Covenant Savings
Covenant Savings is a credit union based in Killeen, Texas, established in 1994, with $4 million in total assets serving 1,203 members. By Trust Grade it ranks 53rd of 379 credit unions we track in Texas. Its net worth ratio of 13.7% trails most similarly sized credit unions (46th percentile), versus a Texas median of 13.5%. It was profitable over the most recent period, with a 1.68% return on assets. No consumer complaints against Covenant Savings appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Covenant Savings compares to Texas peers
How we graded Covenant Savings
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (13.7% capital ratio)
- Strongly profitable (ROA 1.68%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Covenant Savings over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Covenant Savings insured?
Yes. Covenant Savings 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.
Covenant Savings: frequently asked questions
Is Covenant Savings a good credit union?
Covenant Savings earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (13.7% capital ratio); Strongly profitable (ROA 1.68%).
Is Covenant Savings NCUA-insured?
Yes. Covenant Savings 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 Covenant Savings?
Covenant Savings holds $4 million in total assets, ranking 53rd of 379 credit unions we track in Texas. It serves 1,203 members.
Does Covenant Savings have CFPB complaints?
No CFPB complaints against Covenant Savings 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.
