Cove
Cove is a credit union based in Edgewood, Kentucky, established in 1970, with $79 million in total assets serving 6,390 members. By Trust Grade it ranks 50th of 52 credit unions we track in Kentucky. Its net worth ratio of 11.0% trails most similarly sized credit unions (25th percentile), versus a Kentucky median of 12.8%. It posted a loss over the most recent period (-19.37% return on assets), a point to watch. No consumer complaints against Cove appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Cove compares to Kentucky peers
How we graded Cove
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (11.0% capital ratio)
- Unprofitable over the period (ROA -19.37%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Cove over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Cove insured?
Yes. Cove is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Cove: frequently asked questions
Is Cove a good credit union?
Cove earns a Bankzia Trust Grade of D (69/100, "Below average"), based on a financial-strength score of 69/100 (it has no CFPB complaints on record). Strongly capitalized (11.0% capital ratio); Unprofitable over the period (ROA -19.37%).
Is Cove NCUA-insured?
Yes. Cove is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is Cove?
Cove holds $79 million in total assets, ranking 50th of 52 credit unions we track in Kentucky. It serves 6,390 members.
Does Cove have CFPB complaints?
No CFPB complaints against Cove appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
