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
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
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
To: Liberty Financial FCU
The only issue I have is the Equifax credit (soft) pull for application. Totally unnecessary.
Requires Soft Pull On Credit
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.
Data as of Q1 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 1682 |
| Year Chartered | 1936 |
| Employees | 725 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.45% |
| Return on Equity - YTD | 14.69% |
| Annual Interest Income | $21.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2022vs Q1 2021 | $2.97B$2.61B |
| Loans | Q1 2022vs Q1 2021 | $2.39B$1.95B |
| Deposits | Q1 2022vs Q1 2021 | $2.45B$2.12B |
| Equity Capital | Q1 2022vs Q1 2021 | $286.2MM$242.4MM |
| Loan Loss Allowance | Q1 2022vs Q1 2021 | $4.2MM$5.1MM |
| Unbacked Noncurrent Loans | Q1 2022vs Q1 2021 | $1.7MM$2.0MM |
| Real Estate Owned | Q1 2022vs Q1 2021 | $0$0 |
