Featured Savings Rates
Featured Accounts

Cove Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.50%5-year CD60 Month CD
0.70%1-year CD12 Month CD
0.25%SavingsSpecial Savings Account

Overview / Commentary
859-578-5600
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 2,175th largest credit union in the nation. It was established in 1970 and as of June of 2016, it had grown to 22 employees and 8,229 members at 1 location. Cove Federal Credit Union has an A health rating.

Field of Membership Restrictions

Membership is open to members of the Select Employer Group, physicians affiliated with St. Elizabeth, or members and employees of the Diocese of Convington.
See current membership details

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Health
A
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
Employees22
Primary Regulator
Profit Margin
Return on Assets - YTD0.19%
Return on Equity - YTD1.31%
Annual Interest Income$1.3MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$56.9MM$50.8MM
LoansQ2 2016vs Q2 2015$44.3MM$39.3MM
DepositsQ2 2016vs Q2 2015$48.3MM$42.6MM
Equity CapitalQ2 2016vs Q2 2015$8.1MM$7.9MM
Loan Loss AllowanceQ2 2016vs Q2 2015$425.00K$277.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$148.00K$217.00K
Real Estate OwnedQ2 2016vs Q2 2015$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
0.35%--Vacation Club Account
0.35%--Christmas Club Account
0.35%*$75k*-Roth IRA Savings Plus Account
OTHER TIERS: 0.25% $2k - $20k | 0.30% $20k - $75k
0.30%--Jungle Saver-Super Teen Account
0.25%--Regular Saving Account
0.25%--Special Savings Account
0.20%--IRA Savings
0.20%--Roth IRA Savings

Cove Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Interest Plus Checking Account

Cove Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%$1k-60 Month CD
2.00%$1k-48 Month CD
1.50%$1k-36 Month CD
1.00%$1k-24 Month CD
0.80%$1k-18 Month CD
0.70%$1k-12 Month CD
0.55%$1k-6 Month CD

Cove Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%$1k-60 Month IRA
2.00%$1k-48 Month IRA
1.50%$1k-36 Month IRA
1.00%$1k-24 Month IRA
0.80%$1k-18 Month IRA
0.70%$1k-12 Month IRA
0.55%$1k-6 Month IRA
Locations


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