Edgewood, KY 41017
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Notable Rates APY Vs.Others
Savings 0.15% 0.91% →
1-Year CD 0.75% 0.85% →
2-Year CD 1.00% 0.95% →
5-Year CD 1.40% 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Credit Union Information

Cove is an NCUA insured institution located in Edgewood, KY. It was founded in 1970 and has approximately $65.43 millions in assets.

NCUA Insured Yes
Charter Number # # 19879
Date Established 1970
Assets $65.43 million
Loans $42.49 million
Deposits $54.81 million
Capital $10.29 million

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.

Deposit Rates - November 30, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
0.15% $2,500 $4,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
3 Mo CD
0.35% $10,000 $14,999 Learn More
3 Mo CD
0.35% $100,000 $199,999 Learn More
6 Mo CD
0.50% $10,000 $14,999 Learn More
6 Mo CD
0.50% $100,000 $199,999 Learn More
12 Mo CD
0.75% $10,000 $14,999 Learn More
12 Mo CD
0.75% $100,000 $199,999 Learn More
18 Mo CD
0.85% $10,000 $14,999 Learn More
18 Mo CD
0.85% $100,000 $199,999 Learn More
24 Mo CD
1.00% $10,000 $14,999 Learn More
24 Mo CD
1.00% $100,000 $199,999 Learn More
30 Mo CD
1.10% $10,000 $14,999 Learn More
30 Mo CD
1.10% $100,000 $199,999 Learn More
36 Mo CD
1.20% $10,000 $14,999 Learn More
36 Mo CD
1.20% $100,000 $199,999 Learn More
48 Mo CD
1.25% $10,000 $14,999 Learn More
48 Mo CD
1.25% $100,000 $199,999 Learn More
60 Mo CD
1.40% $10,000 $14,999 Learn More
60 Mo CD
1.40% $100,000 $199,999 Learn More
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less

Loan Rates - November 30, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for COVE

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.582% 2.500% 0.88 $2,715 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to COVE
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Below are Cove branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:

Cove Locations

Financial Details

Cove Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Cove. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Cove U.S. Average
0.86% 6.71

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of March 30, 2020, Cove had $83,659 in non-current loans and $9,694 in owned assets. To cover these potential losses it had $10,292,599 in net worth and $585,602 in loans loss reserves. That gives it a Texas Ratio of 0.86%.

Net Worth
Cove U.S. Average
15.73% 13.61%

Cove FCU has a net worth of 15.73% versus the BestCashCow average of 13.61. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Cove

Branches and Savings

What is Cove?

A federal credit union, registered with the NCUA under certificate #19879.
Learn more about credit unions here.

Is Cove FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Cove?

Please see Field of Membership information above for information on who is eligible to join.

What are Cove's share account and share certificate rates?

Cove's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Cove?

Cove has total capital of $10.29 million. Full information on Cove's financial position is located above.

Who owns Cove?

Credit Unions are owned by their members.

Where are Cove branches located?

See branch locations nearby.

Are Cove ATMs Open 24/7?

Do Cove ATMs accept cash deposits?

Can Cove customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Cove have a mobile app?

Does Cove have mobile deposit?

Does Cove have quick pay?

How can Cove transfer money to other banks or credit unions?

Does Cove report to credit bureaus?

Does Cove use Chexsystems?

Does Cove use Equifax?

What is Cove's toll free phone number?

What is Cove's ACH Routing Number?

What is Cove's SWIFT code?

Where can I find Cove's wire transfer form?

What is the Cove address for deposits?

What Products Does Cove Offer

Does Cove offer mortgages?

Compare mortgage rates here.

Does Cove offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Cove offer auto and RV loans?

Compare auto loan rates here.

Does Cove offer student loans or personal loans?

Compare personal loan rates here.

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