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 158th largest credit union in the nation. It was established in 1936 and as of December of 2019, it had grown to 599 employees and 219,263 members at 8 locations. Evansville Teachers Federal Credit Union's CD rates are 22% higher than the national average, and it 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
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Tech-savvy and Friendly Credit Union
I've been with ETFCU for a little over a year now since moving to the area and I've been very impressed with their services as my credit union. The staff is always friendly, there are several convenient locations, and I like the products they offer. I have a savings and checking account with them. It's always easy to go into a branch and deposit or withdraw money from the tellers but they also offer smart teller stations where you're connected to a live teller via camera which is great. The ATM accepts cash and counts it in real time for added convenience. Their mobile app is also great to see current balances and make transfers between accounts. I've been very pleased with my credit union.
Love My Credit Union
I've been banking with Evansville Teachers Federal Credit Union since January of 2017. I have used several credit unions in the past when I lived out of state but this one has been the best by far. Their Vertical Checking account provides an awesome 3.00% APY and they also provide cashback offers for different restaurants and merchants around town. Their customer service is top-notch and I genuinely enjoy using their services. Their new home office is beautifully built and they seem to be concerned with making sure they have the most recent technology as well as a modern design and comfortable surroundings. The customer service representatives were very helpful and friendly when setting up my most recent checking account and making changes to my current account. I'm so glad to have found ETFCU and I hope to remain a member for many years to come.
ETFCU is a good choice
We have a savings account here at this credit union. Our initial visit to set up an account was kind of long. It was on a Friday and the tellers were more interested in chit chatting than getting us in quickly. They did apologize for our wait and offered a drink and snack. We set up our account with no issues. We have part of our paychecks directly deposited into that savings account each payday and we have never had any issues. They have been very good about sending us account updates and changes made for customers. I prefer to do all my banking here!
Mortgage Deception.
This credit union executed a refinance for my husband at the time and falsified documents during the closing. My signature was added to the promissory note for the debt and therefore they sued me for foreclosure. From 2013 until currently I have been lied to and mislead numerous times by both credit union staff and the attorney for ETFCU regarding my status as account holder and have omitted documents from my view. To date the balance of their falsified fiasco is $121.000 for a 64 k mortgage that isn't mine. More than anything is the waste if my time and sanity trying to defend myself. It's a six year nightmare and promises to continue.
Closed My Account Due To A Couple “Suspicious” Transactions.
I had a checking account open with them for about two years frequently able to make external transfers in and out of my account with out an issue. Recently two pull transaction would not go through because they for whatever reason could not verify the my external accounts. They then contacted me and told me they would have to close the account and did not give me the option to work with them to help with the verification process. The risk management team is obviously too risk averse which doesn’t help anyone.
Data as of Q4 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 1682 |
| Year Chartered | 1936 |
| Employees | 599 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.13% |
| Return on Equity - YTD | 11.41% |
| Annual Interest Income | $64.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $1.85B$1.65B |
| Loans | Q4 2019vs Q4 2018 | $1.48B$1.32B |
| Deposits | Q4 2019vs Q4 2018 | $1.46B$1.29B |
| Equity Capital | Q4 2019vs Q4 2018 | $180.7MM$159.1MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $5.4MM$5.8MM |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $3.9MM$5.3MM |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$249.00K |