Evansville Teachers Federal Credit Union President and CEO Bill Schirmer was named 2019 CEO of the Year by the National Association of Federally-Insured Credit Unions (NAFCU). He will receive the award Wednesday, June 19, at NAFCU’s annual convention in New Orleans.
NAFCU, an industry association representing the nation’s 5,572 federally chartered credit unions, chose Schirmer based on his success in fulfilling the credit union mission of serving members’ financial needs.
The numbers presented a strong case for Schirmer and Evansville Teachers Federal Credit Union. In 2018, ETFCU:
• Returned more than $3.8 million to members in free checking benefits, including interest, rewards and outside ATM reimbursements.
• Added nearly 15,000 new members to increased total membership to more than 207,000.
• Increased net worth by $15.2 million for total equity of $160 million.
• Grew total assets by $190 million to $1.65 billion.
• Returned more than $580,000 to the communities it serves through scholarships, sponsorships, and donations.
Year-to-date, the credit union is on pace to return more than $4.5 million through checking account benefits in 2019. On July 1, Evansville Teachers Federal Credit Union will further increase the rate of its high-interest Vertical Checking account from 3.00% APY to 3.30% APY.
A Michigan native who now resides in Newburgh with his wife and five children, Bill serves on various community boards, including Habitat for Humanity of Evansville, Junior Achievement of Southwest Indiana, and on the University of Southern Indiana Board of Advisors. He also recently served on the boards for the EVSC Foundation and the HANGERS School Resource Clothing Bank.
Schirmer was the 2018 Indiana Credit Union League Professional of the Year, and he was recently named to a three-year term on the Federal Reserve Bank of St. Louis’ Community Depository Institutions Advisory Council.
ETFCU ranked No. 1 in S&P’s Market Intelligence “Best Performing Credit Unions” among 157 credit unions in Indiana, No. 1 in “Total Return to Member” in Indiana by Callahan & Associates, and No. 29 in SNL’s Best Performing Credit Unions among 5,600 credit unions ranked nationally.
The credit union was recognized by Forbes for 2018 Best-in-State Banks & Credit Unions. It received the Platinum Award for Best Credit Union in the Evansville Courier & Press Readers’ Choice Awards for a sixth consecutive year.
ETFCU’s growth continues. A branch is nearing completion in Washington, Indiana, and a new branch is under construction in Newburgh, Indiana, which will bring the ETFCU branch total to 15. Yet another is in development as a second ETFCU location in Vincennes, Indiana.
In 2016, ETFCU acquired First Liberty Financial, a mortgage-loan company with offices in Kentucky, Tennessee, Alabama and Mississippi. ETFCU rebranded the out-of-market mortgage company as Liberty Financial, a Division of ETFCU. Over the past year, the credit union has established full-service Liberty Financial credit union offices in Franklin, Tennessee; Bowling Green, Kentucky; and two in Louisville, Kentucky. Additional offices are currently under construction in Louisville, Franklin, and Murfreesboro, Tennessee, with others in development in the Greater Nashville and Louisville markets.