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CoVantage CU assumes small Wis. Heights CU
ALEXANDRIA, Va. (3/7/11)--Wisconsin Heights CU, of Ogema, Wis., was liquidated by the National Credit Union Administration (NCUA), and its members, assets, and liabilities were assumed by with CoVantage CU, of Antigo, Wis. Wisconsin Heights' declining financial condition led to its closure and subsequent purchase and assumption, the NCUA said in its liquidation announcement. At the time it was closed, the small credit union had $713,000 in assets and served 501 members. It was the fourth federally insured credit union to be liquidated this year. CoVantage 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. It has $861 million in assets and serves over 62,000 members. CoVantage is a full-service credit union with eight branches in Wisconsin and two branches in the Upper Peninsula of Michigan. Former Wisconsin Heights members will experience no interruption of credit union service.


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