COVANTAGE

Charter #66848 | WI

3B-5B (76 CUs) Mid-Market (380 CUs)
5 3B-5B in WI

COVANTAGE has 6 strengths but faces 3 concerns

Key Strengths

Areas where this CU excels compared to peers

  • + Organic Growth Engine: Top 3.3% in tier
  • + Organic Growth Leader: Top 8.9% in tier
  • + Wallet Share Momentum: Top 20.6% in tier
  • + Relationship Depth Leader: Top 27.2% in tier
  • + ROA 0.36% above tier average
  • + Strong member growth: 5.7% YoY

Key Concerns

Areas that may need attention

  • - Liquidity Strain: Bottom 6.7% in tier
  • - Indirect Auto Dependency: Bottom 25.7% in tier
  • - Delinquency rate 0.26% above tier average

Core Metrics

As of 2025-Q3

Metric Current vs Tier Tier Avg State Avg (WI) National Avg Tier Percentile
Members 180,821
+5.7% YoY+2.2% QoQ
 -57.6K 238,465
+0.6% YoY
 38,719
+8.7% YoY
 33,089
+6.1% YoY
 28th in tier
Assets $4.0B
+7.7% YoY+5.0% QoQ
 +$53.4M $4.0B
-0.1% YoY
 $717.4M
+12.8% YoY
 $547.7M
+7.8% YoY
 51st in tier
Loans $3.3B
+13.4% YoY+4.1% QoQ
 +$246.8M $3.0B
+3.3% YoY
 $555.6M
+13.3% YoY
 $388.7M
+8.6% YoY
 64th in tier
Deposits $3.3B
+6.6% YoY+3.9% QoQ
 $-15.2M $3.3B
+1.1% YoY
 $603.1M
+13.2% YoY
 $464.6M
+9.3% YoY
 53rd in tier
ROA 1.1%
+54.7% YoY+7.8% QoQ
 +0.4% 0.7%
+5.3% YoY
 0.7%
-20.1% YoY
 0.7%
+273.4% YoY
 71st in tier
NIM 2.9%
+13.9% YoY+1.2% QoQ
 -0.4% 3.2%
+13.7% YoY
 3.5%
-0.2% YoY
 3.7%
+5.0% YoY
 29th in tier
Efficiency Ratio 61.2%
-6.6% YoY-2.4% QoQ
 -10.1% 71.3%
-0.6% YoY
 74.2%
-2.5% YoY
 79.1%
-3.3% YoY
 Bottom 18.4% in tier
Delinquency Rate 1.1%
-0.0% YoY+60.3% QoQ
 +0.3 0.8%
+15.9% YoY
 1.0%
+20.8% YoY
 1.2%
-0.9% YoY
 Top 23.7% in tier
Loan To Share 98.4%
+6.4% YoY+0.2% QoQ
 +7.6% 90.8%
+2.0% YoY
 80.3%
+0.1% YoY
 68.0%
-1.7% YoY
 68th in tier
AMR $36,410
+3.9% YoY+1.8% QoQ
 +$7K $29,088
+0.1% YoY
 $22,950
+4.4% YoY
 $19,418
+1.3% YoY
 Top 14.5% in tier
CD Concentration 33.3%
+3.6% YoY+8.3% QoQ
 +4.3% 29.0%
+0.8% YoY
 21.1%
+6.2% YoY
 19.6%
+6.2% YoY
 72nd in tier
Indirect Auto % 18.2%
+4.9% YoY+7.9% QoQ
 -0.6% 18.8%
-2.8% YoY
 8.1%
-7.1% YoY
 7.9%
-2.9% YoY
 54th in tier

Signature Analysis

Strengths (4)

Organic Growth Engine

growth
#25 of 246 • Top 3.3% in tier

Growing membership while maintaining profitability. Healthy fundamentals in place.

