Cove Federal Credit Union

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A short history of Cove FCU

Since its inception in 1970 the Cove Federal Credit Union has been serving its members in the EDGEWOOD, Kentucky area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Tom Burns, the Cove FCU has grown its membership to over 8,070 with assets of more than $62,556,143. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (859) 292-9000 or email them at info@semc-fcu.org to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in EDGEWOOD, KY.

General Information For Cove FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 19879
Address 577 DUDLEY ROAD 
City EDGEWOOD 
State Kentucky 
Zip-Code 41017
Phone Number (859) 292-9000
Fax Number (859) 426-5610
Email Address: info@semc-fcu.org
CEO/President Tom Burns
Members 8,070 
Full-Time Employees 20 
Part-Time Employees
Number of Branch Offices
Total Assets 62,556,143 
Website http://WWW.COVEFCU.com 

Compare Cove Federal Credit Union To Other Local Credit Unions


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Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
C&o United CU Clark CO. Indiana Tchrs FCU 1410 Charlestown New Albany Rd 47130 (812) 282-1207 No 1.27
U.p.s. CU UPS CREDIT UNION INC 644 LINN St Ste 129 45203 (513) 241-2892 No 5.66
Postal Family Credit Union, Inc. CU DAYTON BRANCH 1111 E 5th St 45250 (513) 381-8600 No 5.66
Cincinnati Ohio Police CU Cardinal Credit Union 8801 Cheviot Rd 45251 (513) 385-4808 No 5.73
Northern Kentucky Educators' CU Northern Kentucky Educators' Federal Credit Union 2805 Alexandria Way 41076 (859) 441-3405 No 5.98

Cove Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Cove Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 9.26 5.60 10.34 3.59 4.87
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 179 456 754 81 213
Rank Among All Kentucky Credit Unions 15 35 45 6 17

Cove Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.15 0.31 2.05 2.29
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 119 95 35 29
Rank Among All Kentucky Credit Unions N/A 14 12 1 2
Cove Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 9.2601,0962,081,922
All Other Unsecured Loans/Lines of Credit 12.0901,5202,434,651
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 9.00036,845
New Vehicle Loans 5.6001,44120,490,600
Used Vehicle Loans 10.3404562,874,960
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.59011711,377,915
Total Other Real Estate Loans/Lines of Credit 4.8702286,157,797
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 5.3202132,875,794
TOTAL LOANS & LEASES 5,07448,300,484

Cove Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 0000
    b. 15 Years or less 11711,377,915141,141,420
Balloon/Hybrid
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 682,454,79300
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 1603,703,004401,882,700
Open-End Fixed Rate 0000
TOTALS 34517,535,712543,024,120

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Cove Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes