Evansville Teachers Federal Credit Union is headquartered in Evansville and is the 3rd largest credit union in the state of Indiana. It is also the 136th largest credit union in the nation. It was established in 1936 and as of June of 2021, it had grown to 716 employees and 249,783 members at 26 locations. Evansville Teachers Federal Credit Union has an A health rating.
Field of Membership Restrictions
Membership in Evansville Teachers Federal Credit Union is open to anyone through making a $5 donation to Mater Dei Friends & Alumni Association. Membership is also open to employees of Evansville Teachers Association, Evansville Museum, Gibson County, and over 200 area Select Employer Groups.
See current membership details
Excellent Opening Experience
After reading many reviews and @csmith77 I opened with Evansville Teachers FCU and it was very easy to open online with docusign for signing documents Received a online confirmation of approval and what to expect and a number to contact if I had questions.
Following day I decided to call to get some questions and during that call was able to get member information after validating my and wife's info. With login details.
Very friendly representative. She stated for first few months there are limitations on Remote Mobile deposits and external ACH in and out. Can be higher by calling back in a few months.
Initial limits:
Mobile Deposits:
3k daily, 7k weekly, and 15k monthly
ACH IN
4k daily, 4k weekly, and 10k monthly
ACH Out
2k daily, 2k weekly, and 5k monthly
She stated that I can go to another Credit Union with my member # and use full services and deposit money without limitations. She offered to find my nearest Credit Union that would allow me do that. There was a credit union 6 miles away that I could do full services to make deposits, withdrawals, etc. Very nice.
Again, very friendly experience and look forward to doing business with them.
Excellent Opening Experience
I recently opened a new rewards checking account with Evansville Teachers FCU and was amazed at the speed and professional quality of the sign on process. They used a Docusign program to sign the required document. I was approved and able to sign on to the on-line banking program all on the same day. I only needed to call CS to get my on-line banking initial logon and password. The customer service was excellent.
Excellent Credit Union
Vertical Checking is both profitable (high rate) and modern (in technology and gadget for status of meeting monthly requirement).
The only issue I had was the Equifax-only credit check in addition to ChexSystems verification. No flexibility with other TU or Experian credit bureaus.
One has to be vigilant to access their site monthly as one of the monthly requirements.
Evansville Teachers Federal Credit Union
I continue to get disappointed by Evansville teachers federal credit Union I've been a member for at least 6 years I attempted to apply for an auto loan today after being told I could not I will get that representative name soon,called the 2nd time and representative assisted me very professional. Seems that I have received some sort of prejudice from the misleading 1st representative I was told they used TransUnion too to consider an approval p my score is in the high 6 hundreds hundreds and when they ran my score they said it was in the low 6 hundreds My scores updated using their app as well so how they pulled a different score that's not TransUnion I don't know TransUnion 679 they said 619 TransUnion it's robbery and misleading utterly disgusting.
Data as of Q2 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 1682 |
| Year Chartered | 1936 |
| Employees | 716 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.41% |
| Return on Equity - YTD | 24.64% |
| Annual Interest Income | $38.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2021vs Q2 2020 | $2.64B$2.15B |
| Loans | Q2 2021vs Q2 2020 | $2.00B$1.68B |
| Deposits | Q2 2021vs Q2 2020 | $2.16B$1.69B |
| Equity Capital | Q2 2021vs Q2 2020 | $256.7MM$198.4MM |
| Secondary Capital | Q2 2021vs Q2 2020 | $10.0MM |
| Loan Loss Allowance | Q2 2021vs Q2 2020 | $4.8MM$5.4MM |
| Unbacked Noncurrent Loans | Q2 2021vs Q2 2020 | $1.6MM$3.8MM |
| Real Estate Owned | Q2 2021vs Q2 2020 | $0$0 |
