Overview / Commentary
Everence Federal Credit Union is headquartered in Lancaster and is the 27th largest credit union in the state of Pennsylvania. It is also the 802nd largest credit union in the nation. It was established in 1955 and as of June of 2024, it had grown to 59 employees and 23,698 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
Reviews (1)
"Embark On Your Life's Mission With Faith-Based Financial Services"
Posted by: Terp | May 6, 2024
Uh.... yeah.
They can take their faith-based financial services and shove 'em.
Health
B+
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 10223 |
| Year Chartered | 1955 |
| Employees | 59 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.42% |
| Return on Equity - YTD | 8.02% |
| Annual Interest Income | $10.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $435.2MM$392MM |
| Loans | Q2 2024vs Q2 2023 | $292.6MM$271.7MM |
| Deposits | Q2 2024vs Q2 2023 | $375.5MM$325.8MM |
| Equity Capital | Q2 2024vs Q2 2023 | $22.8MM$19.1MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $1.2MM$1.3MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $1.2MM$932K |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |