Everence Federal Credit Union is headquartered in Lancaster and is the 32nd largest credit union in the state of Pennsylvania. It is also the 1,067th largest credit union in the nation. It was established in 1955 and as of March of 2019, it had grown to 50 employees and 18,543 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 Q1 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 10223 |
| Year Chartered | 1955 |
| Employees | 50 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.73% |
| Return on Equity - YTD | 8.92% |
| Annual Interest Income | $2.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2019vs Q1 2018 | $200.7MM$182.8MM |
| Loans | Q1 2019vs Q1 2018 | $141.2MM$119.0MM |
| Deposits | Q1 2019vs Q1 2018 | $173.8MM$166.4MM |
| Equity Capital | Q1 2019vs Q1 2018 | $16.2MM$14.5MM |
| Secondary Capital | Q1 2019vs Q1 2018 | $3.0MM |
| Loan Loss Allowance | Q1 2019vs Q1 2018 | $1.2MM$1.4MM |
| Unbacked Noncurrent Loans | Q1 2019vs Q1 2018 | $1.9MM$1.4MM |
| Real Estate Owned | Q1 2019vs Q1 2018 | $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
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
| 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 |