Mennonite Mutual Aid

What Mennonite Mutual Aid does

Everence (formerly Mennonite Mutual Aid) is a faith-based, federally chartered credit union and integrated financial services organization serving Anabaptist/Mennonite individuals, families, businesses, nonprofits, and church congregations across 12-14 U.S. states. The organization operates through four interconnected business lines: Everence Federal Credit Union (banking, NCUA-insured, routing #031389237), insurance (Medicare supplement, annuities, life, long-term care, disability, dental/vision, Medicare Part D), asset management (IRAs, investment management, trust and estate planning, plus the wholly-owned Praxis Investment Management subsidiary), and charitable giving services (donor-advised funds, planned giving, charitable trusts and gift annuities). Distribution combines 27 physical offices staffed by local financial representatives, online banking platforms (itsme247, BizLink247, My Everence portal), a national remote advisory team, and church-based outreach via the Mennonite Retirement Trust and Everence Stewardship Partners.

The business model is multi-revenue-stream: net interest income and deposit/loan fees from the credit union balance sheet, recurring insurance premiums, asset-based and advisory fees on $8.9 billion in managed client assets, and administrative fees on charitable and trust vehicles. Pricing is quote-based across most lines and not publicly disclosed; credit union deposits are federally insured. The underlying technology stack is largely third-party-licensed — no proprietary core platform, APIs, or SDKs are disclosed — with member-facing channels including mobile/online banking, video banking, and the Greenlight-powered youth debit card program. Customer segments are diversified across consumer life stages (youth, family, retirement, end-of-life), small businesses, and church institutions, with segmentation described as hybrid (persona- and vertical-based).

The company is independently operated (no external parent), with no funding rounds and no public listing. Headcount is listed at 18, which appears to reflect the parent legal entity rather than the full operating organization. The organization files no public financial disclosures, and revenue is not stated; the only quantitative scale metrics are impact-oriented: $128.6 million in charitable gifts distributed to 4,300 nonprofits, $786,000 in Sharing Fund grants matched by $1.2 million from churches, and $548,800 contributed to 616 charities via the MyNeighbor credit card program. Certifications include NCUA federal deposit insurance and Equal Housing Lender designation.

Name

Mennonite Mutual Aid

Legal name

Everence Federal Credit Union

Website

https://mma-online.org

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Faith-based Credit Union & Financial Services

NAICS

Portfolio Management and Investment Advice (523940), Trusts, Estates, and Agency Accounts (52592)

SIC

Investment Advice (6282), Life Insurance (6311)

akta.pro primary industry

Trust, Fiduciary & Estate Planning Services (FSABADAG)

akta.pro secondary industries

Philanthropy & Foundations Advisory (Donor-Advised Funds, Endowments) (FSAAABAH), Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG), Trust & Fiduciary Advisory for HNW/UHNW (Trust Structuring & Trustee Oversight) (FSAAABAF)

Keywords

• Faith-based financial services
• Federal credit union banking
• Values-aligned investing
• Charitable giving services
• Retirement and estate planning

Headquarters

HQ city

Soldotna

HQ country

United States

HQ region

North America

Offices27 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Banking Services: Everence Federal Credit Union offers personal and business checking, savings, loans (personal, college, auto, mortgage, home equity, business), certificates, and credit cards. Revenue generated through interest on loans and fees on accounts.
2. Insurance Products: Medicare supplement insurance, annuities, life insurance, dental and vision insurance for ages 60+, disability insurance, long-term care insurance, and Medicare Part D. Revenue from premiums collected.
3. Financial Planning and Asset Management: Financial planning services, individual retirement accounts, investment management, trust and estate planning, Praxis Investment Management. Revenue from management fees and planning service fees.
4. Charitable Giving Services: Donor advised fund, planned giving, charitable trusts, charitable gift annuities, wills and legacy planning. Revenue through administrative fees and management of charitable assets.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Mennonite Mutual Aid (Everence) operates a faith-based integrated financial services platform delivered through Everence Federal Credit Union and affiliated entities. Core offerings include personal and business banking, mortgages and consumer loans, insurance (Medicare supplement, annuities, life, long-term care, dental/vision for 60+), asset management and IRAs via Praxis Investment Management, financial planning across life stages, and charitable giving services (donor advised funds, planned giving, charitable trusts). Services are offered to individuals, families, businesses, nonprofits, and Mennonite churches and congregations, with NCUA-insured deposits.

Product overview

Everence is a faith-based financial services credit union and insurance provider offering an integrated platform of financial products. The portfolio includes: Financial Planning (life-stage planning from college to retirement), Insurance Products (Medicare, annuities, life, long-term care, disability), Asset Management (IRAs, investment management, trust/estate, Praxis Investment Management), Charitable Giving Services (donor advised funds, planned giving, charitable trusts), and Banking Services (personal, youth, business, and church/nonprofit banking including HSAs). Products serve individuals, families, businesses, nonprofits, and Mennonite churches. Everence Federal Credit Union provides banking while affiliated companies handle investment management and insurance.

Differentiator

Problem solved

Functional benefit

Products and services

• Financial Planning Comprehensive life-stage financial planning services covering college, marriage, starting a family, buying a house, retirement preparation, end-of-life planning, and budget and debt counseling for individuals and families.
• Insurance Products Insurance offerings including Medicare supplement insurance, annuities, life insurance, dental and vision insurance for ages 60-plus, disability insurance, long-term care insurance, and Medicare Part D.
• Asset Management Investment and wealth management services including individual retirement accounts, investment management, trust and estate planning and administration, and Praxis Investment Management.
• Praxis Investment Management Faith-based investment management company under Everence that aligns client finances with their values and beliefs, offering Praxis mutual funds and advisory services for individuals and advisors.
• Charitable Giving Services Charitable giving programs including donor advised fund, planned giving, various types of gifts, wills and legacy planning, charitable trusts, and charitable gift annuities for individuals and families.
• Personal Banking Everence Federal Credit Union personal banking including personal checking, personal savings, personal loans, college loans, certificates, mortgages, home equity loans, auto and motorcycle loans, and credit cards for individuals.
• Business Banking Business banking services including business checking, business savings, business loans, and credit cards for businesses and congregations.
• Church and Nonprofit Banking Specialized banking for churches and nonprofits including church checking, church savings, and church loans.
• Health Savings Accounts (HSA) Health savings accounts for individuals to save for healthcare expenses with tax advantages.
• Mennonite Retirement Trust Retirement trust services specifically for Mennonite churches, pastors, and congregations.
• Employer Retirement Plans Retirement planning services for businesses including employer-sponsored retirement plans.
• Group Health and Employee Benefits Group health insurance and employee benefits packages for businesses.
• Business Succession Planning Planning services to help business owners prepare for transition and succession of their businesses.

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Praxis Investment ManagementcoreStrategic or Co-development PartnerPraxis Investment Management is an Everence company that manages investments aligned with faith and values. It provides the Praxis mutual funds and advisory services that integrate with Everence's broader financial services offerings. Available through separate account access at Praxis for Advisors and Secure Account View.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Market position

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/Everence
• Facebookfacebook.com/Everence
• LinkedInlinkedin.com/company/mennonite-mutual-aid

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mennonite Mutual Aid