Banking

Everence Federal Credit Union promotes chief lending officer to CEO

Everence Federal Credit Union in Lancaster, Pa., named Matthew Gehman as its new president and CEO, effective April 1.

Matthew Gehman, the next president and CEO of Everence FCU

He will replace W. Kent Hartzler, who has been the $281 million-asset institution’s president and CEO since 2007.

Gehman joined Everence in 2015, and most recently served as its chief lending officer, the company said in a recent press release.

Prior to his time with Everence, Gehman served in various roles at regional banks, including credit analyst and commercial relationship manager.

“Matt’s skills and capabilities have been important to our successful management of credit union products and services,” said Shirley Hochstetler, Everence’s chairman. “With his experience and understanding of our members, Matt is well-positioned to lead the credit union into a new chapter of growth and innovation.”

Hartzler is stepping down to become a lead consultant with the North Group in Lancaster, according to the release.

Previously known as Mennonite Financial Federal Credit Union, Everence affiliated and rebranded alongside Mennonite Mutual Aid in 2010. The move helped bring together the two organizations’ collective, comprehensive faith-based financial stewardship services for individuals, organizations and churches, the release said.

In Hartzler’s time at the helm, the credit union has seen record growth in deposits and business lending, and now serves more than 20,000 members around the world.

Everence FCU earned nearly $1.1 million in 2020, compared with $1.7 million the year before, according to call report data from the National Credit Union Administration.



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