Evansville Teachers Federal Credit Union paid out nearly $4 million to its members through consumer checking counts alone in 2018.
The $3,797,732 returned to members through ETFCU’s premier checking accounts represent a 61 percent increase over the 2017 total. That included a return of 3% APY on balances of up to $20,000 for members who use Vertical Checking (up from a maximum of $15,000 in 2017); reward points on debit card purchases plus bonus ScoreCard reward points each month to Platinum Rewards Checking members, who can redeem for brand-name merchandise, travel, gift cards and more; and ATM-fee reimbursement anywhere worldwide up to $15 on both accounts.
“Our mission is to provide the best value for our members,” ETFCU President and CEO Bill Schirmer wrote in a letter to members. “We do this through innovative products and services that provide real benefits on a monthly basis.”
Members received $2,299,956 in interest on Vertical Checking, $1,099,583 in redeemable points for Platinum Rewards Checking, and $393,193 in ATM-fee reimbursements.
ETFCU, which was recognized as Best in State for Banking and Credit Unions by Forbes in 2018, has grown to more than 205,000 members with assets of $1.8 billion. Schirmer was honored with the Indiana Credit Union League’s Professional Achievement Award in 2018, marking a first for an Evansville-based credit union leader.
The credit union operates six offices in Evansville, along with Indiana locations in Fort Branch, Mount Vernon, Newburgh, Princeton and Vincennes, and Kentucky locations in Henderson and Owensboro (2). An office will open in Washington, Indiana, in the spring.
For more information about ETFCU and its programs, go to etfcu.org.