Covington Schools
Covington Schools is a credit union based in Andalusia, Alabama, established in 1957, with $22 million in total assets serving 1,527 members. By Trust Grade it ranks 83rd of 89 credit unions we track in Alabama. Its net worth ratio of 34.4% is stronger than 96% of similarly sized credit unions, versus a Alabama median of 14.2%. It posted a loss over the most recent period (-6.35% return on assets), a point to watch. No consumer complaints against Covington Schools appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Covington Schools compares to Alabama peers
How we graded Covington Schools
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (34.4% capital ratio)
- Unprofitable over the period (ROA -6.35%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Covington Schools over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Covington Schools insured?
Yes. Covington Schools 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.
Covington Schools: frequently asked questions
Is Covington Schools a good credit union?
Covington Schools earns a Bankzia Trust Grade of C (73/100, "Average"), based on a financial-strength score of 73/100 (it has no CFPB complaints on record). Strongly capitalized (34.4% capital ratio); Unprofitable over the period (ROA -6.35%).
Is Covington Schools NCUA-insured?
Yes. Covington Schools 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 Covington Schools?
Covington Schools holds $22 million in total assets, ranking 83rd of 89 credit unions we track in Alabama. It serves 1,527 members.
Does Covington Schools have CFPB complaints?
No CFPB complaints against Covington Schools 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.
