Sep, 30, 2025 — COVENANT SAVINGS FEDERAL CREDIT UNION is a federal credit union headquartered in KILLEEN, TX with 1 branch location and about $3.63 million in total assets. Opened 32 years ago in 1994, COVENANT SAVINGS FEDERAL CREDIT UNION has about 1,189 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COVENANT SAVINGS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2904 E Stan Schlueter loop Bldg A KILLEEN, TX 76542-4813 |
| Phone: | (254) 634-8014 |
| Fax: | (254) 634-8018 |
| Website: | https://www.mycsfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,189 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24532 |
|---|---|
| Membership Type: | Associational - Religious, other than those designated 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1994 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $3,634,376 |
| CEO/Manager: | Harlan M Williams |
| Chairperson: | Joe L Walker Sr. |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 827,430 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 130,749 |
| Other Loans | 2,391,519 |
| TOTAL LOANS | 2,522,268 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,681 |
| Land And Building | 0 |
| Other Fixed Assets | 958 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 34,094 |
| All Other Assets | 0 |
| TOTAL ASSETS | 3,634,376 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 239 |
| Notes & Interest Payable | 13,616 |
| Accounts Payable & Other Liabilities | 7,177 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 698,281 |
| Regular shares | 1,784,026 |
| All Other Shares & Deposits | 666,312 |
| TOTAL SHARES & DEPOSITS | 3,148,619 |
| TOTAL LIABILITIES | 3,169,651 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 464,725 |
| TOTAL EQUITY | 464,725 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,634,376 |
| INCOME & EXPENSE | |
| Loan Income | 112,170 |
| Investment Income | 14,458 |
| Other Income | 23,123 |
| Total Employee Compensation & Benefits | 51,868 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 44,939 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,385 |
| Cost of Funds | 154 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 49,877 |
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