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Cove Federal Credit Union was chartered as SEMC Federal Credit Union in 1970. It was started by a small group of employees of St. Elizabeth Hospital in Covington, Kentucky. These few saw a need for a credit union that would serve the employees of the hospital. In 1978 St. Elizabeth’s South Unit was built in Edgewood, Kentucky and the hospital became St. Elizabeth Medical Center. As the South Unit grew, so did the credit union. In 1989 the credit union moved its main office to the South Unit in Edgewood, but maintained a branch office in the Covington hospital.

In June 1999, the credit union moved off site from the hospital and in 2008 moved to our current location at 577 Dudley Road in Edgewood, Kentucky. This is now the main office for Cove Federal Credit Union. In February 2009, we merged with St Luke Credit Union.

In 2014 we renamed SEMC Federal Credit Union to Cove Federal Credit Union. The name pays homage to our history, with great pride in our founding near the waters of the Ohio and Licking rivers. We are that safe harbor, the cove in which our members can place their trust and grow their future.

Cove Federal Credit Union has seen tremendous growth over the 40+ years of its existence. Assets have tripled since 1990. Many services have been added. The credit union is now full-service, with checking accounts, online home banking, mobile banking, bill pay, ATM machines, at the Grant County Medical Center, and at the Main office on Dudley Road.

Even with the expansion and growth that has been seen, Cove Federal Credit Union remains faithful to the vision of the few who saw a need in 1970 and acted to give the employees a financial institution where they are not customers, they are members.

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