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Church savings
Everence Federal Credit Union offers several types of savings options for churches and congregations. Bank with a company rooted in faith – one that shares your values for community and good stewardship.
Start saving
Jump start your savings
Churches have unique needs when it comes to saving for the future. Everence offers a variety of savings accounts to help meet the goals of your church.
Start with $5
Primary savings
Your share savings account is the start of your membership. After opening a savings account, you can open other types of EFCU accounts.
Additional savings accounts
Other accounts to help you save
After opening a primary savings account, Everence Federal Credit Union offers a variety of savings products to churches and congregations.
Certificates
Everence Federal Credit Union has certificates available in maturities from six to 60 months with minimum balances of $500 to $100,000. Dividends are compounded quarterly. As with most certificates, penalties apply for early withdrawal.
Club accounts
In addition to a primary savings account, churches can set up club accounts and have them customized to your church needs. Churches may set up as many club accounts as they wish, for such things as children's departments, trustees, youth groups and other ministries. Club accounts do not have monthly maintenance fees and accounts above $50 accrue dividends.
Business money markets
Our business money market account1 earns dividends with limited check-writing privileges. There is no monthly fee if the daily balance does not fall below $10,000. You will receive six free checks or withdrawals each month. Fees apply to additional withdrawals.2
Simplified employee pension
In addition to individual retirement accounts (IRAs) – traditional, Roth, and educational – Everence Federal Credit Union offers simplified employee pension (SEP) plan accounts3 for churches wanting this service for their employees.
Open a church savings account
Open your membership and savings account online or through our downloadable application.
To open a SEP, call 800-451-5719 and ask to speak with an IRA representative, or email [email protected].
Everence Federal Credit Union
2160 Lincoln Highway E., Suite 20
Lancaster, PA 17602
Everence is not just another credit union. We help our members put their values into practice, through mutual aid, community support and people helping people. We’ve developed ways to make this happen, by integrating unique features into our products and services.
Disclosure
1 APY = Annual Percentage Yield. You must maintain the minimum average daily balance in your account to obtain the disclosed APY. The APY is paid on the average daily balance and is based on the assumption that dividends remain on deposit within the account during the dividend period. Withdrawals will reduce earnings. Compounding occurs monthly. Rates are established by the Board of Directors at the end of each month and are subject to change at any time without prior notice. If you close your account before dividends are credited, you will not receive the accrued dividends.
2 A $10 fee occurs for each additional withdrawal.
