Covington Schools Federal Credit Union

Headquarters

Po Box 442
Andalusia, AL 36420
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Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 4.80% →
2-Year CD N.A. 4.25% →
5-Year CD N.A. 4.00% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Credit Union Information

Covington Schools is an NCUA insured institution located in Andalusia, AL. It was founded in 1957 and has approximately $21.41 millions in assets.

NCUA Insured Yes / Federally Chartered
Charter Number # # 11950
Date Established 1957
Assets $21.41 million
Loans $12.99 million
Deposits $13.23 million
Capital $8.15 million
 

Deposit Rates - November 18, 2024

Your Current Location: Ohio, OH 43085

We do not yet have rates for Covington Schools

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Loan Rates - November 18, 2024

Your Current Location: Ohio, OH 43085

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 - Ohio 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.962% 6.875% 0.63 $2,841 $2,103 Learn More
PADDIO
NMLS ID: 1907
7.080% 7.000% 0.88 $2,602 $2,129 Learn More
Rocket Mortgage
NMLS ID: 3030
7.325% 7.250% 0.75 $2,400 $2,183 Learn More
Neighbors Bank
NMLS ID: 491986
Learn More

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
Intro APR
7.240 %
After Intro: 7.240 %
$0 Learn More
More Info

Note to Covington Schools
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Branches

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.

Your Location:
Columbus,Ohio


Covington Schools Locations around zip code 43085


BranchDistance Map View Lobby Hours

Covington Schools Federal CU

625.52 A View Lobby Hours


Climate Policy and Initiatives

COVINGTON SCHOOLS is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.


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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
3.63% 5.83

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 June 30, 2024, Covington Schools had $229,521 in non-current loans and $68,450 in owned assets. To cover these potential losses it had $8,149,855 in net worth and $57,713 in loans loss reserves. That gives it a Texas Ratio of 3.63%.

Net Worth
Covington Schools U.S. Average
38.07% 13.93%

Covington Schools FCU has a net worth of 38.07% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.



Customer Reviews for Covington Schools

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