Local credit union, now on its own, on the hunt for acquisition

Steve Watkinsbizjournals
Staff Reporter- Cincinnati Business Courier

The credit union at St. Elizabeth Medical Center has gone off on its own and is looking to acquire other institutions.

It needed a new name after the SEMC Credit Union split off from the Northern Kentucky hospital system last month. There’s no water nearby, but it changed its name to Cove Federal Credit Union.

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SEMC Federal becomes Cove Federal Credit Union


Bowdeya Tweh, btweh@enquirer.com 11:31 p.m. EDT May 27, 2014

Northern Kentucky-based SEMC Federal Credit Union announced Tuesday it is renaming itself Cove Federal Credit Union.

Officials at the Edgewood-based financial institution say the new name better clarifies its identity as an institution that serves 8,600 people around the region. SEMC was chartered as a federal credit union in 1970 by a small group of employees of St. Elizabeth Hospital in Covington. Today, it serves medical center and nonhospital employees alike.

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Betty Thiel Scholarship


At Cove FCU, we take pride in supporting the educational goals of our Members which is why we offer a college scholarship opportunity that may make it easier for you to meet tuition costs. Please join us in congratulating the recipients of The 2014 Betty Thiel Scholarship.

Congratulations to Cove FCU Members:

Karen Treadway
Pamela Valz
Austin Way
Taylor Zurborg

The recipients will be awarded their checks and celebrated at our Annual Member Meeting on Tuesday, June 17th.

Annual Members Meeting


On Tuesday, June 17th we will host our Annual Members Meeting at the Edgewood location. All members and their families are invited to join us as we celebrate our new name and brand from 2pm – 4pm.

  • Complimentary Refreshments
  • Prizes and giveaways– including a Grand Prize to Cade’s Cove in Gatlinburg, TN (must be present to win)
  • A brief Member meeting to update you on Cove FCU News
  • Children’s Hour between 2 – 3 pm including children prizes and giveaways and a Grand Prize family 4-pack to King’s Island (must be present to win)
  • Presentation of The 2014 Betty Thiel Scholarship Program award recipients.