Federal credit union · Killeen, Texas · NCUA charter #24532
Covenant Savings
Health score 89/100, grade A (Excellent) - from the NCUA 5300 Call Report, 2025Q4.
- 89
- Health / 100
- $3.7M
- Total assets
- 1,202
- Members
- 13.7%
- Net-worth ratio
Covenant Savings scores 89/100 on PlainCU's health composite from NCUA 5300 Call Report data (2025Q4). Assets $3.7M; members 1,202; net-worth ratio 13.65%; health rank #1,232 of 4,374; healthier than 69th of scored peers.
5300 filing masthead
NCUA 5300 Call Report Masthead
#1,232 of 4,374 health · 2025Q4Covenant Savings · health 89/100 · $3.7M · 2025Q4
- MEM 89/100
- RANK 13.7%
- PHOTO 0.08%
- BOOK 1.69%
- CHARTER $3.7M
- NCUSIF 1,202
- CAMELS #1,232/4,374
- HEALTH n/a
- NW 24532
Call Report peers
Covenant Savings carries $3.7M in NCUA 5300 assets, stamped as a Call Report masthead, not a rate quote or membership pitch.
Subscribe to this credit union's financial changes (RSS) — one item per NCUA 5300 call report, no account required.
Covenant Savings vs every NCUA-scored credit union
Where this credit union's health score sits among every federally insured CU with a scored NCUA 5300 filing
89 Top 31% higher than 69% of 4,374 credit unions
every scored credit union, bucketed by value
Each bar is a band; taller bars hold more credit unions. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count and share, and where it sits relative to this entry.
Source NCUA 5300 Call Report aggregates · 2025Q4
Covenant Savings - Share Insurance Coverage
Read from the 2025Q4 NCUA Call Report for charter #24532: composite supervisory bracket and risk-based capital. Full deposit-insurance coverage details in our disclaimer.
Peer-gap read for Covenant Savings
- Loan-to-Share Ratio leads the peer set - 80.48% here, 63.60% peer average (+16.88 pp).
- Widest shortfall vs peers is Net Worth Ratio: -5.41 pp (13.65% vs 19.06%).
Peer averages are NCUA 5300 means for the $2M–$10M cohort (566 CUs), 2025Q4 vintage - registry deltas only, not a join recommendation.
Covenant Savings: in-state Call Report ranks
- Texas health ordinal: #112 of 386.
- Texas assets place: #358 of 386.
- Texas membership ordinal: #305 of 386.
In-state ordinals use the live credit_unions table for TX only - ROW_NUMBER sorts match /rankings healthiest and largest, scoped to the state.
Quarter path for Covenant Savings
Covenant Savings: total assets by quarter
4 Call Report filings on this page's own vintage chain
- Assets moved +0.4% from $3.7M (2025Q4) to $3.7M (2026Q1).
- Net-worth ratio shifted +0.37 pp (13.28% → 13.65%).
Trajectory uses quarterly_financials rows already on this page - same NCUA 5300 vintage chain, not a forecast.
At 13.65%, this credit union is above the 7.0% NCUA well-capitalized threshold under PCA rules.
How the 89/100 score is built
Each segment is a pillar's weighted contribution to the composite; widths sum to 89.
- Net Worth Ratio 30.0 pts
- Delinquency Rate 25.0 pts
- Return on Assets 15.0 pts
- Member Growth 3.6 pts
- Loan-to-Share Ratio 15.4 pts
Covenant Savings health metrics
| Metric | Value | vs peer |
|---|---|---|
| Net Worth Ratio | 13.65% | -5.41 pp |
| Delinquency Rate | 0.08% | -1.73 pp |
| Return on Assets | 1.69% | +1.24 pp |
| Member Growth | -2.99% | - |
| Loan-to-Share Ratio | 80.48% | +16.88 pp |
Health score = weighted composite of the five NCUA ratios above. Scores based on NCUA 5300 Call Report Q4 2025 data. Peer group: $2M–$10M (566 CUs).
