Everwise Credit Union

Retail Banking (Credit Union)everwisecu.com

Everwise Credit Union is a member-owned financial cooperative headquartered in South Bend, Indiana, serving Indiana and southwest Michigan residents with checking, savings, credit cards, mortgages, auto loans, HELOCs, business banking, and investment services across approximately 50+ branches and digital channels.

Company typePrivate
Founded1931
HeadquartersSouth Bend, United States
Headcount501–1,000
GTM typeB2C
OfferingServices

What Everwise Credit Union does

Everwise Credit Union is a member-owned financial cooperative headquartered in South Bend, Indiana, founded in 1931 (previously operating as Teachers Credit Union) and serving consumers and small businesses across Indiana and southwest Michigan. It operates approximately 50+ branch locations with access to 700+ no-fee ATMs and supports roughly 501-1,000 employees, delivering a full-stack retail and small-commercial banking product set organized across deposit products (Simply Checking, Plus Checking, Max Checking up to 3.00% APY, savings, certificates up to 4.00% APY, HSA accounts), credit products (auto loans, personal loans, mortgages via subsidiary Everwise Lending LLC, HELOCs starting at 6.75% APR, credit cards), commercial banking (business checking, treasury services, small business and commercial loans), and investment services including 403(b) and IRAs. The technology backbone is a Jack Henry & Associates core banking platform exposed to members through a web-based online banking portal and native iOS/Android mobile applications (separate personal and business builds) that deliver mobile deposit, mobile wallets (Apple Pay, Google Pay, Samsung Pay), Card Connect, Card Lock, biometric login, wire transfers, and bill pay, with external account linking handled through Plaid and Trustly integrations and member service cobrowsing provided by Glia.

The business model is the standard mutual-credit-union model: net interest income (the spread between loan yields on mortgages, auto, HELOC, credit cards, and commercial lending versus rates paid on deposits and certificates) is the primary revenue driver, supplemented by transaction fees (wire transfers $30 domestic/$50 international, $8 debit-card loan payments, $33 stop payments, $25 Skip-a-Pay, 2% balance transfer), debit-card interchange, and loan origination and servicing fees. Distribution is hybrid: dedicated branch relationship managers for commercial and mortgage customers, plus self-service digital and 24/7 phone banking, with the marketing and analytics layer built on HubSpot, Customer.io, Vertice, Microsoft Clarity, Hotjar, and a broad paid-media footprint spanning Meta, LinkedIn, TikTok, Pinterest, Google, and Connected TV (Innovid, Roku, Magnite, The Trade Desk, LocaliQ). Member acquisition is augmented by a ReferLive-powered Refer-a-Friend program paying $50 to both sides ($500 annual cap), and the cooperative structure supports subsidiary entities Everwise Lending LLC (mortgage), Everwise Foundation (financial education and charitable giving), and Everwise Ventures LLC (innovation). Compliance footing includes NCUA federal deposit insurance (up to $250,000), NMLS #686706 mortgage licensing, Equal Housing Opportunity lender status, GLBA/GDPR/CCPA-aligned privacy practices, and self-attested WCAG 2.1 AA accessibility.

Everwise Credit Union firmographics

Firmographics

Name: Everwise Credit Union
Legal name: Everwise Credit Union
Website: https://everwisecu.com
Company type: Private
Founded year: 1931
Operating status: Operating
Headcount range: 501–1,000 employees
Short description: Everwise Credit Union is a member-owned financial cooperative headquartered in South Bend, Indiana, serving Indiana and southwest Michigan residents with checking, savings, credit cards, mortgages, auto loans, HELOCs, business banking, and investment services across approximately 50+ branches and digital channels.
Ownership category
akta.pro rank

Everwise Credit Union industry classification

Industry

Product category: Retail Banking (Credit Union)
NAICS: Credit Unions (52213)
SIC: Savings Institution, Federally Chartered (6035)
akta.pro primary industry: Faith-Based & Affinity Credit Unions (FSABAEAH)
akta.pro secondary industries: Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL), Payables & Disbursements (ACH/SEPA, wires, checks, virtual cards) (FSABAIAB)

