Dec, 31, 2023 — EVERENCE FEDERAL CREDIT UNION is a federal credit union headquartered in LANCASTER, PA with 11 branch locations and about $423.69 million in total assets. Opened 69 years ago in 1955, EVERENCE FEDERAL CREDIT UNION has about 23,430 members and employs 78 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | EVERENCE FEDERAL CREDIT UNION |
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Address: (Main Office) | 2160 Lincoln Hwy E Ste 20 LANCASTER, PA 17602 |
Phone: | (800) 451-5719 |
Fax: | (717) 735-8331 |
Website: | https://www.everence.com |
Branches: | 11 branch locations |
Members: | 23,430 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 10223 |
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Membership Type: | Multiple common bond - Primarily faith based |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $423,691,984 |
CEO/Manager: | Kristen M Heisey |
Chairperson: | Kevin Ressler |
ASSETS: | $ Amount |
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Cash & Equivalents | 45,802,356 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 188,040,023 |
Unsecured Loans | 43,010,004 |
Other Loans | 45,662,197 |
TOTAL LOANS | 277,239,002 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,272,724 |
Land And Building | 497,191 |
Other Fixed Assets | 179,233 |
NCUSIF Deposit | 3,105,159 |
All Other Assets | 0 |
TOTAL ASSETS | 423,691,984 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 41,818,100 |
Accounts Payable & Other Liabilities | 1,290,956 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 3,600,000 |
Share Drafts | 84,252,027 |
Regular shares | 138,926,179 |
All Other Shares & Deposits | 132,220,655 |
TOTAL SHARES & DEPOSITS | 355,398,861 |
TOTAL LIABILITIES | 402,107,917 |
Regular Reserve | 0 |
Other Reserves | -6,624,672 |
Undivided Earnings | 28,208,739 |
TOTAL EQUITY | 21,584,067 |
TOTAL LIABILITIES, SHARES, & EQUITY | 423,691,984 |
INCOME & EXPENSE | |
Loan Income | 14,297,967 |
Investment Income | 3,557,026 |
Other Income | 436,509 |
Total Employee Compensation & Benefits | 5,390,912 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 5,122,481 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 282,773 |
Cost of Funds | 6,442,595 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,103,888 |
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