Historical Financials
| Quarter | Assets | Members |
|---|---|---|
| 2026Q1 | $3.7M | - |
| 2025Q4 | $3.7M | 1,202 |
| 2024Q4 | $3.8M | 1,239 |
| 2023Q4 | $4.1M | 1,283 |
Credit Union Details
- Charter Number
- 24532
- Type
- Federal
- Field of Membership
- Community
- Peer Group
- $2M–$10M
- State
- Texas
- City
- Killeen
- Data Quarter
- 2025Q4
Branch Location
Per its most recent NCUA branch filing, Covenant Savings runs one office.
| Office | City |
|---|---|
| CSFCU (Main Office) | Killeen, TX |
Source: NCUA Credit Union Branch Information, 2025Q4 filing.
Nearby Credit Unions in Texas
Other federally-insured credit unions in Texas, closest first by peer group and asset size.
Cross-state Call Report peers for Covenant Savings
Two NCUA Call Report peer sets for Covenant Savings, both outside Texas so the neighborhoods are not state containment (the Nearby list above stays in-state).
Similar health score
Nearest other-state credit unions by five-factor health composite (89/100 here).
Using this data
- Covenant Savings ranks #1,232 of 4,374 nationally on financial health and #112 of 386 in TX -- the national figure is a benchmark, not a prediction for how any specific account performs. National health rankings
- PLAINS is a nearby credit union with a similar profile -- compare the two side by side before deciding where to bank. Compare with PLAINS
- Rates and health both vary by institution, not just by state -- see how Texas credit unions compare overall before assuming this one is typical. Texas state overview
National and state figures are benchmarks built from NCUA 5300 Call Report data, not a recommendation for any individual account decision.
Frequently Asked Questions
Is Covenant Savings financially healthy?
Covenant Savings has a financial health score of 89/100 (Excellent) based on NCUA 5300 Call Report data as of Q4 2025. On the national health ranking (same basis as /rankings/healthiest), it sits at #1,232 of 4,374; by total assets it ranks #3,992 of 4,374 nationally (same basis as /rankings/largest); and #358 of 386 within Texas. Scores above 80 indicate excellent financial health; scores below 50 may warrant closer monitoring. Key factors include net worth ratio of 13.65% and delinquency rate of 0.08%.
How does Covenant Savings compare to other credit unions?
Five weighted metrics from NCUA filings produce Covenant Savings's 89/100 score on PlainCU's health composite, compared to a peer group average for $2M–$10M credit unions: net worth ratio (30%), delinquency rate (25%), return on assets (15%), member growth (15%), loan-to-share ratio (15%).
What is a credit union health score?
A credit union health score is a composite rating (0–100) that combines five financial metrics reported to the NCUA: net worth ratio (capital adequacy), delinquency rate (loan quality), return on assets (profitability), member growth, and loan-to-share ratio (liquidity balance). Scores above 80 indicate excellent financial health; 60–79 is good; 40–59 is fair; below 40 is weak.
How can I join Covenant Savings?
Covenant Savings operates under a community charter, meaning membership is generally open to anyone who lives, works, worships, or attends school within its defined geographic service area, no employer or association tie required. Contact Covenant Savings directly for the exact boundaries and application steps.
Is my money safe at Covenant Savings?
Federal credit unions like Covenant Savings are insured by the National Credit Union Share Insurance Fund (NCUSIF), administered by the NCUA. Each individual depositor is insured up to $250,000, the same limit as FDIC-insured banks. Covenant Savings's net worth ratio of 13.65% exceeds the 7% threshold NCUA considers "well capitalized."
What rates does Covenant Savings offer compared to banks?
Credit unions like Covenant Savings are not-for-profit cooperatives, which typically allows them to offer higher savings rates and lower loan rates than banks. Nationally, credit unions average 0.25–0.50% lower auto loan rates and 0.10–0.30% higher savings yields. Contact Covenant Savings directly for current rates, or compare overall credit union vs bank rates on our rates comparison page.
Every figure on PlainCU is rendered directly from NCUA quarterly call report data, no number is typed in by an editor. Credit union figures are computed directly from NCUA quarterly call report data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.