Federal credit union · Andalusia, Alabama · NCUA charter #11950
Covington Schools
Health score 69/100, grade C (Good) - from the NCUA 5300 Call Report, 2025Q4.
- 69
- Health / 100
- $21.9M
- Total assets
- 1,627
- Members
- 34.4%
- Net-worth ratio
Covington Schools scores 69/100 on PlainCU's health composite from NCUA 5300 Call Report data (2025Q4). Assets $21.9M; members 1,627; net-worth ratio 34.38%; health rank #3,626 of 4,374; healthier than 16th of scored peers.
NCUA Call Report stamp band
NCUA 5300 Call Report Masthead
#3,626 of 4,374 health · 2025Q4Covington Schools · health 69/100 · $21.9M · 2025Q4
Call Report peers
Covington Schools in the assets neighbourhood
Subscribe to this credit union's financial changes (RSS) — one item per NCUA 5300 call report, no account required.
Covington Schools vs every NCUA-scored credit union
The busiest band is 85-89 (858 credit unions); Covington Schools sits in 65-69 with 275 others.
69 16th percentile higher than 16% of 4,374 credit unions
every scored credit union, bucketed by value
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Source NCUA 5300 Call Report aggregates · 2025Q4
Covington Schools: Call Report deltas vs peers
- Net Worth Ratio leads the peer set - 34.38% here, 14.86% peer average (+19.52 pp).
- Largest lag: Delinquency Rate at 9.54% vs peer 1.15% (+8.39 pp).
Covington Schools: in-state Call Report ranks
- Alabama health ordinal: #75 of 89.
- By total assets, Covington Schools is #59 of 89 in Alabama.
- Membership ranks #64 of 89 among Alabama CUs with a reported count (1,627 members).
- One place up in Alabama, Champion Community (#74) scores 70/100, 1 point higher; one place down, OPP-MICOLAS (#76) scores 68/100, 1 point lower.
Quarter path for Covington Schools
Covington Schools: total assets by quarter
2023Q4 to 2026Q1, NCUA 5300
- Assets moved -0.1% from $21.9M (2025Q4) to $21.9M (2026Q1).
- Net-worth ratio shifted -3.39 pp (37.77% → 34.38%).
34.38% net worth puts this credit union above the NCUA's 7.0% well-capitalized bar (Prompt Corrective Action rules).
How the 69/100 score is built
Covington Schools gives up 31 points in total. Delinquency Rate costs the most, 25 of its 25; Net Worth Ratio and Return on Assets score full marks.
- Net Worth Ratio 30.0 pts
- Delinquency Rate 0.0 pts
- Return on Assets 15.0 pts
- Member Growth 9.9 pts
- Loan-to-Share Ratio 14.1 pts
Call Report ratios for Covington Schools
| Metric | Value | vs peer |
|---|---|---|
| Net Worth Ratio | 34.38% | +19.52 pp |
| Delinquency Rate | 9.54% | +8.39 pp |
| Return on Assets | 2.50% | +1.80 pp |
| Member Growth | 0.74% | - |
| Loan-to-Share Ratio | 66.93% | +7.13 pp |
Peer averages: $10M–$50M cohort, 1163 credit unions, 2025Q4 filing.
Covington Schools quarterly book
| Quarter | Assets | Members |
|---|---|---|
| 2026Q1 | $21.9M | - |
| 2025Q4 | $21.9M | 1,627 |
| 2024Q4 | $20.8M | 1,615 |
| 2023Q4 | $19.5M | 1,600 |
Credit Union Details
- Charter Number
- 11950
- Type
- Federal
- Field of Membership
- Single Common Bond
- Peer Group
- $10M–$50M
- State
- Alabama
- City
- Andalusia
- Data Quarter
- 2025Q4
Branch Location
Per its most recent NCUA branch filing, Covington Schools runs one office.
| Office | City |
|---|---|
| Covington Schools Federal CU (Main Office) | Andalusia, AL |
Source: NCUA Credit Union Branch Information, 2025Q4 filing.
Nearby Credit Unions in Alabama
More federally-insured credit unions based in Alabama, ordered by peer group match and asset size.
Cross-state Call Report peers for Covington Schools
Similar total assets
Similar health score
Using this data
- Covington Schools ranks #3,626 of 4,374 nationally on financial health and #75 of 89 in AL -- the national figure is a benchmark, not a prediction for how any specific account performs. National health rankings
- CHATTAHOOCHEE is a nearby credit union with a similar profile -- compare the two side by side before deciding where to bank. Compare with CHATTAHOOCHEE
Frequently Asked Questions
Is Covington Schools financially healthy?
Covington Schools has a financial health score of 69/100 (Good) from its 2025Q4 NCUA 5300 Call Report. It ranks #3,626 of 4,374 nationally on health and #75 of 89 in Alabama. Its net worth ratio is 34.38% and its delinquency rate 9.54%.
How does Covington Schools compare to other credit unions?
Covington Schools scores 69/100, higher than 16% of the 4,374 scored credit unions. Against the 1163 peers in the $10M–$50M cohort, its widest edge is net worth ratio (34.38% vs 14.86%). Its widest shortfall is delinquency rate (9.54% vs 1.15%).
How can I join Covington Schools?
Covington Schools is chartered around a single common bond (Single Common Bond), membership is generally limited to employees of a specific employer or a defined occupational group and their immediate family. Contact Covington Schools directly to confirm eligibility.
Is my money safe at Covington Schools?
Covington Schools is a federal credit union; its shares are federally 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. Covington Schools's net worth ratio of 34.38% exceeds the 7% threshold NCUA considers "well capitalized."
Every figure on PlainCU is rendered directly from NCUA quarterly call report data, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.