Frequently Asked Questions
What is a credit union?
I already have my accounts somewhere else. Why open a credit union account?
Why should I join Evansville Teachers Federal Credit Union?
How do I join?
How much does it cost to join the credit union?
What services are available?
Can my family join the credit union, too?

Q: What is a credit union?
A: A credit union is a cooperative organization owned entirely by its members and operated for the benefit of all who belong. Credit unions provide a full spectrum of financial services—just like other financial institutions. The difference is that credit unions are not-for-profit organizations whose earnings are passed onto all members in the form of lower loan rates, high savings rates, fewer fees and added or improved services. Back To Top


Q: I already have my accounts somewhere else. Why open a credit union account?
A: We can add real value to your life. You can take care of all your financial needs right at the credit union—from savings, checking and investment plans to loans, credit cards and mortgage options—and you will probably pay less for them, too! The credit union offers 24-hour account access online and by phone. Plus, you can take care of your daily financial needs at one of our convenient branch offices or at more than 2,200 CU Service Centers throughout the United States. Back To Top

Q: Why should I join Evansville Teachers Federal Credit Union?
A: There are many reasons. Here are just a few. ETFCU offers you:
  • Full-service financial convenience: From savings, checking, and investment plans to loans, credit card, and mortgage options. Competitive rates: A credit union typically offers loans at lower rates and pays dividends on savings and checking at higher rates than banks. Safety for your funds: Your accounts are insured up to $100,000 by NCUA, a U.S. government agency. IRA funds are insured for an additional $250,000 by the NCUA. Friendly service: Our number one priority is member satisfaction. We've been providing friendly, personal and reliable service to all of our members since 1936. Convenient locations and 24-hour service online and by phone. Non-traditional services, including a travel agency, real estate agency, and personal property insurance agency.
  • Lifetime membership: Once you open your ETFCU account, you can maintain your finances throughout your life at the credit union—even if you change jobs, move or retire. Back To Top

Q: How do I join?
A: Visit our How to Join Web page for more information. Back To Top

Q: How much does it cost to join the credit union?
A: Nothing! It's free. Simply open your account with a $5 savings account. This represents your share of credit union ownership. As long as your $5 stays on deposit, you're eligible to benefit from any credit union service. But it's always yours to keep. Back To Top

Q: What services are available?
A: Here is just a sample:
  • Savings: Savings, Money Market, Certificate, IRA, & HSA accounts. Checking: Dividend-earning checking, debit/ATM cards, and more. Loans: Auto Loans, Personal Loans, Motorcycle/RV/Boat Loans, and Business Loans. Credit Cards: Visa Classic, Visa Gold & Visa Platinum. Home Loans: Fixed- and Adjustable-Rate Mortgages & Home Equity Options. Investment Services: Financial Planning, Estate Planning, Mutual Funds & Bonds.
  • Convenience Services: Worldwide ATM Service, Free Online Banking & More! Back To Top
Click here for a complete list of services offered.


Q: Can my family join the credit union, too?
A: Yes! That's another advantage to credit union membership. When you become part of the ETFCU family, we invite you to share the credit union benefit with all the members of your family: your spouse, children, stepchildren, siblings, household members, parents and grandparents too. Back To Top