Keywords

Retail banking
Consumer lending
Mortgage loans
Credit union services
Small business banking

Where Everwise Credit Union is headquartered

Location

Headquarters

HQ city: South Bend
HQ country: United States
HQ region: North America

Offices32 records

Markets served

Everwise Credit Union business model

Business model

GTM type: B2C
Offering type: Services
Cost components: Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

Net Interest Income: Interest earned on loans (mortgages, home equity, auto, personal, credit cards, commercial) minus interest paid on deposits (checking, savings, certificates). Primary revenue driver for credit unions.
Loan Origination Fees: Fees charged for loan applications, originations, and servicing activities across consumer and business lending products
Payment Processing Fees: Fees for loan payments: $8 for debit card payments, $10 assisted fee, free ACH, with skip-a-pay fees of $25
Wire Transfer Fees: Fees for wire transfers: $30 domestic outgoing, $50 foreign outgoing, $10 incoming
Stop Payment Fees: $33 fee for stop payment requests processed through online banking or phone
Referral Program Costs: Costs associated with $50 referral rewards for new checking account openings (referral program incentive expense)
Debit Card Interchange: Interchange revenue from debit card transactions with tiered cash back rewards (0.25%-0.50%) funded by merchant fees

Pricing tiers

Model	Billing	Price
Hybrid	Monthly	Simply Checking: 0.25% cash back on debit purchases; Plus Checking: 0.35% cash back; Max Checking: 0.35% cash back + 3.00% APY on balances up to $25,000
Subscription	Monthly	Certificates: Up to 4.00% APY; HSA Certificates: $500 minimum, 12/36/60 month terms
Transaction based/ take rate	Pay-as-you-go	ACH payments: Free; Debit card: $8; Assisted: $10; Skip-a-Pay: $25
Transaction based/ take rate	Pay-as-you-go	Domestic outgoing: $30; International outgoing: $50; Incoming: $10
Transaction based/ take rate	Pay-as-you-go	Balance transfer fee: Greater of $10 or 2% per transaction
Outcome Based/ Performance	Pay-as-you-go	Referral reward: $50 per qualified referral, maximum $500 per calendar year
Subscription	Annual	Individual HSA contribution limit: $4,400; Family: $8,750; Catch-up (55+): additional $1,000

Go-to-market motion1 record

Distribution channels6 records

Marketing channels5 records

Everwise Credit Union product offering

Product offering

Core offering

Everwise Credit Union is a member-owned financial cooperative that delivers retail and small business banking services to Indiana and southwest Michigan residents. Core offerings include tiered personal checking accounts with debit card cash-back rewards, savings and certificate deposits, personal and business credit cards, consumer loans (personal, vehicle, home mortgage, HELOC), and commercial lending, complemented by investment/wealth services and HSA products. Members access these products through approximately 50+ physical branch locations, 700+ no-fee ATMs, web-based Online Banking, and iOS/Android Mobile Banking Apps with mobile deposit, mobile wallet support, and automated fraud alerts.

Product overview

Everwise Credit Union is a member-owned financial institution serving Indiana and Michigan residents, offering a comprehensive suite of banking products organized across personal and business banking divisions. The core product portfolio includes deposit accounts (checking, savings, certificates), credit products (credit cards, personal loans, vehicle loans, home loans, HELOCs), and business services (checking, loans, treasury services). Digital banking is delivered through two interconnected platforms: Online Banking (web-based) and Mobile Banking App (iOS/Android with separate business variant), which provide access to features like Mobile Deposit, Card Lock, Bill Pay, and Card Connect. Additional products include Investment Services, Health Savings Accounts (HSA Checking and HSA Certificates), and Loan Payment Protection insurance. The company emphasizes financial education through its Financial Guidance content library and maintains community commitment via the Everwise Foundation. All products are accessible through extensive branch and ATM networks across Indiana and southwest Michigan.

