Evansville Teachers Federal Credit Union has announced plans to change its name in September. ETFCU will change its name to Liberty Federal Credit Union. Founded in 1936 by local educators, the credit union now serves more than 265,000 members with 28 branches in Indiana, Kentucky, and Tennessee.
“We are changing our name to better represent our entire membership,” said Bill Schirmer, ETFCU President and CEO. “However, you can rest assured that we remain the same nationally recognized credit union focused on providing superior value for all your financial needs.”
After reaching $1 billion in assets in 2014, ETFCU surpassed $3 billion in assets on April 30. As it has grown, the credit union has increasingly supported local schools and organizations. In 2021, the credit union returned more than $900,000 through sponsorships, scholarships, and donations.
Similarly, ETFCU has become one of the tristate’s largest employers. Since 2012, the credit union has expanded from a workforce of 160 to 738 employees. More than two-thirds of these jobs are in Evansville.
Schirmer credits the credit union’s success to its commitment to returning superior value to its members. According to Schirmer, this commitment is exemplified in the credit union’s free checking products. In 2021, the credit union returned more than $13 million to members through checking accounts alone.
The increasing payout is due to ETFCU’s free, high-interest Vertical Checking account. The account has received national acclaim from Kiplinger’s Personal Finance, Investopedia, and Newsweek, which named it America’s Best High-Yield Checking Account for 2022.