Everwise Credit Union
Everwise Credit Union is a not-for-profit, member-owned financial institution serving more than 300,000 members across Indiana and southwest Michigan. Originally founded as Teachers Credit Union in 1931, it offers comprehensive banking services including checking and savings accounts, mortgages, loans, credit cards, and business banking solutions.
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Data source: SBA 7(a) FOIA loan-level data, covering activity through June 30, 2026 across the trailing 3 years (12 loan records for this lender). Refreshed quarterly from public loan-level records; figures are not supplied or reviewed by the lender.
Everwise Credit Union ranks #330 of 564 SBA 7(a) lenders nationally by acquisition-loan volume.
Most of Everwise Credit Union’s 7(a) acquisition lending falls in the $4M-$5M range: 6 loans, 50.0% of the portfolio.
| Loan size | Share of loans | Loans | % of portfolio |
|---|---|---|---|
| $0-$500K | 1 | 8.3% | |
| $1M-$2M | 2 | 16.7% | |
| $2M-$3M | 1 | 8.3% | |
| $3M-$4M | 2 | 16.7% | |
| $4M-$5M | 6 | 50.0% |
Industries with highest loan volume
Hotels (except Casino Hotels) and Motels
7
loans
$4.5M
avg. amount
Home Health Care Services
2
loans
$2.5M
avg. amount
Other Commercial and Industrial Machinery and Equipment Rental and Leasing
1
loans
$1.6M
avg. amount
All Other Plastics Product Manufacturing
1
loans
$4.3M
avg. amount
Other Specialized Design Services
1
loans
$150K
avg. amount
10-Year
0.0%
Percentile Ranking
0th percentile
Everwise Credit Union’s median variable rate is + 2.75%, against a market median of Prime + 1.88%, 88 above market.
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 2.50% |
| $1M-$2M | Prime + 2.63% |
| $2M-$3M | Prime + 3.00% |
| $3M-$4M | Prime + 2.63% |
| $4M-$5M | Prime + 2.63% |
Everwise Credit Union has originated 7(a) acquisition loans in 9 states, most actively in Indiana (3), Virginia (2) and Louisiana (1). Darker states on the map carry more volume.
| State | Loans | % of Total |
|---|---|---|
| Indiana | 3 | 25.0% |
| Virginia | 2 | 16.7% |
| Louisiana | 1 | 8.3% |
| South Dakota | 1 | 8.3% |
| North Dakota | 1 | 8.3% |
| Kentucky | 1 | 8.3% |
| Oklahoma | 1 | 8.3% |
| Delaware | 1 | 8.3% |
| Michigan | 1 | 8.3% |
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