Credit Union to merged with St. Joe’s Credit Union

Edgewood, Kentucky –  October 23, 2014- Cove Federal Credit Union (Cove FCU) has acquired St. Joseph Credit Union of Cold Spring, Kentucky bringing the more members and assets of St. Joseph Credit Union under Cove Federal Credit Union.

A deal that was effective on October 1, 2014. St. Joseph Federal Credit Union’s only location is at 4011 Alexandria Pike, Cold Spring, KY 41076, it will remain open as a Cove Federal Credit Union branch through the end of the year.

2014 Emerging 30

Cove Federal Credit Union’s Growth Recognized by Northern Kentucky Chamber
Named 2014 Emerging 30 designee and one of region’s fastest growing small businesses

emerging-30-photoEdgewood, Kentucky – October 27, 2014 – Cove Federal Credit Union (Cove FCU) is proud to announce that it has been recognized as a Northern Kentucky Chamber of Commerce “Emerging 30” designee for 2014. The “Emerging 30” program recognizes the region’s fastest growing small businesses based on annual revenue growth and employee growth.

“We are thrilled to be recognized by the Northern Kentucky Chamber as a 2014 Emerging 30 designee,” said Bennie Hoppius, CEO, Cove Federal Credit Union. “The growth of our organization undoubtedly can be attributed to the trust and commitment of our Members. With their support, we have been able to reach new heights as a credit union and contribute to our region’s vibrant economy.”

Cove FCU and the other “Emerging 30” designees received public acknowledgement and special recognition at a ceremony hosted on Thursday, October 23 at the NKU Mets Center in Erlanger, Kentucky.

Award eligibility requirements include being a current Northern Kentucky Chamber of Commerce member or a company headquartered in Boone, Campbell or Kenton counties, privately held, in operation for at least three full years, fewer than 150 employees, revenues exceeding $250,000 and an average annual revenue growth of 15 percent or more over the past three years.

Cove Federal Credit Union is located at 577 Dudley Road, Edgewood, KY, 41017. Cove Federal Credit Union is rated as one of the top credit unions in the country by both Bauer Financial and Weiss Ratings. Information about the credit union, membership and service offerings can be found at .

Cove Federal Credit Union Sweeps Kentucky League of Credit Union CUNA Awards

CUNA_Distinguished_AwardsRecognized as 2014 Desjardins, Dora Maxwell and Louise Herring Award Winner


 The Kentucky Credit Union League and Affliiates recently announced Cove Federal Credit Union is the 2014 recipient of The Dora Maxwell, Louise Herring, and Desjardins Financial Education Awards. The awards recognize credit union excellence in external activities, internal efforts and youth and adult financial education.


The Dora Maxwell Social Responsibility Recognition Award is given to a credit union for its social responsibility projects within the community. Cove Federal Credit Union received this award for its HUGS program which supported the Northern Kentucky community by collecting and donating hats, underwear, gloves and socks and provided them to Be Concerned, a 501 (c) (3) focused on helping low-income residents of Northern Kentucky obtain the necessities of life.

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, 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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