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Cove Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.50%5-year CD60 Month CD
2.50% - Ally Bank High Yield 5 Year CDAdvertisement
1.20%1-year CD12 Month CD
0.82% - National Average
0.15%SavingsSpecial Savings Account
1.55% - Synchrony Bank High Yield SavingsAdvertisement
View all Cove Federal Credit Union rates »

Overview / Commentary
covefcu.com
859-292-9000
577 DUDLEY PIKE
EDGEWOOD, KY 41017

Cove Federal Credit Union is headquartered in EDGEWOOD and is the 19th largest credit union in the state of Kentucky. It is also the 2,076th largest credit union in the nation. It was established in 1970 and as of December of 2017, it had grown to 21 employees and 8,274 members at 1 location. Cove Federal Credit Union's CD rates are 33% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in Cove Federal Credit Union is open to the following: (1) employees and physicians of The Christ Hospital; (2) employees of the Diocese of Convington and its affiliated schools; (3) employees of St. Elizabeth's Physicans groups; (4) employees of Beckfield College, Grant Center and over 25 other select employer groups.
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Health
A

Data as of Q4 2017

Learn why bank health matters
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Cove Federal Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #19879
Year Chartered1970
Employees21
Primary Regulator
Profit Margin
Return on Assets - YTD0.93%
Return on Equity - YTD6.54%
Annual Interest Income$2.8MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$62.1MM$58.7MM
LoansQ4 2017vs Q4 2016$47.6MM$47.3MM
DepositsQ4 2017vs Q4 2016$52.5MM$49.7MM
Equity CapitalQ4 2017vs Q4 2016$9.0MM$8.4MM
Loan Loss AllowanceQ4 2017vs Q4 2016$673.00K$407.00K
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$198.00K$203.00K
Real Estate OwnedQ4 2017vs Q4 2016$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Cove Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$75k*-Savings Plus Account
OTHER TIERS: 0.25% → $2k - $20k | 0.30% → $20k - $75k
0.35%*$75k*-IRA Savings Plus Account
OTHER TIERS: 0.25% → $2k - $20k | 0.30% → $20k - $75k
0.20%--Jungle Saver-Super Teen Account
0.20%--IRA Savings
0.15%--Regular Saving Account
0.15%--Special Savings Account
0.15%--Christmas and Vacation Club Account

Cove Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$1k-Interest Plus Checking Account

Cove Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%$1k-60 Month CD
2.25%$1k-48 Month CD
2.00%$1k-30 Month CD
1.75%$1k-36 Month CD
1.50%$1k-24 Month CD
1.30%$1k-18 Month CD
1.20%$1k-12 Month CD
1.00%$1k-6 Month CD

Cove Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%$1k-60 Month IRA
2.25%$1k-48 Month IRA
2.00%$1k-30 Month IRA
1.75%$1k-36 Month IRA
1.50%$1k-24 Month IRA
1.30%$1k-18 Month IRA
1.20%$1k-12 Month IRA
1.00%$1k-6 Month IRA
Locations


Cove Federal Credit Union Locations
Branch Office577 DUDLEY PIKEEDGEWOOD, KY 41017

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