EVSC, ETFCU Agreement to Benefit Public Customized VISA Debit Cards to be Offered

The EVSC Board of School Trustees approved an agreement between the Evansville Teachers Federal Credit Union and the EVSC that will give the school corporation a revenue generating opportunity through the use of customized VISA debit cards. The cards, which will be available mid-August, feature each of the EVSC’s four-year high schools – Bosse, Central, Harrison, North, Reitz and New Tech Institute – as well as one for the Evansville Vanderburgh School Corporation.

“We are excited to have this opportunity for our alumni, our employees and our parents. This is a great way to support our schools and display pride in one’s alma mater,” said EVSC Superintendent David Smith. “We value this opportunity with ETFCU.”

The agreement will provide an additional revenue source for EVSC and allow alumni, employees and parents the opportunity to select a school-branded debit card for their use. ETFCU will share the revenue from the sales generated when using the school-branded debit card. Based on projected card adoption and usage, substantial earnings could be produced for the EVSC. The funding produced for the EVSC will be assigned to EVSC Foundation for processing and will be used for a variety of purposes, including operating expenses, EVSC programs and more. In addition, a percentage of the revenue generated will go to EVSC schools for discretionary use.

“Evansville Teachers Federal Credit Union is pleased to offer this new program that will provide additional funding to the EVSC Foundation to continue to expand its educational efforts,” reported Bill Schirmer, ETFCU’s President and CEO. “We are proud to serve the needs of EVSC and our community.”

The debit cards will be available at no cost with any ETFCU checking account. There are a variety of checking accounts available including those that have no monthly fee and pay dividends (interest) to the user. The funds on deposit are federally insured by the National Credit Union Administration.

The cards are designed to capture the school spirit and pride of alumni of each high school, as well as current parents of students in the EVSC. The credit union’s debit cardholders earn points on their debit card transactions for which they sign, and those points can be redeemed for merchandise, travel, gift cards, or cash back.

ETFCU has been in operation since 1936. The credit union has had a long partnership with EVSC. The Board of Education (now known as Evansville Vanderburgh School Corporation) was one of ETFCU’s two original charter groups. In addition to serving EVSC’s employees, it now provides products and services to the student body and their family and household members.

Those interested may apply for an account and school-branded debit card online beginning in mid-August at www.etfcu.org/join or by visiting any ETFCU office location. ETFCU locations, office hours, and other credit union information are available online at www.etfcu.org.

The EVSC Office of Development partners with individuals and businesses to raise funds to meet the greatest needs of EVSC programs, schools, and students. EVSC Foundation receives and processes donations generated by the EVSC Office of Development for EVSC programs, activities and needs. EVSC Foundation is a separate 501(c)(3) not-for-profit corporation.

ETFCU is the largest credit union in the tristate with assets exceeding $893 million and more than 66,000 members. The credit union has 10 office locations, and is the 7th largest credit union in Indiana.