# COVE
Edgewood, KY · NCUA charter 19879 · asset band $50-100M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/cove-19879

Who the members are: federal charter, multiple common bond, organized 1970. 6,390 members of 1,248,012 potential (0.5% of the field); checking penetration 65% (share draft accounts per 100 members); loans per 100 members 46.

**Verdict on the desk:** this could be *ordinary*. Composite score 4 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $78.8M |
| Members | 6,390 (-2.9% YoY) |
| Full-time staff | 14 |
| Net worth | $8.7M |
| Net worth ratio | 11.0% (p31 of band) |
| ROA (annualized) | -19.37% (p0 of band) |
| Total delinquency | 1.19% (p77 of band) |
| Net charge-offs (annualized) | 0.06% (p27 of band) |
| Loans / shares | 76% (p79 of band) |
| Cash / assets | 30.5% |
| Borrowings / assets | 0.00% |
| Net interest margin | -13.56% (p0 of band) |
| Operating expense / assets | 5.99% (p95 of band) |
| Vehicles % of loans | 20% (p14 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p25 of band) |
| Vehicle delinquency | 0.78% (p62 of band) |
| Vehicle NCO | 0.00% (p17 of band) |
| Repossessed % of vehicle book | 0.00% (p38 of band) |
| Real estate % of loans | 70% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 9% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 46% |
| Certificates % of member funds | 24% |
| Average share balance | $4,985 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 46% |
| Loans granted per 100 members, annualized | 5% |
| Average loan balance | $17,917 |
| Loans granted, annualized | $7.4M |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **margin squeeze** (`earn_nim_squeeze`)
- **delinquency rising** (`aq_dq_rising`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | expense trap |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 2 | loans>95% of shares |  |
| 2017-03 | 2 | members leaving | loans>95% of shares |
| 2017-06 | 0 |  | expense trap, members leaving |
| 2017-09 | 1 | repo signal |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 0 |  | repo signal |
| 2018-06 | 1 | delinquency rising |  |
| 2018-09 | 3 | members leaving, loan book shrinking |  |
| 2018-12 | 3 |  |  |
| 2019-03 | 3 |  |  |
| 2019-06 | 2 |  | delinquency rising |
| 2019-09 | 1 |  | loan book shrinking |
| 2019-12 | 1 |  |  |
| 2020-03 | 2 | losing money |  |
| 2020-06 | 2 | net worth falling, margin squeeze | members leaving, losing money |
| 2020-09 | 3 | members leaving |  |
| 2020-12 | 3 |  |  |
| 2021-03 | 2 |  | members leaving |
| 2021-06 | 0 |  | net worth falling, margin squeeze |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 0 |  |  |
| 2022-06 | 0 |  |  |
| 2022-09 | 0 |  |  |
| 2022-12 | 1 | delinquency rising |  |
| 2023-03 | 1 |  |  |
| 2023-06 | 0 |  | delinquency rising |
| 2023-09 | 0 |  |  |
| 2023-12 | 0 |  |  |
| 2024-03 | 0 |  |  |
| 2024-06 | 0 |  |  |
| 2024-09 | 2 | delinquency 2x band, delinquency rising |  |
| 2024-12 | 1 |  | delinquency 2x band |
| 2025-03 | 0 |  | delinquency rising |
| 2025-06 | 1 | delinquency rising |  |
| 2025-09 | 0 |  | delinquency rising |
| 2025-12 | 0 |  |  |
