November 18, 2023

Everwise makes major investment in new credit union service organization

Everwise Credit Union, formerly known as Teachers Credit Union, is partnering with a Carmel-based company to help found a capital markets solution firm.

The South Bend-based credit union, which has branches in Hammond, Gary, Whiting, St. John, Chesterton, Valparaiso, New Buffalo and Three Oaks, and Carmel-based Allied Solutions both made multimillion dollar investments into Rhyze Solutions LLC, a new credit union service organization that provides capital markets to financial institutions.

The investments will give the fledgling firm the “ability to build and scale the company with an innovative platform that supports a wide range of products and services across multiple asset classes,” Rhyze Co-Founder and President Chelsea Feliciano said.

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Co-Founding Partners

Everwise Credit Union is Indiana’s largest Credit Union with more than $5 billion in assets, over 50 branches throughout Indiana and southwest Michigan, and more than 300,000 members. Everwise offers traditional financial services including checking, savings, mortgages, and credit cards, as well as non-traditional services such as investments. Since its founding in 1931, Everwise has focused on making a positive impact on its members and the community. For more information, visit
Allied Solutions is one of the largest providers of insurance, lending, risk management, and data-driven solutions to financial institutions. Allied Solutions uses technology-based solutions customized to meet the needs of 6,000 clients along with a portfolio of innovative products and services from a wide variety of providers. Allied Solutions is headquartered in Carmel, Indiana, with regional offices in Florida, Minnesota, South Dakota, and Texas. Allied Solutions is a wholly owned and independently operated subsidiary of Securian Financial Group. Visit to learn more.

Who is Rhyze?

Rhyze Solutions, a Credit Union Service Organization (CUSO), is a capital markets company that utilizes loan products, services, and technology to enhance the sources and uses of liquidity to its network of financial institution partners.
1313 N. Market Street
Suite 5100
Wilmington, DE 19801


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