Everence Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 3.10% | 5-year CD | |
| 1.55% | 1-year CD | |
| 0.10% | Savings | 2.20% - Barclays Online Savings Account |
Everence Federal Credit Union is headquartered in Lancaster and is the 32nd largest credit union in the state of Pennsylvania. It is also the 1,068th largest credit union in the nation. It was established in 1955 and as of December of 2018, it had grown to 48 employees and 18,561 members at 9 locations. Everence Federal Credit Union's savings rates are 4X 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
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 Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 10223 |
| Year Chartered | 1955 |
| Employees | 48 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.86% |
| Return on Equity - YTD | 10.77% |
| Annual Interest Income | $7.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $195.3MM$174.3MM |
| Loans | Q4 2018vs Q4 2017 | $140.6MM$114.0MM |
| Deposits | Q4 2018vs Q4 2017 | $169.0MM$159.0MM |
| Equity Capital | Q4 2018vs Q4 2017 | $15.6MM$14.2MM |
| Secondary Capital | Q4 2018vs Q4 2017 | $3.0MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $1.2MM$1.3MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $2.0MM$1.5MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$0 |
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 | |
|---|---|---|---|---|---|
| 4.00%* | - | $1k | Youth Savings | ||
| OTHER TIERS: 0.15% → $1k+ | |||||
| 2.00%* | - | $1k | Jubilee Savings | ||
| OTHER TIERS: 0.10% → $1k+ | |||||
| 0.50%* | $25k* | - | IRA Accounts | ||
| OTHER TIERS: 0.25% → Up to $3k | 0.35% → $3k - $25k | |||||
| 0.35%* | $25k* | - | Health Savings Account | ||
| OTHER TIERS: 0.10% → Up to $3k | 0.25% → $3k - $25k | |||||
| 0.10%* | $5k* | - | Regular Savings | ||
| OTHER TIERS: 0.05% → $50 - $5k | |||||
| 0.10%* | $5k* | - | Club Account | ||
| OTHER TIERS: 0.05% → $50 - $5k | |||||
Everence Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.50%* | $250k* | - | Money Market Account | ||
| OTHER TIERS: 0.10% → Up to $3k | 0.15% → $3k - $25k | 0.25% → $25k - $100k | 0.35% → $100k - $250k | |||||
Everence Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.10%* | $10k* | - | Dividend Checking | ||
| OTHER TIERS: 0.05% → Up to $10k | |||||
Everence Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 3.10%* | $100k* | - | 60 Month CD | ||
| OTHER TIERS: 2.20% → $500 - $3k | 2.60% → $3k - $25k | 2.80% → $25k - $100k | |||||
| 3.00% | $50 | $500 | 60 Month Youth CD Special | ||
| 2.90%* | $100k* | - | 48 Month CD | ||
| OTHER TIERS: 2.00% → $500 - $3k | 2.40% → $3k - $25k | 2.60% → $25k - $100k | |||||
| 2.70%* | $100k* | - | 36 Month CD | ||
| OTHER TIERS: 1.80% → $500 - $3k | 2.20% → $3k - $25k | 2.40% → $25k - $100k | |||||
| 2.55% | $500 | - | 31 Month CD Special | ||
| 2.20%* | $100k* | - | 24 Month CD | ||
| OTHER TIERS: 1.30% → $500 - $3k | 1.70% → $3k - $25k | 2.00% → $25k - $100k | |||||
| 2.05% | $500 | - | 25 Month CD Special | ||
| 1.80%* | $100k* | - | 12 Month CD | ||
| OTHER TIERS: 1.10% → $500 - $3k | 1.40% → $3k - $25k | 1.60% → $25k - $100k | |||||
| 1.55% | $500 | - | 13 Month CD Special | ||
| 1.30%* | $100k* | - | 6 Month CD | ||
| OTHER TIERS: 0.80% → $500 - $3k | 1.00% → $3k - $25k | 1.10% → $25k - $100k | |||||
| 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 | 4417 E Main St | Belleville, PA 17004 |
| Branch Office | 841 Mount Clinton Pike STE B | Harrisonburg, VA 22802 |