Everence Federal Credit Union

Overview / Commentary

www.everence.com

717-394-0769

2160 Lincoln Hwy E Ste 20
Lancaster, PA 17602-1150

Everence Federal Credit Union is headquartered in Lancaster and is the 28^th largest credit union in the state of Pennsylvania. It is also the 920^th largest credit union in the nation. It was established in 1955 and as of December of 2021, it had grown to 50 employees and 21,456 members at 10 locations. Everence Federal Credit Union's savings rates are 92% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership is open to several denominations of Christian churches, including Mennonite Church USA, Mennonite Brethren Church, Fellowship of Evangelical Churches, and Fellowship of Evangelical Bible Churches.
See current membership details

Reviews (1)

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Beware! Higher Interest Is A Sham And You'll Leave With A Guilt Trip!

Posted by: Anonymous | Sep 6, 2011

First off, after being a member of this credit union, it is definitely sub par in terms of services and facilities. They seemed intent on giving me a guilt trip over the remaining assets that I have with a large money manager, stating that I really should be using their "faith based" platform so that my investments would be doing so much harm. I looked at their platform, and was not impressed. High fees, and your standard bloated mutual funds.

The second point is their interest rates. Their initial interest rates might be higher, but it is only on the first $500 you deposit. Additional money above $500 gets lower and lower rates, the inverse of any other financial institution. My recommendation would be to put $500 in here, but no more - you can get much better rates elsewhere. Just my 2 cents... but unless your brother in law works here and you feel an obligation stay away!

Health

B+

Data as of Q4 2021

Learn why bank health matters

Health Grade Components

Overall
NCUA #	10223
Year Chartered	1955
Employees	50
Primary Regulator

Profit Margin
Return on Assets - YTD	0.94%
Return on Equity - YTD	15.53%
Annual Interest Income	$9.0MM

Assets and Liabilities
Assets	Q4 2021vs Q4 2020	$332.1MM$281.2MM
Loans	Q4 2021vs Q4 2020	$187.3MM$169.7MM
Deposits	Q4 2021vs Q4 2020	$306.7MM$254.2MM
Equity Capital	Q4 2021vs Q4 2020	$19.6MM$18.4MM
Secondary Capital	Q4 2021vs Q4 2020	$4.8MM
Loan Loss Allowance	Q4 2021vs Q4 2020	$1.1MM$1.3MM
Unbacked Noncurrent Loans	Q4 2021vs Q4 2020	$829.00K$627.00K
Real Estate Owned	Q4 2021vs Q4 2020	$0$0

Rates

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Savings
Money Market
Checking
CD

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Always verify rates and promotions with the bank or credit union. We are not Everence Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Everence Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
2.00%^*	-	$1k	Youth Savings
OTHER TIERS: 0.05% → $1k+
1.00%^*	-	$1k	Jubilee Savings
OTHER TIERS: 0.05% → $1k+
0.15%	-	-	IRA Accounts
0.10%	-	-	Health Savings Account
0.05%	$50	-	Regular Savings
0.05%	$50	-	Club Account

Everence Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%^*	-	$2.5k	Indexed Money Market
OTHER TIERS: 0.05% → $100k+ \| 0.25% → $2.5k - $100k
0.15%	$10k	-	Business Money Market

Everence Federal Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	-	-	Dividend Checking

Everence Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.70%^*	$100k^*	-	60 Month CD
OTHER TIERS: 0.60% → $500 - $100k
0.60%^*	$100k^*	-	48 Month CD
OTHER TIERS: 0.50% → $500 - $100k
0.50%^*	$100k^*	-	36 Month CD
OTHER TIERS: 0.40% → $500 - $100k
0.50%^*	$100k^*	-	31 Month CD
OTHER TIERS: 0.40% → $500 - $100k
0.40%^*	$100k^*	-	25 Month CD
OTHER TIERS: 0.35% → $500 - $100k
0.35%^*	$100k^*	-	24 Month CD
OTHER TIERS: 0.30% → $500 - $100k
0.30%^*	$100k^*	-	13 Month CD
OTHER TIERS: 0.25% → $500 - $100k
0.25%^*	$100k^*	-	12 Month CD
OTHER TIERS: 0.20% → $500 - $100k
0.15%^*	$100k^*	-	6 Month CD
OTHER TIERS: 0.10% → $500 - $100k

Locations

Cities: Belleville, Dalton, Ephrata, Goshen, Harrisonburg, Lancaster, Mount Joy, Philadelphia, Sarasota

Belleville Branches
Branch Office	4417 E Main St	Belleville, PA 17004

Dalton Branches
Branch Office	4136 Kidron Rd	Dalton, OH 44618

Ephrata Branches
Branch Office	1021 Sharp Ave	Ephrata, PA 17522

Goshen Branches
Branch Office	1301 College Ave	Goshen, IN 46526
Branch Office	1110 N Main St	Goshen, IN 46528-2638

Harrisonburg Branches
Branch Office	841 Mount Clinton Pike STE B	Harrisonburg, VA 22802

Lancaster Branches
Branch Office	2160 Lincoln Hwy E Ste 15	Lancaster, PA 17602

Mount Joy Branches
Branch Office	962 E Main St	Mount Joy, PA 17552

Philadelphia Branches
Branch Office	861 E Allegheny Ave	Philadelphia, PA 19134

Sarasota Branches
Branch Office	3407 Bahia Vista St	Sarasota, FL 34239

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