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Covington Savings and Loan Salary

Covington Savings and Loan Salary

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As of August 2026, the average annual salary for employees at Covington Savings and Loan in the United States is $83,941. This translates to an approximate hourly wage of $40. Salaries at Covington Savings and Loan typically range from $73,629 to $95,112 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Covington Savings and Loan Pay for Different Roles?

Explore detailed salary information for specific jobs at Covington Savings and Loan. Based on our data, the highest paying job is the Vice President, Lending, with an annual salary of $137,617. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Is Covington Savings and Loan’s Pay Competitive? Salary Benchmarking Analysis

How does Covington Savings and Loan's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
Peoples-Sidney Financial Corp $83,308
-0.8%
Confirms Peoples-Sidney Financial Corp is a direct competitor vying for the exact same talent pool.
Cincinnatus Savings & Loan Co $86,831
+3.4%
Data suggests Cincinnatus Savings & Loan Co's workforce skews heavily towards veteran, high-tenure roles.
Neotribe Ventures $111,197
+32.5%
Supported by Neotribe Ventures's high-margin contracts allowing higher overhead.
Creek Capital Ltd $83,013
-1.1%
Indicates identical technical requirements and experience levels between the two firms.
Financial Services Industry $121,514
+44.8%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

How Covington Savings and Loan's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Covington Savings and Loan. Click a company name to learn more.

Employee Reviews: Working at Covington Savings and Loan

Considering a career at Covington Savings and Loan? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
Work is organized and predictable, with standard benefits and fair compensation. Wellness programs, including mental health resources and fitness reimbursements, show genuine care for employee wellbeing. The onboarding process sets new hires up for success. Great mentoring, excellent work culture, and a shared commitment to excellence make this company stand out. Tasks are repetitive but manageabl...
Commented in May 01, 2025
27
0
I’ve been able to advance my skills and take on new challenges thanks to their supportive environment. Job expectations are transparent, and tools are adequate for the work. Management is transparent, goals are realistic, and feedback is welcomed. Work-life balance depends heavily on manager support. This firm blends tradition and innovation well. The culture emphasizes teamwork and open communica...
Commented in March 26, 2025
40
3
Leaders provide direction while giving teams space to solve problems. Job offers stability and structure. Career planning is vague unless you proactively seek guidance.
Commented in January 14, 2024
46
2

Covington Savings and Loan Overview

Website
www.covingtonsavingsandloan.com
Founded In
1886
Employees
<25 employees
Industry
Financial Services
Headquarter Address
117 N High St Covington Ohio OH 45318
Revenue
<$5 Million
Phone Number
+1 9374732021
Social Media
About Covington Savings and Loan
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What Benefits Does Covington Savings and Loan Offer Beyond Salary?

A competitive compensation package is more than just a salary. Covington Savings and Loan offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Cincinnati?

Understanding the cost of living near Cincinnati is key to truly evaluating a salary offer or your current compensation at Covington Savings and Loan.
Cincinnati's Cost of Living Index is approximately 85.3 (14.7% less expensive than US average; 6.1% less than OH average). SW OH city, affordable housing. Metro bus, Connector streetcar (free). When planning your budget based on a salary from Covington Savings and Loan, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $950 - $1,400+ A significant portion of Covington Savings and Loan salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $70 (Metro monthly pass, Connector free) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $380 - $560 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $670+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,250 - $3,510+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Covington Savings and Loan

1. How much does a Covington Savings and Loan employee make?

Covington Savings and Loan pays its employees an average of $83,941 per year. The average salary at Covington Savings and Loan range from $73,629 to $95,112 per year. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. Which similar company tend to pay more or less than Covington Savings and Loan?

The salary at Covington Savings and Loan is higher than the similar company. The average annual salary at Covington Savings and Loan is $83,941, or an hourly wage of $40, in comparison to Peoples-Sidney Financial Corp which pays $83,308 per year or $40 per hour.

3. How much does a Vice President, Lending typically earn at Covington Savings and Loan?

A Vice President, Lending at Covington Savings and Loan typically earns an average annual base salary of around $137,617, with a general range of $120,716 to $162,407.

4. Do employees with advanced degrees (Master's, PhD) earn more at Covington Savings and Loan?

In many roles at Covington Savings and Loan, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

5. How does the cost of living near Cincinnati affect the perceived value of a Covington Savings and Loan salary?

Cincinnati's Cost of Living Index is approximately 85.3 (14.7% less expensive than US average; 6.1% less than OH average). This significantly impacts the purchasing power of a salary from Covington Savings and Loan based there. Our "Cost of Living Insights for Cincinnati" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does Covington Savings and Loan typically offer employees?

Covington Savings and Loan generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Covington Savings and Loan" section on this page.

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