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 151st largest credit union in the nation. It was established in 1936 and as of June of 2020, it had grown to 615 employees and 228,869 members at 7 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

Reviews (7)

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.

Excellent Opening Experience

Posted by: |

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.

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

Posted by: |

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

Posted by: |

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.

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.



Health

Health Grade Components

Overall
NCUA #1682
Year Chartered1936
Employees615
Primary Regulator
Profit Margin
Return on Assets - YTD1.67%
Return on Equity - YTD17.21%
Annual Interest Income$34.3MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$2.15B$1.74B
LoansQ2 2020vs Q2 2019$1.68B$1.32B
DepositsQ2 2020vs Q2 2019$1.69B$1.39B
Equity CapitalQ2 2020vs Q2 2019$198.4MM$170.6MM
Loan Loss AllowanceQ2 2020vs Q2 2019$5.4MM$5.5MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$3.8MM$4.7MM
Real Estate OwnedQ2 2020vs Q2 2019$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
0.31%*$25k*-Money Market Share Accounts
OTHER TIERS: 0.20% $1k - $10k | 0.26% $10k - $25k

Evansville Teachers Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.30%-$20kVertical Checking (Qualifying)
0.26%*$25k*-Investor Checking
OTHER TIERS: 0.15% $1k - $10k | 0.21% $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
1.30%$1k-6 Year CD
1.30%$1k-5 Year HSA CD
1.25%$1k-5 Year CD
1.25%$1k-4 Year HSA CD
1.20%$1k-4 Year CD
1.20%$1k-3 Year HSA CD
1.15%$1k-3 Year CD
1.10%$1k-30 Month CD
1.10%$1k-2 Year HSA CD
1.04%$1k-2 Year CD
0.90%$1k-18 Month CD
0.90%$1k-17 Month CD
0.85%$1k-14 Month CD
0.85%$1k-1 Year HSA CD
0.80%$1k-1 Year CD
0.80%--Save to Win 1-Year Certificate
0.65%$1k-6 Month CD
0.50%$1k-8 Month CD
0.40%$1k-3 Month CD

Evansville Teachers Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.35%$1k-6 Year IRA
1.30%$1k-5 Year IRA
1.25%$1k-4 Year IRA
1.20%$1k-3 Year IRA
1.15%$1k-30 Month IRA
1.10%$1k-2 Year IRA
0.95%$1k-18 Month IRA
0.95%$1k-17 Month IRA
0.90%$1k-14 Month IRA
0.85%$1k-1 Year IRA
0.55%$1k-8 Month IRA
Locations


Evansville Teachers Federal Credit Union Locations
Branch Office4905 University DrEvansville, IN 47712-6587
Branch Office2820 N York StOwensboro, KY 42301-3344
Branch Office1100 W Buena Vista RdEvansville, IN 47710-5190
Branch Office405 E 4th StMount Vernon, IN 47620-1912
Branch Office4401 Theater DrEvansville, IN 47715-1967
Branch Office1395 Hart StVincennes, IN 47591-4631
Branch Office1900 Hirschland RoadEvansville, IN 47716

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