Evansville Teachers Federal Credit Union has been acknowledged on the inaugural Forbes list of Best-In-State Banks and Credit Unions released on Thursday. The list ranks financial institutions nationwide based on survey results of overall satisfaction, as well as other areas such as digital services, branch services, and financial advice.
Forbes partnered with market research firm Statista to produce the list, which recognized only 2.4% of U.S. financial institutions. ETFCU was recognized in Indiana as Best-In-State. It is the only locally headquartered bank or credit union on the list.
Evansville Teachers Federal Credit Union has gained industry attention for its successes in recent years. The credit union has led the Evansville area in mortgage market share since 2015. In 2017, ETFCU’s credit card growth rate ranked third nationally among the largest credit unions. Most significantly, ETFCU continues to attract increased local interest in its popular Vertical Checking account, the credit union’s flagship deposit product. Vertical Checking offers members a high rate of 3.00% APY, as well as the reimbursement of fees charged at any ATM worldwide.
ETFCU currently operates 14 full-service retail offices, including six in Evansville. The organization has plans to add seven new offices in the area and throughout the region within the coming year.