Differentiator

Problem solved

Functional benefit

Products and services

Personal Checking
Savings Accounts
Personal Credit Cards
Personal Loans
Vehicle Loans
Home Loans
Home Equity Line of Credit (HELOC)
Investment Services
HSA Checking
HSA Certificates
Business Checking
Business Credit Cards
Small Business Loans
Commercial Loans
Business HSA
Treasury Services
Online Banking
Mobile Banking App

Quantifiable outcome

Earn up to 3.00% APY on Max Checking deposits
+5 more outcomes

Companies that use Everwise Credit Union

Customer profile

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Everwise Credit Union technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Integration30 records

Feature9 records

Everwise Credit Union partnerships and signals

Strategic signal

Partnerships

15 partnerships are on record, tiered core and supporting.

Jack Henry & AssociatescoreTechnology or IntegrationJack Henry & Associates provides the core banking technology infrastructure powering the Online Loan Pay platform. Copyright notice indicates 2004-2025 Jack Henry & Associates, Inc. rights reserved.
HubSpotsupportingTechnology or IntegrationHubSpot provides marketing automation, customer communication, and personalized content delivery. Everwise shares personal information with HubSpot including name, email, contact details, and website interactions for marketing automation purposes.
Microsoft Clarity and Microsoft AdvertisingsupportingTechnology or IntegrationMicrosoft provides website analytics through Clarity (behavioral metrics, heatmaps, session replay) and advertising services for campaign optimization and targeted advertising.
Meta (Facebook and Instagram)supportingTechnology or IntegrationMeta pixel tracks website visitors and delivers targeted advertisements on Facebook and Instagram platforms. Enables match of site visitors to their respective social media accounts for retargeting purposes.
LinkedInsupportingTechnology or IntegrationLinkedIn Insight Tag enables marketing campaign optimization on LinkedIn and retargeting of website visitors through LinkedIn advertising.
GooglesupportingTechnology or IntegrationGoogle Analytics provides technical and statistical website analysis. Google Ad Manager delivers targeted advertising based on browsing history and online behavior. Privacy settings available through My Ad Center.
HotjarsupportingTechnology or IntegrationHotjar provides website analytics including heatmaps (visual representation of user interaction) and session replay to improve user experience and website effectiveness.
TikToksupportingTechnology or IntegrationTikTok pixel tracks website visitor interactions from TikTok advertising campaigns for conversion reporting and campaign optimization. No advanced matching or personally identifiable data utilized.
PinterestsupportingTechnology or IntegrationPinterest Tag tracks visitor interactions from Pinterest advertising campaigns to measure conversions and optimize ad targeting.
TrustlysupportingTechnology or IntegrationTrustly enables secure linking of external bank accounts for transfers without requiring manual microdeposit verification process. Used for external account-to-account transfers.
PlaidsupportingTechnology or IntegrationPlaid provides account linking services through auto link feature, enabling members to connect external financial institution accounts for aggregation and transfer purposes.
ReferLive (CustomerStream, LLC)supportingChannel Partner/ Reseller/ DistributorReferLive powers the Refer-a-Friend program platform, handling referral registration, tracking, and reward fulfillment. Contact at (615) 864-7520 or support email provided.
gliasupportingTechnology or Integrationglia provides cobrowsing and live chat products for customer service interactions. Collects device information, behavior site usage, and information provided during support sessions.
Customer.iosupportingTechnology or IntegrationCustomer.io provides messaging automation for tailored communication and member-focused personalization based on user actions and tracked events on the website.
VerticesupportingTechnology or IntegrationVertice provides digital marketing analytics providing insights into customer financial behavior through transaction data for personalized marketing campaign creation.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Everwise Credit Union competitors and assessment

Company assessment

Emerging players

SoFi: Digital-first bank and lender offering high-yield deposits, personal loans, mortgages, and credit cards with no geographic membership restrictions. Increasingly competes with Everwise for digitally native Indiana/Michigan consumers who value rate and convenience over local branches.
Chime: National digital banking platform offering fee-free checking, savings, and credit products through partner banks. Targets similar consumer segments as Everwise (cost-conscious, mobile-first users) but with no geographic restrictions and a leaner cost structure.

