Everwise Credit Union
501(c)(14)
Strong reserves Growing revenue
Everwise Credit Union is a 501(c)(14) organization based in South Bend, Indiana, registered in 1969, with $329,956,987 in FY2024 revenue.
110 S Main St, South Bend, IN, 46601 EIN 35-0702986 Since 1969
Revenue (FY2024)
$330.0M
▲ 15.2% vs prior year
Expenses (FY2024)
$301.3M
Net assets
$418.1M
Employees
1,055
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Everwise Credit Union— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating17 mo reserves · +9% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Everwise Credit Union: 17 mo reserves · +9% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Everwise Credit Union: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Everwise Credit Union: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
State chartered credit union
Contact & location
- Address
- 110 S Main St, South Bend, IN, 46601
- City
- South Bend
- State
- Indiana
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $113.9M (FY2013) to $330.0M (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $4.8BNet assets $418.1M
Operating margin
8.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$5.3B
Total liabilities
$4.8B
Net assets
$418.1M
Salaries & benefits
$74.5M
25% of expenses
Board members
9
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $329,956,987▲15.2% | $301,285,359▲19.4% | $418,139,482▲11.1% | $5,252,696,962▲1.5% | 990 |
| 2023 | $286,472,569▲22.1% | $252,322,312▲43.5% | $376,372,545▲3.1% | $5,173,106,431▲6.2% | 990 |
| 2022 | $234,639,519▲18.5% | $175,893,067▲8.1% | $364,888,951▲1.0% | $4,871,999,188▲8.3% | 990 |
| 2021 | $198,079,661▲30.5% | $162,672,107▲22.8% | $361,280,532▲30.0% | $4,498,999,331▲41.9% | 990 |
| 2018 | $151,831,106▲9.6% | $132,467,338▲9.4% | $277,824,412▲6.6% | $3,171,131,618▲1.4% | 990 |
| 2017 | $138,493,915▲7.8% | $121,035,766▲7.8% | $260,580,651▲8.3% | $3,127,095,775▲3.4% | 990 |
| 2016 | $128,428,633▲7.3% | $112,308,007▲4.8% | $240,700,986▲5.5% | $3,025,349,817▲5.7% | 990 |
| 2015 | $119,705,850▲2.4% | $107,123,073▲3.3% | $228,208,860▲5.5% | $2,861,691,643▲8.0% | 990 |
| 2014 | $116,872,967▲2.6% | $103,688,852▲1.2% | $216,277,678▲9.5% | $2,649,806,144▲11.2% | 990 |
| 2013 | $113,898,109 | $102,426,862▼5.8% | $197,447,292▲3.0% | $2,382,590,333▲1.4% | 990 |
| 2012 | — | $108,754,675▼4.0% | $191,709,720▲8.8% | $2,349,535,058▲8.8% | 990 |
| 2011 | — | $113,339,053▼3.5% | $176,254,802▲9.9% | $2,159,963,450▲7.9% | 990 |
| 2010 | — | $117,499,352 | $160,374,991 | $2,001,041,257 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Jason Osterhage — $744,495 (0.25% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jason Osterhage | President & Ceo | 45 | $744,495 |
| Waylon Peterson | President, Everwise Wealth Management | 45 | $445,432 |
| Daniel Woodhouse | Financial Advisor III | 45 | $430,619 |
| Randall Tarter | Financial Advisor III | 45 | $407,524 |
| Nicole Alcorn | Vp, Chief Member Experience Officer | 45 | $398,828 |
| Todd Brown | Chief Financial Officer | 45 | $376,380 |
| Nancy Engelmann | Chief Human Resources Officer | 45 | $364,090 |
| Victoria Partaker | Mortgage Sales Manager | 45 | $363,479 |
| Daniel Rousseve | Chief Information Officer | 45 | $345,998 |
| Norman Buchanan | Chief Strategic Bus. Transformation Officer | 45 | $328,712 |
| Richard Green | Sba & Usda Relationship Manager | 45 | $302,794 |
| Angela Dvorak | Chief Marketing & Growth Officer | 45 | $277,888 |
| Paul Letourneau | Sr Vp Commercial Credit & Specialty Finance (start 03/2024) | 45 | $204,468 |
| Michael London | Chief of Account & Credit Operations (start 04/2024) | 45 | $198,252 |
| Lyndsay Miller | Chief Legal & Risk Officer (start 07/2024) | 45 | $114,398 |
| Vincent Henderson | Chairman | 5 | $52,505 |
| Diane Maas | Treasurer | 5 | $41,169 |
| James Dubois | Secretary | 5 | $40,234 |
| John Myers | Board Member | 5 | $39,975 |
| Thea Kelly | Vice Chairman | 5 | $37,800 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Constellation Digital Partners | Home Banking Platform | $2,172,458 |
| Elevate Technology Partners LLC | Managed It Services | $1,581,523 |
| Adrenaline LLC | Marketing | $795,074 |
| Allied Solution LLC | Insurance | $783,098 |
| Awardco LLC | Employee Awards | $544,914 |
Grants made · $306K in FY2024
1 grant totaling $306K in FY2024. All grants made by Everwise Credit Union →
| Recipient | Purpose | Amount |
|---|---|---|
| Everwise Foundation Inc | The grant is a set funding amount from everwise credit union for community involvement on an annual basis. these funds are then contributed to qualified organizations based on the vision and bylaws of the everwise foundation. | $305,964 |
Frequently asked questions
- Is Everwise Credit Union a legitimate nonprofit?
- Yes. Everwise Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 35-0702986, based in South Bend, Indiana.
- What is Everwise Credit Union's EIN?
- Everwise Credit Union's Employer Identification Number (EIN) is 35-0702986.
- How much revenue does Everwise Credit Union report?
- Everwise Credit Union reported $329,956,987 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Everwise Credit Union's highest-paid employee make?
- The highest reported compensation on Everwise Credit Union's latest Form 990 is $744,495, paid to Jason Osterhage (President & Ceo).
More nonprofits in South Bend
Explore more
Data for Everwise Credit Union (EIN 35-0702986) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.