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Evansville, like the rest of the country, was beginning to recover from the depths of the Depression in the mid-1930s when several teachers decided to pool their savings to generate much-needed loans for their fellow workers and themselves in 1936. The first employee groups to be served by Evansville Teachers Federal Credit Union were the Board of Education and Evansville College in Evansville, Indiana, now known as the Evansville-Vanderburgh School Corporation and the University of Evansville.
Other educational groups in southwestern Indiana were later added to the field of membership, and western Kentucky educational groups were incorporated when the Owensboro Public Schools Federal Credit Union merged with the ETFCU in 1992. Other employment groups and organizations that are unrelated to the educational field have joined in the years that followed so that their employees and members might also benefit from the “People Helping People” philosophy.
In 2016, Evansville Teachers Federal Credit Union acquired Liberty Financial (then First Liberty Financial Mortgage). This acquisition allows Liberty Financial to offer a broader menu of financial services that were not previously available as an independent mortgage banking institution. As a member-owned financial cooperative, ETFCU strives to offer increased value to its members. Liberty Financial fits perfectly within this service focused mindset, now offering more services with the same high level of customer service our clients have become accustomed to receiving. ETFCU is one of the largest credit unions in Indiana.