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 Evansville Teachers Federal Credit Union in 1992. Other employment groups and organizations that are unrelated to the educational field 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 allowed 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 their clients have become accustomed to receiving.
Evansville Teachers Federal Credit Union is one of the largest credit unions in Indiana and continues to thrive. Much of the success of the institution is due to the scores of volunteers who have served on the credit union’s Board of Directors and Supervisory Committee, the management, the dedicated staff, and especially the members who entrust their financial affairs to ETFCU.
Calhoun Construction is overseeing the revitalization of the northwest corner of the busy intersection of Hwy 146 and Hwy 329 in Crestwood. Serving as general contractor, Calhoun is responsible for abatement and demolition of the existing 4 buildings on the project site prior to construction of a new 6000 sf Liberty Financial banking institution. The structure consists of structural steel and cold form framing to support a standing seam metal roof with brick and precast façade with Eifs and GRFG accents. One of the highlights is the Velux skylight which baths the interior lobby with natural light to create a warm and welcoming environment. Construction started March 2021 and will be complete in October of 2021.