Written by Kim Porter | Edited by Ali Cybulski | Published on 1/17/2025
Everwise Credit Union has more than 50 branch locations in Indiana and southwestern Michigan, along with more than 5,000 partner branches nationwide through the Co-op Shared Branch network. The credit union’s 300,000-plus members can access an array of products, including checking accounts, high-yield savings accounts and certificates — similar to bank certificates of deposit (CDs). Business owners will also find loans and deposit accounts to choose from.
Everwise’s five checking accounts all offer 0.5% cash back on eligible debit card purchases, and each account comes with its own set of special features. For instance, the Ultimate Checking account earns a 3.00% annual percentage yield (APY) on balances up to $10,000 and can waive the $10 monthly maintenance fee. Meanwhile, Advantage Checking provides 24/7 access to fraud specialists and cellphone protection that pays for up to $300 of replacement or repair costs.
Everwise also offers three savings accounts and two money market accounts. Opening the Primary Savings account establishes your Everwise membership, but the APY only kicks in when your balance exceeds $2,500.
Even then, it only ranges from 0.05% to 0.15%. The Boost High-Yield Savings account offers an APY of 3.00% with no monthly maintenance fees or minimum balance requirements, as long as you have an Everwise checking account with monthly direct deposits of $4,000 or more.
Another savings product is the standard share certificate. Terms range from six to 72 months and come with a $500 minimum deposit. APYs span from 4.65% to 4.75%.
Account holders get access to more than 700 no-fee ATMs across Indiana and Michigan, as well as more than 30,000 ATMs nationwide through the AllianceOne and Co-op networks. A $2.50 foreign transaction fee applies to ATMs outside of Michigan and Indiana.
In-person support is available at branches during business hours, which vary by location. You can also call Member Services at 800-552-4745 from 7 a.m. to 7 p.m. Eastern time Monday through Friday and from 8 a.m. to 3 p.m. ET on Saturday. Service is unavailable on Sunday. Alternatively, you can sign in to your account online and send a secure email or access mobile banking 24/7.
Everwise Credit Union pros and cons
Pros:
• Competitive rates on share certificates
• Shared branch network with more than 5,000 locations nationwide
• Checking accounts offer cash back on eligible debit card purchases
Cons:
• Branch locations limited to Indiana and southwestern Michigan
• APY for Primary Savings only kicks in when balance reaches $2,500
• Network ATMs outside of Indiana and Michigan have $2.50 foreign transaction fee
Field of Membership Restrictions
Membership in Everwise Credit Union is open to individuals who live or work in northern Indiana and in the southwest Michigan. (Counties and Membership requirements are listed in the online application).
See current membership details
Stay Away From This Bank!!!
I've banked with Teachers Credit Union now Everwise since 2018. I submitted an application for a loan in the amount of $3500 - $4000. I was denied the loan due to 1 collection and a debt write off which are old!!! The Underwriter is biased.. I'm closing my accounts and going to another bank that will appreciate me!! There was a time when I deposited my payroll check and was viewed as a criminal!!
Everwise Destroys Credit Rating In Error And Does Not Fix It
My 10-year mortgage had one last payment due on December 1, 2023. I decided to turn off the automatic payment scheduled and instead I sent it a little early, on November 24. The payment went through, and I heard nothing from the Credit Union. December 3 the Credit Union informed Experian that the account was paid off. January 2 the Credit Union reported to Experian that my mortgage payment was past due by at least 90 days. I called that day and spoke with someone named Scarlett. She looked it up and stated that because the payment was a little early it was not recorded. She said she was crediting me the late charge and back-dating the payment. She said I had $26.32 due to cover the county fees to close the mortgage. I submitted that payment same day. She also said she was emailing the person that did the credit reporting to have the late payment removed, because it was not in fact late. I now have the county paperwork in hand confirming that there is no longer a mortgage on my home. On February 3 I was informed that the Credit Union had reported that my mortgage was at least 90 days delinquent over due by at least 90 days. I called the Credit Union again and was brushed off with the statement that they would get back to me. They have not. This all has caused my credit score to drop about 130 points.
Everwise Should Be Ashamed To Call Themselves A CU
EXTREMELY EXTREMELY EXTREMELY DISAPPOINTED in and with Everwise. They took over Teachers Credit Union, which my elderly parents had been with for years, didnt update their system per the truck payment that was AUTOMATICALLY coming out every month for 5 years with NO PROBLEMS, NO LATE FEES or anything!!!! The truck, after 5yrs of autopayments, was to be paid off in December.
Last night, they were woken to Everwise sending a local recovery to repossess their truck!!! The tow truck driver even brought a gun. I took them to the bank the next day, and the MANAGER did not know why they stopped taking payments. We requested that he speak to folks higher than him and they also didnt know why. For 4hrs we tried to come to a resolution, and could not other than to completely pay the truck off, pay the towing company $634 dollars to get their truck back. Now they have to somehow try and recoup the $634 for a truck that they have paid ON TIME religiously for 5yrs!!!!! This NEVER happened with Teachers CU, and NO communication came to them that Everwise was not getting payments and again, they dont know why. The lack of communication, professionalism, knowledge etc was an epic failure here which lead to a VERY stressful day.
My parents have another large account at Everwise which they are going to immediately move to another bank and close out with Everwise. Extremely disappointing that elderly people have to deal with this!!!
Data as of Q4 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 60060 |
| Year Chartered | 1931 |
| Employees | 704 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.55% |
| Return on Equity - YTD | 6.81% |
| Annual Interest Income | $269.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $5.25B$5.17B |
| Loans | Q4 2024vs Q4 2023 | $4.19B$4.14B |
| Deposits | Q4 2024vs Q4 2023 | $4.68B$4.28B |
| Equity Capital | Q4 2024vs Q4 2023 | $420.7MM$376.4MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $69.8MM$63.7MM |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $38.4MM$27MM |
| Real Estate Owned | Q4 2024vs Q4 2023 | $103K$251K |
