Everence Federal Credit Union


Overview / Commentary
717-394-0769
2160 Lincoln Hwy E Ste 20
Lancaster, PA 17602-1150

Everence Federal Credit Union is headquartered in Lancaster and is the 29th largest credit union in the state of Pennsylvania. It is also the 1,001st largest credit union in the nation. It was established in 1955 and as of June of 2020, it had grown to 53 employees and 19,830 members at 10 locations. Everence Federal Credit Union's savings rates are 4X the national average, and it has an A 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)

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

Posted by: |

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

Health Grade Components

Overall
NCUA #10223
Year Chartered1955
Employees53
Primary Regulator
Profit Margin
Return on Assets - YTD0.34%
Return on Equity - YTD4.36%
Annual Interest Income$4.3MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$251.2MM$206.0MM
LoansQ2 2020vs Q2 2019$157.6MM$142.9MM
DepositsQ2 2020vs Q2 2019$224.1MM$178.6MM
Equity CapitalQ2 2020vs Q2 2019$18.4MM$16.8MM
Secondary CapitalQ2 2020vs Q2 2019$3.0MM
Loan Loss AllowanceQ2 2020vs Q2 2019$1.3MM$1.2MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$862.00K$2.2MM
Real Estate OwnedQ2 2020vs Q2 2019$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%*-$1kYouth Savings
OTHER TIERS: 0.05% $1k+
2.00%*-$1kJubilee Savings
OTHER TIERS: 0.05% $1k+
0.25%--IRA Accounts
0.25%--Health Savings Account
0.05%$50-Regular Savings
0.05%$50-Club Account

Everence Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*-$5kIndexed Money Market
OTHER TIERS: 0.15% $5k+
0.15%--Money Market Account

Everence Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Dividend Checking

Everence Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.95%*$100k*-60 Month CD
OTHER TIERS: 0.85% $500 - $100k
0.85%*$100k*-48 Month CD
OTHER TIERS: 0.75% $500 - $100k
0.75%*$100k*-36 Month CD
OTHER TIERS: 0.65% $500 - $100k
0.75%*$100k*-31 Month CD
OTHER TIERS: 0.65% $500 - $100k
0.65%*$100k*-25 Month CD
OTHER TIERS: 0.55% $500 - $100k
0.60%*$100k*-24 Month CD
OTHER TIERS: 0.50% $500 - $100k
0.55%*$100k*-13 Month CD
OTHER TIERS: 0.45% $500 - $100k
0.50%*$100k*-12 Month CD
OTHER TIERS: 0.40% $500 - $100k
0.40%*$100k*-6 Month CD
OTHER TIERS: 0.30% $500 - $100k
Locations


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

Belleville Branches
Branch Office4417 E Main StBelleville, PA 17004

Dalton Branches
Branch Office4136 Kidron RdDalton, OH 44618

Ephrata Branches
Branch Office1022 Sharp AveEphrata, PA 17522

Goshen Branches
Branch Office1301 College AveGoshen, IN 46526
Branch Office1110 N Main StGoshen, IN 46528-2638

Harrisonburg Branches
Branch Office841 Mount Clinton Pike STE BHarrisonburg, VA 22802

Lancaster Branches
Branch Office2160 Lincoln Hwy E Ste 15Lancaster, PA 17602

Mount Joy Branches
Branch Office962 E Main StMount Joy, PA 17552

Philadelphia Branches
Branch Office861 E Allegheny AvePhiladelphia, PA 19134

Sarasota Branches
Branch Office3407 Bahia Vista StSarasota, FL 34239

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