What is a Credit Union

Banks are owned by shareholders and their main mission is making a profit. Not so for Everwise. Our main mission is making sure everything possible is being done to serve you better.

• Once a credit union covers its operating costs, it returns remaining revenues to its members in the form of lower fees and loan rates and higher returns on savings, money markets, certificates and other Share or savings accounts. At Everwise, we even offer cash back on debit card use.
• Credit unions are led by boards of directors made up of their members. Every Everwise member is a part-owner and, as such, gets to vote for members of the board.
• Because their leadership comes from members of the community, credit unions have a large stake in the well-being of local towns, cities, and counties. They show their commitment by providing business owners with guidance on a wide range of issues; individual members with financial education and literacy programs; and the community at large with resources including grants to non-profit groups and volunteer help for worthwhile local causes.
• To offer better service, credit unions like to build personal relationships with individual members and local businesses. The more Everwise professionals work with you and the more we know about you, the better we can help you succeed financially.
• Even though a credit union is not a bank, your deposits are still federally insured. Account balances of up to $250,000 are protected by the National Credit Union Share Insurance Fund (NCUSIF), an arm of the National Credit Union Association.