Everwise Credit Union

Overview / Commentary
110 S Main St
South Bend, IN 46601

Everwise Credit Union is headquartered in South Bend and is the largest credit union in the state of Indiana. It is also the 76th largest credit union in the nation. It was established in 1931 and as of March of 2024, it had grown to 706 employees and 301,372 members at 49 locations. Everwise Credit Union's CD rates are 51% higher than the national average, and it has a B health rating.

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

Reviews (3)

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

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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!!!


Health Grade Components

NCUA #60060
Year Chartered1931
Primary Regulator
Profit Margin
Return on Assets - YTD0.66%
Return on Equity - YTD8.82%
Annual Interest Income$64.1MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$5.15B$4.92B
LoansQ1 2024vs Q1 2023$4.15B$3.96B
DepositsQ1 2024vs Q1 2023$4.33B$4.21B
Equity CapitalQ1 2024vs Q1 2023$385.7MM$353MM
Loan Loss AllowanceQ1 2024vs Q1 2023$64.7MM$57.5MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$40.2MM$6.8MM
Real Estate OwnedQ1 2024vs Q1 2023$143K$141K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Everwise Credit Union Savings Account Rates

0.60%$0-HSA Checking
0.25%*$10k*-Tiered IRA
OTHER TIERS: 0.10% $0 - $10k
0.25%$0-IRA Share
0.15%*$100k*-Primary Share
OTHER TIERS: 0.05% $2.5k - $10k | 0.10% $10k - $100k
0.15%*$100k*-Choice Savings
OTHER TIERS: 0.05% $2.5k - $10k | 0.10% $10k - $100k

Everwise Credit Union Money Market Rates

1.26%*$100k*-Premium Money Market Account
OTHER TIERS: 0.75% $0 - $100k

Everwise Credit Union Checking Account Rates

3.00%*$0$10kUltimate Checking
OTHER TIERS: 0.10% $10k+
0.15%*$50k*-World Checking
OTHER TIERS: 0.05% $0 - $50k

Everwise Credit Union CD Rates

5.43%$500-10 Month CD Special
5.33%$500-15 Month CD Special
5.06%$500-20 Month CD Special
5.06%$500-16 Month CD Special
4.60%$500-37 Month CD Special
3.04%$500-72 Month CD
2.93%$500-60 Month HSA Certificate
2.84%$500-60 Month CD
2.73%$500-36 Month HSA Certificate
2.65%$500-36 Month CD
2.22%$500-24 Month CD
1.62%$500-18 Month CD
1.41%$500-12 Month HSA Certificate
1.36%$500-12 Month CD
1.19%$500-6 Month CD

Everwise Credit Union IRA Rates

5.44%$500-10 Month IRA Special
5.34%$500-15 Month IRA Special
5.08%$1k-20 Month IRA Special
4.61%$500-37 Month IRA Special
3.06%$500-72 Month IRA
2.86%$500-60 Month IRA
2.68%$500-36 Month IRA
2.25%$500-24 Month IRA
1.65%$500-18 Month IRA
1.39%$500-12 Month IRA
1.22%$500-6 Month IRA


South Bend Area

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