Edgewood, KY – February 21, 2019– Thomas W. Burns, Chief Executive Officer of Cove Federal Credit Union (Cove), announced today that Cove has received approval from the National Credit Union Administration (NCUA) to expand its field of membership to all persons who live, work, worship or attend school in, and businesses and other legal entities located in Hamilton County, Ohio and Boone, Kenton, Campbell, Grant, and Pendleton Counties in Kentucky.

Cove was originally founded in 1970 as St. Elizabeth Medical Center Credit Union and has grown to $62 million in total assets. Mr. Burns stated that Cove is looking to continue a steady, stable growth plan while being able to offer its low-cost loans and competitive deposit products to most of the greater Cincinnati community. Mr. Burns added that despite having only one office location in Edgewood, KY, Cove is capable of serving new and existing members through its sophisticated call center, its membership in a wide area ATM network and its participation in the credit union shared branching network.

 

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