Covington Schools


Po Box 442
Andalusia, AL 36420
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.65% →
1-Year CD N.A. 0.70% →
2-Year CD N.A. 0.75% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Credit Union Information

Covington Schools is an NCUA insured institution located in Andalusia, AL. It was founded in 1957 and has approximately $18.54 millions in assets.

NCUA Insured Yes / Federally Chartered
Charter Number # # 11950
Date Established 1957
Assets $18.54 million
Loans $8.84 million
Deposits $11.89 million
Capital $6.62 million

Deposit Rates - June 17, 2021

Your Current Location: Connecticut, CT 06828

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Loan Rates - June 17, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for COVINGTON SCHOOLS

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 2021

Lender APR Rate (%) Points Fees Monthly
Learn More
Rocket Mortgage
NMLS ID: 3030
3.465% 3.375% 0.63 $2,812 $1,106 Learn More
NMLS ID: 2890
License#: 13256
2.669% 2.625% 0.63 $1,435 $1,005 Learn More
CIT Bank
NMLS ID: 541760
2.983% 2.950% 0.38 $1,055 $1,048 Learn More
Morty, Inc.
NMLS ID: 1429243
2.582% 2.500% 0.63 $2,700 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR
1.990 %
After Intro: 4.840 %
Intro Period: 12 months
$0 Learn More
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Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info

To upload and update your bank's rates please register. It is free to register and add rates.



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

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Covington Schools Locations

Financial Details

Covington Schools Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Covington Schools. 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
Covington Schools U.S. Average
4.01% 5.40

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 December 31, 2020, Covington Schools had $200,575 in non-current loans and $68,450 in owned assets. To cover these potential losses it had $6,616,939 in net worth and $84,042 in loans loss reserves. That gives it a Texas Ratio of 4.01%.

Net Worth
Covington Schools U.S. Average
35.68% 12.67%

Covington Schools FCU has a net worth of 35.68% versus the BestCashCow average of 12.67. 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 Covington Schools

Branches and Savings

What is Covington Schools?

A federal credit union, registered with the NCUA under certificate #11950.
Learn more about credit unions here.

Is Covington Schools FDIC insured?

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

Who can join Covington Schools?

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

What are Covington Schools's share account and share certificate rates?

Covington Schools'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 Covington Schools?

Covington Schools has total capital of $6.62 million. Full information on Covington Schools's financial position is located above.

Who owns Covington Schools?

Credit Unions are owned by their members.

Where are Covington Schools branches located?

See branch locations nearby.

Are Covington Schools ATMs Open 24/7?

Do Covington Schools ATMs accept cash deposits?

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

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Does Covington Schools report to credit bureaus?

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What Products Does Covington Schools Offer

Does Covington Schools offer mortgages?

Compare mortgage rates here.

Does Covington Schools offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Covington Schools offer auto and RV loans?

Compare auto loan rates here.

Does Covington Schools offer student loans or personal loans?

Compare personal loan rates here.

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