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 29^th largest credit union in the state of Pennsylvania. It is also the 990^th largest credit union in the nation. It was established in 1955 and as of September of 2020, it had grown to 53 employees and 20,471 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)

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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

Data as of Q3 2020

Learn why bank health matters

Health Grade Components

Overall
NCUA #	10223
Year Chartered	1955
Employees	53
Primary Regulator

Profit Margin
Return on Assets - YTD	0.35%
Return on Equity - YTD	4.94%
Annual Interest Income	$6.5MM

Assets and Liabilities
Assets	Q3 2020vs Q3 2019	$258.8MM$207.2MM
Loans	Q3 2020vs Q3 2019	$164.2MM$145.2MM
Deposits	Q3 2020vs Q3 2019	$231.9MM$181.3MM
Equity Capital	Q3 2020vs Q3 2019	$18.1MM$17.2MM
Secondary Capital	Q3 2020vs Q3 2019	$2.4MM
Loan Loss Allowance	Q3 2020vs Q3 2019	$1.3MM$1.2MM
Unbacked Noncurrent Loans	Q3 2020vs Q3 2019	$568.00K$2.1MM
Real Estate Owned	Q3 2020vs Q3 2019	$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
4.00%^*	-	$1k	Youth Savings
OTHER TIERS: 0.05% → $1k+
2.00%^*	-	$1k	Jubilee 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

APY	MIN	MAX	ACCOUNT NAME
0.25%^*	-	$5k	Indexed Money Market
OTHER TIERS: 0.15% → $5k+
0.15%	-	-	Money Market Account

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
0.95%^*	$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 Office	4417 E Main St	Belleville, PA 17004

Dalton Branches
Branch Office	4136 Kidron Rd	Dalton, OH 44618

Ephrata Branches
Branch Office	1022 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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