Communitywide Federal Credit Union is headquartered in South Bend and is the 18th largest credit union in the state of Indiana. It is also the 523rd largest credit union in the nation. It was established in 1967 and as of March of 2025, it had grown to 85 employees and 70,499 members at 11 locations. Communitywide Federal Credit Union's savings rates are 8X the national average, and it has an A health rating.
Field of Membership Restrictions
Membership in CommunityWide Federal Credit Union is open to members of the Michiana Goodwill Boosters, the Marine Corps League of St. Joseph Valley, or Habitat for Humanity Helpers. Membership is also open to those who work in Adams Engineering Company, Syscon International, and over 40 other Select Employer Groups.
See current membership details
Competitive & Courteous!
Despite the arguably arbitrary B+ scorecard listed here, I've recently joined membership with CommunityWide and have been quite impressed with their efficient operations. The new member application review process was altogether painless (about one day) and setting up new accounts was a breeze. To date, I've opened the share savings (APY 0.25%), personal checking (APY 1.0%), High-yield savings (APY 5.0%), and three separate certificates (each APY 5.5%). These are very respectable rates by comparison (although I'd anticipate lower rates soon). I've also received prompt and courteous customer service for all of my basic inquiries. Ordering my first set of personal checks was very convenient online with a simple autopayment directly from my account. Moreover, I'm completely satisfied with the ultra-clean functionality of their handy mobile application ("myCW"). In summary, I have nothing but great things to say about this credit union and I'm looking forward to many good years of membership ahead.
Thanks CommunityWide FCU !!
Too Complicated: IRA Savings Account
I inquired about the 5% APY IRA Savings account, and my review is just about this.
Depositaccount.com does not give any important details, and some information is wrong, even if it is up to date.
Communitywide's website does not give essential details, e.g. is there a Roth option. Deposit
I called several times before I got a hold of a live person. The individual was knowledgeable and was able to answer all my questions.
First of all: $2,000 is the minimum that has to be deposited when opening a IRA (Roth included) savings account.
The account opening fee is $5, plus an additional $5 for joining the Credit Union.
But their procedure is a complicated liker others: You have to have 2 accounts. What? Yes, you need to have a regular account first, and then the IRA savings will be opened in addition to it.
Funding then comes from your account, going into account #1 at Community Wide, than going into the IRA.
I suppose withdrawals would work the same way.
Communitywide Fcu
COMMUNITYWIDE FCU
will work with it's members to achieve
your'e financial goals
So Helpful
The operator I spoke with was Nicole, she was absolutely wonderful. I was very stressed and Nicole put me at ease and helped me though the process of creating an account and setting up a payment arrangement
Early Withdrawal Penalty
The early withdrawal penalty is confusing. It appears to say that it is twice the amount of the interest left to be earned. So if you had 2 years left on a 4.%CD, the EWP would be 9% which seems to be hard to believe. The phone rep told me she can not tell me before opening what the EWP would be.
Hard Pull!
To become a member-depositor. Without seeking any credit. No thanks, I am sick and tired of excessive "security" penalties and requirements against those of us with any capital left after the FED screws us. Stars for prompt, accurate reply to my asking this.
"JUST" DO NOT!
CommunityWide is promoted as an online bank. NOT! It is impossible to transfer money to other accounts if you have bank accounts that are not a MEMBER CU. If you live in another city, you have to physically go to a MEMBER CU to get your money. I was told to "just go in to bla, bla, bla." I do not JUST do anything in a wheelchair which is EXACTLY why I needed an online service!
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 18336 |
| Year Chartered | 1967 |
| Employees | 85 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.7% |
| Return on Equity - YTD | 5.53% |
| Annual Interest Income | $15.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $836.8MM$819.8MM |
| Loans | Q1 2025vs Q1 2024 | $652.8MM$690.2MM |
| Deposits | Q1 2025vs Q1 2024 | $725.1MM$712.9MM |
| Equity Capital | Q1 2025vs Q1 2024 | $106MM$100.2MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $35.6MM$36MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $17.3MM$16MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $61K$460K |
