Nonprofit · EIN 35-0702986
EVERWISE CREDIT UNION
Tax-exempt · SOUTH BEND, IN 46601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $329,956,987 | $301,285,359 | $28,671,628 | $5,252,696,962 | $4,834,557,480 | $418,139,482 |
| December 31, 2023 | 990 | $286,472,569 | $252,322,312 | $34,150,257 | $5,173,106,431 | $4,796,733,886 | $376,372,545 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $293,605,846
- Investment income
- $35,525,158
- Net rental income
- $231,956
- Net gain from sales of assets
- $5,633,881
- Other revenue
- $825,983
Expenses
- Grants and similar amounts paid
- $305,964
- Compensation of officers, directors and key employees
- $4,316,318
- Other salaries and wages
- $53,626,343
- Salaries, compensation and benefits (total)
- $74,515,321
- Professional fundraising fees
- $0
- Legal fees
- $570,747
- Accounting fees
- $381,623
- Occupancy
- $6,431,399
- Travel
- $377,332
- Depreciation
- $8,638,378
Balance sheet and other
- Total assets, start of year
- $5,173,106,431
- Total assets, end of year
- $5,252,696,962
- Total liabilities, end of year
- $4,834,557,480
- Net assets, end of year
- $418,139,482
- Land, buildings and equipment
- $76,499,285
- Publicly traded securities
- $686,564,203
- Gross unrelated business income
- $620,153
- Gross receipts
- $329,956,987
- Employees
- 1,055
- Volunteers
- 0
- Year formed
- 1931
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jason Osterhage | President & CEO Officer | 45 | $744,495 | $48,576 |
| Waylon Peterson | President, Everwise Wealth Management Officer | 45 | $445,432 | $87,734 |
| Daniel Woodhouse | Financial Advisor III Highest-paid employee | 45 | $430,619 | $50,426 |
| Todd Brown | Chief Financial Officer Officer | 45 | $376,380 | $62,728 |
| Nicole Alcorn | VP, Chief Member Experience Officer Highest-paid employee | 45 | $398,828 | $35,647 |
| Randall Tarter | Financial Advisor III Highest-paid employee | 45 | $407,524 | $25,015 |
| Nancy Engelmann | Chief Human Resources Officer Officer | 45 | $364,090 | $65,115 |
| Norman Buchanan | Chief Strategic Bus. Transformation Officer Officer | 45 | $328,712 | $76,612 |
| Victoria Partaker | Mortgage Sales Manager Highest-paid employee | 45 | $363,479 | $37,268 |
| Daniel Rousseve | Chief Information Officer Officer | 45 | $345,998 | $50,553 |
| RICHARD GREEN | SBA & USDA RELATIONSHIP MANAGER Highest-paid employee | 45 | $302,794 | $46,027 |
| ANGELA DVORAK | CHIEF MARKETING & GROWTH OFFICER Officer | 45 | $277,888 | $34,784 |
| PAUL LETOURNEAU | SR VP COMMERCIAL CREDIT & SPECIALTY FINANCE (START 03/2024) Officer | 45 | $204,468 | $29,077 |
| MICHAEL LONDON | CHIEF OF ACCOUNT & CREDIT OPERATIONS (START 04/2024) Officer | 45 | $198,252 | $29,203 |
| LYNDSAY MILLER | CHIEF LEGAL & RISK OFFICER (START 07/2024) Officer | 45 | $114,398 | $19,603 |
9 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Vincent Henderson | Chairman Trustee or director, Officer | 5 | $52,505 | $8,720 |
| John Myers | Board member Trustee or director | 5 | $39,975 | $8,113 |
| Diane Maas | Treasurer Trustee or director, Officer | 5 | $41,169 | $6,747 |
| James Dubois | Secretary Trustee or director, Officer | 5 | $40,234 | $6,824 |
| Shirley Golichowski | Board member Trustee or director | 5 | $36,900 | $9,183 |
| Thea Kelly | Vice Chairman Trustee or director, Officer | 5 | $37,800 | $6,824 |
| David Aranowski | Assistant Treasurer Trustee or director, Officer | 5 | $36,000 | $4,635 |
| Jackie Morales | Assistant Secretary Trustee or director, Officer | 5 | $36,000 | $4,621 |
| Arthur Vasquez | Board Member (STARTED 05/2024) Trustee or director | 5 | $32,700 | $3,270 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jason Osterhage | CEO Officer | 45 | $1,149,164 | $45,760 |
| Waylon Peterson | President, Everwise Investment Services Officer | 45 | $567,030 | $49,951 |
| Todd Brown | SVP Chief Financial Officer Officer | 45 | $531,894 | $50,260 |
| Daniel Rousseve | SVP Chief Information Officer Officer | 45 | $443,173 | $40,939 |
| Daniel Woodhouse | Financial Advisor III Highest-paid employee | 45 | $372,126 | $42,310 |
