Everence Credit Union’s student loan program operates through LendKey, which offers loan refinance options from more than 300 banks and credit unions. There are very few lenders who operate through LendKey that offer fixed rates.

Loan Rates and Longest Terms

  • Rates fluctuate from 4.00% to 8.25% variable
  • Loan terms up to 20 years


  • Loans are available only to members who have a relationship with a church or church organization, specifically Mennonite or Anabaptist-related church
  • You can also be eligible through an employer, mission volunteer work
  • You can be eligible if your spouse or guardian is a member


  • Competitive Rates, depending on creditworthiness
  • No Origination Fee
  • Everence will finance up to $125,000 undergraduate; $175,000 graduate loans
  • Interest-only option for up to 4 years
  • Cosigner release after 24 consecutive on time payments
  • Automatic payments entitles a 0.25% APR reduction


  • Must be an Everence member
  • Variable APR
  • Failed or cancelled automatic payment will result in a rate increase of 0.25%
  • Maximum loan amount varies by lender (through LendKey)

Best For

  • Students who are already members or affiliated with stewardship, and the community and/or have family associations within these denominations.

How to Apply

Everence’s loan application process is fairly straightforward and based upon credit history, employment, and income. Income requirement are very specific, although not very strict:

  • Borrower: Must have a reliable monthly gross income of at least $2,000
  • Cosigner: Must also have a reliable monthly gross income of at least $2,000

Other Companies to Consider: Wells Fargo