CU Spotlight: Covenant Savings

Covenant Savings in Killeen, TX serves 1K members with $4M in assets, outperforming peers across 7 key financial metrics.

By CU Wire Staff·May 14, 2026 · 09:00 ET·1 min read·1 primary source

Covenant Savings, based in Killeen, TX, is a Micro (Under $50M) credit union serving 1K members with $4M in total assets.

The numbers speak for themselves - with a net worth ratio of 13.3% and a return on assets of 1.94%, Covenant Savings is delivering where it counts. Add in delinquency of just 0.08%, loan-to-share ratio of 80.5%, net interest margin of 4.67%, efficiency ratio of 64.6%, charge-off rate of just -0.00%, and you have a credit union performing well above its peer group.

Exceptionally well-capitalized with a net worth ratio of 13.

See Covenant Savings's full financial profile on CU Wire Data

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This story was published May 14, 2026. There are no corrections or updates at this time. Errors are logged on the public corrections log, dated. The original text is not silently rewritten.

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CU Wire Staff

Former NCUA examiner. CEO of CU WealthNext (a commercial credit-union technology company; see conflicts & disclosures). Founded The Credit Union Wire to do the data-driven, independent reporting the cooperative-finance beat has lacked.

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