Broad incumbents

PNC Financial Services: Large national bank with a significant branch presence across the Midwest including Indiana. Competes with Everwise for consumer deposits, mortgages, and small business banking, but with vastly greater scale, product breadth, and digital investment capacity.
Old National Bank: Indiana-headquartered regional bank with a meaningful Midwest branch network including Indiana and Michigan. Comparable to Everwise on regional consumer and business banking, but operates as a publicly traded, for-profit institution with broader geographic and product reach.
Horizon Bank: Indiana and Michigan-based regional commercial bank offering consumer, small business, and commercial banking. Competes with Everwise across the same IN/MI footprint but operates as a for-profit bank with a broader product portfolio including wealth management.

Direct peers

Beacon Credit Union: Indiana-headquartered community credit union providing personal and business banking, mortgages, and consumer loans. Comparable to Everwise in scale, geographic focus on Indiana, and member-owned cooperative structure with branch-based distribution.
Lake Michigan Credit Union: One of the largest credit unions in Michigan with a broad personal and business banking product set. Directly comparable to Everwise as a Midwestern credit union competing for the same Indiana/Michigan retail and small-business customers with similar deposit, lending, and digital products.
Purdue Federal Credit Union: Indiana-based credit union serving a broad member base across the state with checking, lending, mortgages, and business banking products. Similar community/regional orientation and product mix to Everwise, with overlapping geographic competition in Indiana.
Michigan State University Federal Credit Union: Large Michigan-based credit union offering consumer and business banking, mortgages, and investment services. Comparable to Everwise in core product offering and Michigan market presence, though anchored to a university field of membership.
Interra Credit Union: Indiana-based credit union offering checking, savings, mortgages, and consumer lending across northern Indiana. Direct geographic and product overlap with Everwise, competing for the same IN/MI consumer base with a similar full-service branch and digital model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Everwise Credit Union compliance and trust

Trust signal

Compliance14 records

Everwise Credit Union financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Everwise Credit Union leadership team

Management profile

Number of profiles

Profiles1 record

Everwise Credit Union subsidiaries and ownership

Company hierarchy

Subsidiaries3 records

Everwise Credit Union funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Everwise Credit Union M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Everwise Credit Union

What does Everwise Credit Union do?

Is Everwise Credit Union a public or private company?

Everwise Credit Union is a private company. It is classified as nonprofit foundation owned and is currently operating.

When was Everwise Credit Union founded?

Everwise Credit Union was founded in 1931. It employs 501 to 1,000 people.

Where is Everwise Credit Union based?

Everwise Credit Union is headquartered in South Bend, United States, in the North America region.

How does Everwise Credit Union make money?

Seven revenue lines are on record. Net Interest Income is the primary driver. The others are loan Origination Fees, payment Processing Fees, wire Transfer Fees, stop Payment Fees, referral Program Costs and debit Card Interchange.

Who are Everwise Credit Union's main competitors?

Emerging players on record are SoFi and Chime. Broad incumbents are PNC Financial Services, Old National Bank and Horizon Bank. Direct peers are Beacon Credit Union, Lake Michigan Credit Union, Purdue Federal Credit Union, Michigan State University Federal Credit Union and Interra Credit Union.

Does Everwise Credit Union have an API?

No public API is recorded for Everwise Credit Union.

What industry is Everwise Credit Union in?

Everwise Credit Union's product category is Retail Banking (Credit Union). Its primary akta.pro industry code is FSABAEAH, Faith-Based & Affinity Credit Unions, with a secondary code of FSAKAAAL, Bank & Credit Union Personal Loans (Unsecured Installment). Its NAICS code is 52213 and its SIC code is 6035.