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 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

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.

Excellent Credit Union

Posted by: |

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

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.

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Health

Health Grade Components

Overall
NCUA #1682
Year Chartered1936
Employees716
Primary Regulator
Profit Margin
Return on Assets - YTD2.41%
Return on Equity - YTD24.64%
Annual Interest Income$38.5MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$2.64B$2.15B
LoansQ2 2021vs Q2 2020$2.00B$1.68B
DepositsQ2 2021vs Q2 2020$2.16B$1.69B
Equity CapitalQ2 2021vs Q2 2020$256.7MM$198.4MM
Secondary CapitalQ2 2021vs Q2 2020$10.0MM
Loan Loss AllowanceQ2 2021vs Q2 2020$4.8MM$5.4MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$1.6MM$3.8MM
Real Estate OwnedQ2 2021vs Q2 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
0.31%*$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
1.15%$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%$1k-8 Month CD
0.55%--Save to Win 1-Year Certificate
0.50%$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
0.60%$1k-8 Month IRA
Locations

Availability



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