Cove Federal Credit Union


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

Cove Federal Credit Union is headquartered in Edgewood and is the 21st largest credit union in the state of Kentucky. It is also the 2,031st largest credit union in the nation. It was established in 1970 and as of March of 2025, it had grown to 17 employees and 6,579 members at 1 location. Cove Federal Credit Union has an A health rating.

Field of Membership Restrictions

Membership in Cove Federal Credit Union is open to those who live, work, worship, or attend school in the Kentucky counties of Boone, Campbell, Grant, Kenton, or Pendleton, or Hamilton County, Ohio.
See current membership details

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Health
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
Employees17
Primary Regulator
Profit Margin
Return on Assets - YTD0.47%
Return on Equity - YTD3.12%
Annual Interest Income$885K
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$80.1MM$78.4MM
LoansQ1 2025vs Q1 2024$53.7MM$56.8MM
DepositsQ1 2025vs Q1 2024$66.7MM$65.4MM
Equity CapitalQ1 2025vs Q1 2024$12MM$11.3MM
Loan Loss AllowanceQ1 2025vs Q1 2024$770K$757K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$82K$64K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates

Rates for Cove Federal Credit Union are currently being reviewed.

Locations


Cove Federal Credit Union Locations
Corporate Office577 Dudley RdEdgewood, KY 41017-3248

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