Evansville Teachers Federal Credit Union


Overview / Commentary
812-477-9271
4401 Theater Dr
Evansville, IN 47715

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 133rd largest credit union in the nation. It was established in 1936 and as of September of 2021, it had grown to 710 employees and 256,191 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

Posted by: |

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.

Great Credit Union But Not Perfect

Posted by: |

We switched over 3 years ago because of the 3.3% interest rate they pay on checking account. We make more money on this than we ever could on any savings or other checking accounts. For just a direct deposit monthly and 15 swipes of your card you will receive that rate.
Also contacting them for any small issues is easy and friendly.

We also did a refi with them in summer on 2020 which started in april and finally closed in July of 20 which seemed excessively long. No issues with payments or anything else. However this year when refi rates dropped again they had a program to allow you to modify your rate except they said ours did not qualify! So sadly we had leave them for another company and a .6% drop in rate.

Evansville Teachers Federal Credit Union

Posted by: |

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.

Closed My Account Due To A Couple “Suspicious” Transactions.

Posted by: |

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.

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Health

Health Grade Components

Overall
NCUA #1682
Year Chartered1936
Employees710
Primary Regulator
Profit Margin
Return on Assets - YTD2.17%
Return on Equity - YTD21.72%
Annual Interest Income$58.6MM
Assets and Liabilities
AssetsQ3 2021vs Q3 2020$2.75B$2.25B
LoansQ3 2021vs Q3 2020$2.12B$1.74B
DepositsQ3 2021vs Q3 2020$2.25B$1.77B
Equity CapitalQ3 2021vs Q3 2020$269.0MM$211.1MM
Secondary CapitalQ3 2021vs Q3 2020$10.0MM
Loan Loss AllowanceQ3 2021vs Q3 2020$4.6MM$5.3MM
Unbacked Noncurrent LoansQ3 2021vs Q3 2020$1.2MM$2.1MM
Real Estate OwnedQ3 2021vs Q3 2020$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Evansville Teachers Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Evansville Teachers Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.01%$500-Health Savings Checking
0.25%$500-IRA Share Account
0.05%$200-Regular Shares
0.05%$200-Special Shares
0.05%$200-Christmas Club
0.05%$200-Vacation Club

Evansville Teachers Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.27%*$25k*-Money Market Share Accounts
OTHER TIERS: 0.20% $1k - $10k | 0.23% $10k - $25k

Evansville Teachers Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.30%-$20kVertical Checking (Qualifying)
0.22%*$25k*-Investor Checking
OTHER TIERS: 0.15% $1k - $10k | 0.18% $10k - $25k
0.01%$1k-Business Dividend Checking
0.01%$500-Classic Checking
0.01%$500-Platinum Rewards Checking
0.01%$500-Classic Debit Checking

Evansville Teachers Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.15%$1k-6 Year CD
1.10%$1k-5 Year HSA CD
1.05%$1k-5 Year CD
1.05%$1k-4 Year HSA CD
1.00%$1k-4 Year CD
1.00%$1k-3 Year HSA CD
0.95%$1k-3 Year CD
0.90%$1k-30 Month CD
0.85%$1k-2 Year HSA CD
0.80%$1k-2 Year CD
0.70%$1k-18 Month CD
0.70%$1k-17 Month CD
0.65%$1k-14 Month CD
0.60%$1k-1 Year HSA CD
0.55%$1k-1 Year CD
0.55%--Save to Win 1-Year Certificate
0.50%$1k-8 Month CD
0.45%$1k-6 Month CD
0.35%$1k-3 Month CD

Evansville Teachers Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.20%$1k-6 Year IRA
1.10%$1k-5 Year IRA
1.05%$1k-4 Year IRA
1.00%$1k-3 Year IRA
0.95%$1k-30 Month IRA
0.85%$1k-2 Year IRA
0.75%$1k-18 Month IRA
0.75%$1k-17 Month IRA
0.70%$1k-14 Month IRA
0.60%$1k-1 Year IRA
0.55%$1k-8 Month IRA
Locations

Availability



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