| 2026-03 | 4 | losing money, expense trap, margin squeeze, delinquency rising |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-04-01 [UK Federal Credit Union and Cove Federal Credit Union Complete Merger - Business Wire](https://news.google.com/rss/articles/CBMixAFBVV95cUxQWUE4TmItbHY4aU1PaEhUekNnTEVQXzA3RTltX0F1YXJoczZBdHAyMGQ2RzctXzJoVEY2LU42VUQxNEVfMEl1a1FQYVhKM0lDNUlFdy0zRmltMnNOYWtUb2FEdExkTzdtSXBta3cxUDlkQ1RxODAyQmYwMjM2eDhBUVpwOUNFREcwV2J5QlJVX3RCelZKSmN6ZkUtc3BUQTE4eEE3bDlwSGkyWkRqQ2dBOHJlMjM1MWY3bXZaVDZZLXFPVDEx?oc=5) · Business Wire
- 2026-04-19 [UK Federal, Cove FCU Complete Merger, Creating $1.75B Kentucky CU - cutoday.info](https://news.google.com/rss/articles/CBMioAFBVV95cUxPa2pPcVYtMzlrSTlIYlltYzZEaGNDTXQ2N0hZZFFNajk2eDZvSUlaci1DUThmaHhkeF9zcEVjck0yblZscTdBRGpYM29MVUMwN1ZmOGtlQ3UyWXpCcmVhTTF5ZHVILXpaemZKRFU1UlJVMk4tZHJJc0VnS25jcU9UN0E0d1hxRi1nSEJkNllTQmd2eW5rcW9JX3lVOFVWWXRU?oc=5) · cutoday.info
- 2026-04-13 [UK Federal Credit Union merges with Cove Federal Credit Union - ATM Marketplace](https://news.google.com/rss/articles/CBMinwFBVV95cUxNYThHZmg3LU5CbFhyTjF0ZFEtcXJvQUE3Y285V0dwZUZOaUd3eXJSbF9BWjAzSV92MV90d2J6allVQnJLaUZEUzBFTmhwZm9BcG1oV1d5Yjh4NUJqa3ZuNWxJT3pOMlpMLW50R0xRNVVRc3BteFhjelBWS0FUZFZjdTh6TzFMX09vVE1BaXRqMTlIcDhacE1XNjlaQnllN1E?oc=5) · ATM Marketplace
- 2026-02-17 [How Christian Laettner, of all people, came to be in a TV ad for UK Credit Union - Lexington Herald Leader](https://news.google.com/rss/articles/CBMiigFBVV95cUxOcXk0M2l3bTFUTWhyTXQzak9yc293V2hPb3FEOGRjaVFtZFBZQnk1Uzl2eWRKSlpBdC12eHhRSW05SV9leEY4VFkwUTk5U2cxekRjbk02eFN4S3B2cHM4WDZrSGhQbFE2TjVBN0IzN0RxOFpuS3Z4SDI4SGVYX3Zock55bk93V0JBeEHSAYoBQVVfeXFMUHV4QzNjdzFXcWxXUFR4Um5LTVBXZjUtQUVON3JTNFBNR3dOa3VQcVFHRU1YR3d3U0RqTktWQ203WFJzY0tidy1QYk9vZDM2MklXNGgxQ3d3NnhMaS1ZaVh2SDU2Z01zcFo5TjJOYkZWakhpaklVN1c3cnBoTGkxanJvX1h2ald4WXBR?oc=5) · Lexington Herald Leader
- 2025-08-04 [UK Federal Credit Union and Cove Federal Credit Union announce merger - The Lane Report](https://news.google.com/rss/articles/CBMisgFBVV95cUxPMEgzUTZKWDNtbVB4azdqQjcyNGQ5RGp0OU1iTDhEcDNWYjVqT0pZY3praDkzRHdNLTJ0YWg2SjdPcXRvVTdLVmhnb3JIdzNtQTVORnYxWEZPWm5xOFdtVnM2NmJrcjl5d082RldtMFYzcXByWVRiWFRtSVRId0dJdkZqTjZ0UlI5LXNzS3l6Nks1ODYtWThraGd3a0Y5U2phaFpHb19zUDFjTnZXVDZUc1JR?oc=5) · The Lane Report
- 2025-08-01 [UK Federal Credit Union and Cove Federal Credit Union Announce Merger - Yahoo Finance](https://news.google.com/rss/articles/CBMif0FVX3lxTE5Yek9FbVRoV0c2ZDVOSWpFelRLS29XRi1ndVZYVUpXQ054WE1sTnR6blhZLTNROGVkWUNZb2tpNkNCS0pSQUZ3X1lOZ0hGdm4yMFBBT3pHZTZ5NmFMT1BiVXMtY2ZXeGRrc09qYk1ockhQOFhNZDlVWlFhcVlFLXM?oc=5) · Yahoo Finance
- 2025-08-08 [UK Federal Credit Union, Cove Federal Credit Union Announce Merger Agreement - Smiley Pete Publishing](https://news.google.com/rss/articles/CBMimAFBVV95cUxPNWxkRUUtOW84cnFNQXktZ3BFbjlTNEVMX2gyWkRxNENoeXFtaS1XaXJOUldHYVdxdVBWYXRlMXhaXzJJejNwOEZxQVRFeExOLVk3VFRfWEwzMUJxX3VwakJmSVFVSUpxamtrUHMxZFJoVURYNDh6dEtwdmV2T1QxVGRxbDZTdll3WFlXcVZoSDNzTi1SeTN6bQ?oc=5) · Smiley Pete Publishing
- 2024-09-12 [UK Federal Credit Union Names Ryan Ross President & CEO - PR Newswire](https://news.google.com/rss/articles/CBMirwFBVV95cUxOVG5KYUFMbC1qVnhocHBUdzBuQXp5MFB2ZmhQN3RNcHhTX2ttTTBGNnBHakRtSW5ocXg3ZDlZRWhlWXFOVFBydWNXdGVtODFKb1VZU0lkVl9tQU1BR3lTR1UyeFdleU0yazZQdG1lMGxBTjQ2dmRzSjJqR2lXWnhYQjZyNFdwWUthWEwwZjJOSjM5ejlLUzZkSWVDVmlSVHhWMVRYWm9TSFZKZGFsU3dr?oc=5) · PR Newswire

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=19879 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/39.json (key "19879", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=19879
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide