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 131st largest credit union in the nation. It was established in 1936 and as of March of 2022, it had grown to 725 employees and 264,882 members at 28 locations. Evansville Teachers Federal Credit Union's CD rates are 67% 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

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.

Name Change

Posted by: |

To: Liberty Financial FCU

The only issue I have is the Equifax credit (soft) pull for application. Totally unnecessary.

Requires Soft Pull On Credit

Posted by: |

Yet another credit union that requires you to unfreeze your credit so they can do a soft pull on it. Not sure why they are requiring time for deposit accounts. I was really interested in moving my HSA and checking to them, but I don't allow pulls on my credit. I asked them on Facebook why they do this and their answer to me was to just delete my comment. Yup, there is some real customer service..

Also, POD accounts are only allowed when the POD is also a member. Strange rules. No Totten Trust either.

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Health

Health Grade Components

Overall
NCUA #1682
Year Chartered1936
Employees725
Primary Regulator
Profit Margin
Return on Assets - YTD1.45%
Return on Equity - YTD14.69%
Annual Interest Income$21.4MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$2.97B$2.61B
LoansQ1 2022vs Q1 2021$2.39B$1.95B
DepositsQ1 2022vs Q1 2021$2.45B$2.12B
Equity CapitalQ1 2022vs Q1 2021$286.2MM$242.4MM
Loan Loss AllowanceQ1 2022vs Q1 2021$4.2MM$5.1MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$1.7MM$2.0MM
Real Estate OwnedQ1 2022vs Q1 2021$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
2.45%$1k-6 Year CD
2.40%$1k-5 Year HSA CD
2.35%$1k-5 Year CD
2.30%$1k-4 Year HSA CD
2.25%$1k-4 Year CD
2.20%$1k-3 Year HSA CD
2.15%$1k-3 Year CD
2.00%$1k-30 Month CD
1.95%$1k-2 Year HSA CD
1.90%$1k-2 Year CD
1.80%$1k-18 Month CD
1.75%$1k-17 Month CD
1.55%$1k-1 Year HSA CD
1.50%$1k-1 Year CD
1.50%$1k-14 Month CD
1.50%--Save to Win 1-Year Certificate
1.25%$1k-8 Month CD
1.00%$1k-6 Month CD
0.35%$1k-3 Month CD

Evansville Teachers Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%$1k-6 Year IRA
2.40%$1k-5 Year IRA
2.30%$1k-4 Year IRA
2.20%$1k-3 Year IRA
2.05%$1k-30 Month IRA
1.95%$1k-2 Year IRA
1.85%$1k-18 Month IRA
1.80%$1k-17 Month IRA
1.55%$1k-1 Year IRA
1.55%$1k-14 Month IRA
1.30%$1k-8 Month IRA
Locations

Availability



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