| Chad Douglass | SVP Chief Lending Officer ended 10/31/2023 Officer | 45 | $335,987 | $46,735 |
| Victoria Partaker | Mortgage Sales Manager Highest-paid employee | 45 | $349,176 | $32,378 |
| Randall Tarter | Financial Advisor III Highest-paid employee | 45 | $318,814 | $42,408 |
| Jeneen L Crane | Vice President Highest-paid employee | 45 | $281,972 | $38,322 |
| Nicole Alcorn | Chief Member Experience Officer Officer | 45 | $262,000 | $32,256 |
| Angela L Zimski | Mortgage Loan Originator Highest-paid employee | 45 | $252,753 | $29,438 |
| Vince Henderson | Chairman Trustee or director, Officer | 5 | $53,664 | $8,421 |
| Diane Maas | Treasurer Trustee or director, Officer | 5 | $44,720 | $6,635 |
| Shirley Golichowski | Assistant Secretary Trustee or director, Officer | 5 | $40,200 | $8,907 |
| John Myers | Secretary Trustee or director, Officer | 5 | $41,100 | $8,004 |
| Jim Dubois | Board Member Trustee or director | 5 | $41,400 | $6,535 |
| Thea Kelly | Vice Chair Trustee or director, Officer | 5 | $40,800 | $6,701 |
| David Aranowski | Board Member Trustee or director | 5 | $39,600 | $4,729 |
| Jackie Morales | Board Member Trustee or director | 5 | $35,700 | $4,344 |
Address and contacts
- Address (IRS master file)
- 110 S MAIN ST, SOUTH BEND, IN 46601-1805
- In care of
- % SHERRY LENOX
- Principal officer (990 for 2024)
- Todd Brown, 110 SOUTH MAIN STREET, SOUTH BEND, IN 46601
- Signed the 990
- Todd Brown, CFO
- Phone
- (574) 232-8012
- Website
- www.everwisecu.com
- Return prepared by
- Forvis Mazars LLP
Mission
State Chartered Credit Union
Program accomplishments
- In 2024, we continued our dedication to empowering our members and fostering a first-class workplace for our employees. We acquired land for two new branches in Hamilton County to expand our presence in central Indiana and introduced four Employee Resource Groups to provide our employees with professional development, leadership opportunities, and internal networking. 2024 marked our first full year as Everwise Credit Union, celebrating the completion of our re-founding journey. Despite a volatile and challenging environment for the banking industry, Everwise remained resilient and operated profitably. Deposits grew by 9.98%, loans outstanding increased 2.61%, and net income was $28.67 million. Through Everwise and the Everwise Foundation, we contributed over $900,000 to various organizations, with more than 600 dedicated employees volunteering at 45 non-profit locations throughout our markets.Expenses $301,285,359 · grants $305,964 · revenue $329,956,987
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 35-0702986
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1969
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $5,252,696,962
- Income (IRS master file)
- $329,956,987
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $329,956,987 | $301,285,359 | $5,252,696,962 | XML |
| 990 | December 2023 | $286,472,569 | $252,322,312 | $5,173,106,431 | XML |
| 990 | December 2022 | $234,639,519 | $175,893,067 | $4,871,999,188 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-0702986).
Questions about EVERWISE CREDIT UNION
- What is the EIN of EVERWISE CREDIT UNION?
- The employer identification number (EIN) of EVERWISE CREDIT UNION is 35-0702986.
- Is EVERWISE CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1969.
- Are donations to EVERWISE CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does EVERWISE CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of EVERWISE CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did EVERWISE CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of EVERWISE CREDIT UNION?
- The 990 for the year ended December 31, 2024 names Todd Brown.
- Who are the officers and directors of EVERWISE CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 24 people; 24 received compensation from the organization, the highest $744,495 (Jason Osterhage, President & CEO).
- How much revenue does EVERWISE CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $329,956,987, expenses of $301,285,359 and total assets of $5,252,696,962 at year end.
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