Sep, 30, 2025 — COVINGTON SCHOOLS FEDERAL CREDIT UNION is a federal credit union headquartered in ANDALUSIA, AL with 0 branch location and about $21.59 million in total assets. Opened 69 years ago in 1957, COVINGTON SCHOOLS FEDERAL CREDIT UNION has about 1,671 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COVINGTON SCHOOLS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 931 River Falls St ANDALUSIA, AL 36420 |
| Phone: | (334) 222-2169 |
| Fax: | (334) 222-4363 |
| Website: | n/a |
| Branches: | 0 branch locations |
| Members: | 1,671 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11950 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $21,586,893 |
| CEO/Manager: | William D Dillman |
| Chairperson: | William Hines |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,766,009 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 376,933 |
| Unsecured Loans | 1,177,978 |
| Other Loans | 8,358,068 |
| TOTAL LOANS | 9,912,979 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -166,084 |
| Land And Building | 136,139 |
| Other Fixed Assets | 6,133 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 129,487 |
| All Other Assets | 0 |
| TOTAL ASSETS | 21,586,893 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 23,261 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 10,659,612 |
| All Other Shares & Deposits | 2,713,960 |
| TOTAL SHARES & DEPOSITS | 13,373,572 |
| TOTAL LIABILITIES | 13,396,833 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 8,190,060 |
| TOTAL EQUITY | 8,190,060 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 21,586,893 |
| INCOME & EXPENSE | |
| Loan Income | 476,477 |
| Investment Income | 137,425 |
| Other Income | 34,264 |
| Total Employee Compensation & Benefits | 55,121 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 144,102 |
| Non-operating Income & (Expense) | -25,973 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 358,967 |
| Cost of Funds | 150,219 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -105,128 |
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