foundation that supports our credit union today and for generations to come.” 
-Mike Windberg, CoVantage Credit Union Board Chairman.