Everence Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.80% | 5-year CD | 60 Month Church Jumbo CD 1.85% - Synchrony Bank 60 Month CD |
| 0.15% | 1-year CD | 12 Month HSA CD 1.05% - Ally Bank High Yield 12-Month CD |
| 0.07% | Savings | Regular Savings 1.00% - Ally Bank Online Savings Account |
Everence Federal Credit Union is headquartered in Lancaster and is the 38th largest credit union in the state of Pennsylvania. It is also the 1,151st largest credit union in the nation. It was established in 1955 and as of June of 2016, it had grown to 42 employees and 16,967 members at 10 locations. Everence Federal Credit Union 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
Beware! Higher Interest Is A Sham And You'll Leave With A Guilt Trip!
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!
Data as of Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 10223 |
| Year Chartered | 1955 |
| Employees | 42 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.8% |
| Return on Equity - YTD | 10.26% |
| Annual Interest Income | $2.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $160.9MM$154.1MM |
| Loans | Q2 2016vs Q2 2015 | $98.9MM$94.8MM |
| Deposits | Q2 2016vs Q2 2015 | $148.0MM$142.2MM |
| Equity Capital | Q2 2016vs Q2 2015 | $12.5MM$11.4MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $1.4MM$1.3MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $1.2MM$836.00K |
| Real Estate Owned | Q2 2016vs Q2 2015 | $72.00K$49.00K |
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 | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.25% | - | - | IRA Accounts | ||
| 0.15% | - | - | Youth Covenant | ||
| 0.12%* | $50* | $500 | Jubilee Savings | ||
| OTHER TIERS: 0.10% → $500+ | |||||
| 0.10% | - | - | Health Savings Account | ||
| 0.07% | - | - | Regular Savings | ||
| 0.07% | - | - | Club Account | ||
Everence Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.09%* | $25k* | $50k | Money Market Account | ||
| OTHER TIERS: 0.05% → $100k+ | 0.07% → Up to $25k | 0.08% → $50k - $100k | |||||
Everence Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.01% | - | - | Dividend Checking |
Everence Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.00%* | $500* | $100k | 60 Month CD | ||
| OTHER TIERS: 0.80% → $100k+ | |||||
| 0.80% | $500 | - | 48 Month CD | ||
| 0.80% | $100k | - | 48 Month Church Jumbo CD | ||
| 0.80% | $100k | - | 60 Month Church Jumbo CD | ||
| 0.50% | $500 | - | 36 Month CD | ||
| 0.50% | $100k | - | 36 Month Church Jumbo CD | ||
| 0.50% | $500 | - | 36 Month HSA CD | ||
| 0.30% | $500 | - | 24 Month CD | ||
| 0.30% | $100k | - | 24 Month Church Jumbo CD | ||
| 0.30% | $500 | - | 24 Month HSA CD | ||
| 0.15% | $500 | - | 12 Month CD | ||
| 0.15% | $100k | - | 12 Month Church Jumbo CD | ||
| 0.15% | $500 | - | 12 Month HSA CD | ||
| 0.10% | $500 | - | 6 Month CD | ||
| 0.10% | $100k | - | 6 Month Church Jumbo CD | ||
| 0.05% | $500 | - | 3 Month CD | ||
Everence Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.50% | $500 | - | 36 Month IRA | |
| 0.30% | $500 | - | 24 Month IRA | |
| 0.15% | $500 | - | 12 Month IRA |
| Everence Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 3407 Bahia Vista St | Sarasota, FL 34239 |
| Branch Office | 1301 College Ave | Goshen, IN 46526 |
| Branch Office | 1110 N Main St | Goshen, IN 46528-2638 |
| Branch Office | 4136 Kidron Rd | Dalton, OH 44618 |
| Branch Office | 2160 Lincoln Hwy E Ste 15 | Lancaster, PA 17602 |
| Branch Office | 1022 Sharp Ave | Ephrata, PA 17522 |
| Branch Office | 962 E Main St | Mount Joy, PA 17552 |
| Branch Office | 121 N Main St Ste 201 | Souderton, PA 18964 |
| Branch Office | 4417 E Main St | Belleville, PA 17004 |
| Branch Office | 841 Mount Clinton Pike STE B | Harrisonburg, VA 22802 |