Everence Federal Credit Union

Overview / Commentary
2160 Lincoln Hwy E Ste 20
Lancaster, PA 17602-1150

Everence Federal Credit Union is headquartered in Lancaster and is the 30th largest credit union in the state of Pennsylvania. It is also the 1,023rd 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)

Beware! Higher Interest Is A Sham And You'll Leave With A Guilt Trip!

Posted by: |

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 Grade Components

NCUA #10223
Year Chartered1955
Primary Regulator
Profit Margin
Return on Assets - YTD0.78%
Return on Equity - YTD9.53%
Annual Interest Income$8.6MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$220.5MM$195.3MM
LoansQ4 2019vs Q4 2018$151.1MM$140.6MM
DepositsQ4 2019vs Q4 2018$194.5MM$169.0MM
Equity CapitalQ4 2019vs Q4 2018$17.5MM$15.6MM
Secondary CapitalQ4 2019vs Q4 2018$3.0MM
Loan Loss AllowanceQ4 2019vs Q4 2018$1.2MM$1.2MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$1.6MM$2.0MM
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Report an Issue

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

4.00%*-$1kYouth Savings
OTHER TIERS: 0.15% $1k+
2.00%*-$1kJubilee 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

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%*-$5kIndexed Money Market
OTHER TIERS: 0.15% $5k+

Everence Federal Credit Union Checking Account Rates

0.10%*$10k*-Dividend Checking
OTHER TIERS: 0.05% Up to $10k

Everence Federal Credit Union CD Rates

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

Everence Federal Credit Union Locations
Branch Office1301 College AveGoshen, IN 46526
Branch Office2160 Lincoln Hwy E Ste 15Lancaster, PA 17602
Branch Office1110 N Main StGoshen, IN 46528-2638
Branch Office4136 Kidron RdDalton, OH 44618
Branch Office1022 Sharp AveEphrata, PA 17522
Branch Office962 E Main StMount Joy, PA 17552
Branch Office841 Mount Clinton Pike STE BHarrisonburg, VA 22802
Branch Office4417 E Main StBelleville, PA 17004
Branch Office3407 Bahia Vista StSarasota, FL 34239

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.