38+
Years in Business
$10B+
Assets Under Management
500K+
Members Served
10
Locations Nationwide
About Evertrust
Built on Trust. Since 1988.
Evertrust Federal Bank was founded in New York City with a single commitment — to give everyday Americans the kind of banking that used to be reserved for the wealthy. Transparent rates, zero hidden fees, and a team that picks up the phone. More than 35 years later, that commitment has not changed.
"To deliver the financial tools, rates, and trust that every American deserves — without the fees, fine print, or frustration that too often come with traditional banking."
— Evertrust Federal Bank Mission Statement
What We Stand For
Eight principles that guide every decision we make.
Trust You Can Bank On
No hidden fees, no fine print surprises. Every product we offer is designed to be exactly what it says — simple, fair, and honest. Our members never have to wonder what they're paying for.
Security Without Compromise
Bank-grade 256-bit encryption, real-time fraud monitoring, biometric authentication, and instant card freeze. Your money is protected around the clock — no exceptions.
Rates That Actually Work for You
While big banks offer fractions of a percent, we offer 5.05% APY on savings and $0-commission investing. We believe your money should grow, not sit idle.
People Over Profit
As a federally chartered bank, we answer to our members — not shareholders. Every policy decision starts with one question: does this benefit the people we serve?
Community Investment
We reinvest in the communities where our members live. From small business lending to first-time homebuyer programs, we show up where it matters most.
Banking Without Friction
Open an account in 5 minutes. Get a mortgage decision in 3. Apply for a loan and hear back same day. Modern banking should be fast — and with Evertrust, it is.
Real People, Real Support
No automated runarounds. Every Evertrust member has access to a dedicated banker. When you call us, a person picks up — 24 hours a day, 7 days a week.
Responsible Banking
We do not invest member deposits in fossil fuel projects or predatory industries. Our lending standards are ESG-reviewed annually and published in our public transparency report.
What Makes Us Different
We don't compete on marketing. We compete on results.
No Monthly Fees
Checking, savings, and investment accounts with zero monthly maintenance charges — ever.
Same-Day Decisions
Loan applications reviewed and decided the same business day you apply, in most cases.
No Branch Required
Every account, loan, and investment can be opened fully online in minutes from any device.
FDIC Insured to $250K
All deposits are federally insured through the FDIC — your money is safe regardless of market conditions.
Rate Transparency
We publish all current rates publicly and update them daily. No need to call or negotiate — what you see is what you get.
Dedicated Banker
Every member is assigned a personal banker. You get a direct name, not a ticket number.
Our History
From a single branch in New York City to a nationwide federal bank.
1988
Founded in New York City as a federally chartered community bank with a single branch and 12 employees.
1996
Expanded to the Southeast with our Atlanta Midtown branch. Membership crossed 10,000 for the first time.
2001
Launched one of the earliest online banking platforms among federal banks — a year ahead of most competitors.
2008
Remained solvent and profitable through the financial crisis. Zero member funds lost. Zero federal bailout accepted.
2013
Crossed $1 billion in assets. Opened branches in Miami, Chicago, Houston, Charlotte, Washington DC, LA, and Philadelphia.
2019
Introduced mobile-first banking with biometric login, instant transfers, and real-time card controls.
2024
Crossed $10 billion in AUM. Launched $0-commission investing, 5.05% APY savings, and same-day loan decisions.
Compliance & Licensing
Fully regulated, insured, and accountable — to our members and to the law.
FDIC Insured
Deposits insured up to $250,000 per depositor, per ownership category.
Member FDIC
Charter #026009593 — regulated by the Office of the Comptroller of the Currency (OCC).
Equal Housing Lender
We lend without regard to race, color, religion, national origin, sex, disability, or familial status.
SIPC Member
Investment accounts protected up to $500,000 through the Securities Investor Protection Corporation.
ABA Member
Active member of the American Bankers Association since our founding.
CFPB Compliant
All consumer products reviewed and compliant with Consumer Financial Protection Bureau standards.
FDIC Insured · Member FDIC · Equal Housing Lender · Charter #026009593 · Est. 1988