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 30^th largest credit union in the state of Pennsylvania. It is also the 1,023^rd largest credit union in the nation. It was established in 1955 and as of December of 2019, it had grown to 52 employees and 19,562 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

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

B+

Data as of Q4 2019

Learn why bank health matters

Health Grade Components

Overall
NCUA #	10223
Year Chartered	1955
Employees	52
Primary Regulator

Profit Margin
Return on Assets - YTD	0.78%
Return on Equity - YTD	9.53%
Annual Interest Income	$8.6MM

Assets and Liabilities
Assets	Q4 2019vs Q4 2018	$220.5MM$195.3MM
Loans	Q4 2019vs Q4 2018	$151.1MM$140.6MM
Deposits	Q4 2019vs Q4 2018	$194.5MM$169.0MM
Equity Capital	Q4 2019vs Q4 2018	$17.5MM$15.6MM
Secondary Capital	Q4 2019vs Q4 2018	$3.0MM
Loan Loss Allowance	Q4 2019vs Q4 2018	$1.2MM$1.2MM
Unbacked Noncurrent Loans	Q4 2019vs Q4 2018	$1.6MM$2.0MM
Real Estate Owned	Q4 2019vs Q4 2018	$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: 0.15% → $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
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
0.25%^*	-	$5k	Indexed Money Market
OTHER TIERS: 0.15% → $5k+

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
1.10%^*	$100k^*	-	60 Month CD
OTHER TIERS: 1.00% → $500 - $100k
1.00%^*	$100k^*	-	48 Month CD
OTHER TIERS: 0.90% → $500 - $100k
0.90%^*	$100k^*	-	36 Month CD
OTHER TIERS: 0.80% → $500 - $100k
0.75%	$500	-	31 Month CD Special
0.70%^*	$100k^*	-	24 Month CD
OTHER TIERS: 0.60% → $500 - $100k
0.65%	$500	-	25 Month CD Special
0.60%^*	$100k^*	-	12 Month CD
OTHER TIERS: 0.50% → $500 - $100k
0.55%	$500	-	13 Month CD Special
0.50%^*	$100k^*	-	6 Month CD
OTHER TIERS: 0.40% → $500 - $100k

Locations

Everence Federal Credit Union Locations
Branch Office	1301 College Ave	Goshen, IN 46526
Branch Office	2160 Lincoln Hwy E Ste 15	Lancaster, PA 17602
Branch Office	1110 N Main St	Goshen, IN 46528-2638
Branch Office	4136 Kidron Rd	Dalton, OH 44618
Branch Office	1022 Sharp Ave	Ephrata, PA 17522
Branch Office	962 E Main St	Mount Joy, PA 17552
Branch Office	841 Mount Clinton Pike STE B	Harrisonburg, VA 22802
Branch Office	4417 E Main St	Belleville, PA 17004
Branch Office	3407 Bahia Vista St	Sarasota, FL 34239

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