Why This Signature
Member Growth (YoY): 5.71%
(Tier: 3.18%, National: 9.37%)
better than tier avg
Return on Assets: 1.11%
(Tier: 0.71%, National: 0.71%)
better than tier avg
Indirect Auto %: 18.19%
(Tier: 18.80%, National: 7.90%)
better than tier avg
246 of 380 Mid-Market CUs have this signature | 917 nationally
↑ Growing +14 CUs YoY | Rank improving

Organic Growth Leader

growth
#36 of 138 • Top 8.9% in tier

Attracting members without relying on indirect channels. Healthy, sustainable growth model.

Why This Signature
Member Growth (YoY): 5.71%
(Tier: 3.18%, National: 9.37%)
better than tier avg
138 of 380 Mid-Market CUs have this signature | 608 nationally
↑ Growing +11 CUs YoY | Rank improving

Wallet Share Momentum

growth
#150 of 264 • Top 20.6% in tier

Average member relationship growing year-over-year. Members are deepening their engagement.

Why This Signature
AMR Growth (YoY): 3.89%
(Tier: 3.04%, National: 4.19%)
better than tier avg
264 of 380 Mid-Market CUs have this signature | 1330 nationally
↑ Growing +60 CUs YoY | Rank improving

Relationship Depth Leader

growth
#197 of 264 • Top 27.2% in tier

Average member relationship growing year-over-year. Increasing engagement suggests members are consolidating more business here.

Why This Signature
AMR Growth (YoY): 3.89%
(Tier: 3.04%, National: 4.19%)
better than tier avg
Share Draft per Member: $2.4K
(Tier: $3.1K, National: $2.0K)
but worse than tier avg
264 of 380 Mid-Market CUs have this signature | 1330 nationally
↑ Growing +60 CUs YoY | Rank worsening

Concerns (2)

Liquidity Strain

risk
#36 of 183 • Bottom 6.7% in tier

Loan demand outpacing deposits. They're bumping against liquidity limits - need funding solutions.

Why This Signature
Loan-to-Share Ratio: 98.43%
(Tier: 86.35%, National: 67.96%)
but better than tier avg
Loan Growth (YoY): 13.36%
(Tier: 6.14%, National: 36.38%)
but better than tier avg
183 of 380 Mid-Market CUs have this signature | 484 nationally
↑ Growing +10 CUs YoY | Rank improving

Indirect Auto Dependency

risk
#159 of 202 • Bottom 25.7% in tier

Significant portion of loan portfolio in indirect auto (>15%). This concentration creates dependency on dealer relationships.

Why This Signature
Asset Growth (YoY): 7.73%
(Tier: 5.36%, National: 3.04%)
but better than tier avg
Indirect Auto %: 18.19%
(Tier: 18.80%, National: 7.90%)
but better than tier avg
Member Growth (YoY): 5.71%
(Tier: 3.18%, National: 9.37%)
but better than tier avg
202 of 380 Mid-Market CUs have this signature | 768 nationally
↓ Shrinking -7 CUs YoY | Rank improving

Metric Rankings

See how this credit union ranks across all tracked metrics compared to peers.

Strengths: Metrics in the top 25% (75th percentile or higher) | Concerns: Metrics in the bottom 25% (25th percentile or lower)

Comparing against 76 peers in tier

Top Strengths (4 metrics)

11
Average Member Relationship (AMR)
engagement
Value: $36,410
Peer Avg: $29,088
#11 of 76 Top 13.2% in 3B-5B tier
11
Loan-to-Member Ratio (LMR)
engagement
Value: $18,061
Peer Avg: $13,761
#11 of 76 Top 13.2% in 3B-5B tier
12
Loan Growth Rate
growth
Value: 13.36%
Peer Avg: 9.56%
#12 of 76 Top 14.5% in 3B-5B tier
15
Efficiency Ratio
profitability
Value: 61.20%
Peer Avg: 71.26%
#15 of 76 Top 18.4% in 3B-5B tier

Top Weaknesses (2 metrics)

60
Net Worth Ratio
risk
Value: 9.34%
Peer Avg: 10.75%
#60 of 76 Bottom 22.4% in 3B-5B tier
59
Total Delinquency Rate (60+ days)
risk
Value: 1.10%
Peer Avg: 0.84%
#59 of 76 Bottom 23.7% in 3B-5B tier