Service to Members Continues Uninterrupted; Deposits Federally Insured
up to $250,00
March 4, 2011 -- The National Credit Union Administration (NCUA)
today was appointed liquidating agent of Wisconsin Heights Credit Union of Ogema,
Wisconsin, by the Wisconsin Office of Credit Unions
NCUA immediately signed an agreement with CoVantage Credit Union of Antigo,
Wisconsin, to assume the members, assets and liabilities of Wisconsin Heights Credit
Union. Wisconsin Heights Credit Unionís members will experience no interruption of
credit union service. Their accounts remain federally insured by the National Credit
Union Share Insurance Fund (NCUSIF) up to at least $250,000.
CoVantage Credit Union serves the people who live or work in the Wisconsin counties of
Brown, Clark, Florence, Forest, Langlade, Lincoln, Marathon, Menominee, Oconto,
Oneida, Outagamie, Portage, Shawano, Waupaca and Wood; or Dickinson and Iron
counties in Michigan. CoVantage Credit Union has $861 million in assets and serves
over 62,000 members.
CoVantage Credit Union is a full-service credit union with eight branches in Wisconsin
and two branches in the Upper Peninsula of Michigan.
Wisconsin Heights Credit Unionís declining financial condition led to its closure and
subsequent purchase and assumption. At closure, Wisconsin Heights Credit Union had
$713,000 in assets and served 501 members. Wisconsin Heights Credit Union is the
fourth federally insured credit union liquidation in 2011.