Evansville Teachers FCU Surpasses $500 Million in Assets

EVANSVILLE, Ind. – From its humble beginnings in 1936, Evansville Teachers FCU has grown to surpass the $500 million in assets mark. The credit union said the milestone was achieved in large part due to "phenomenal growth" in recent years. In 2004, assets increased $54 million and as of June 2005, membership had grown to 44,000. ETFCU said it is only the seventh Indiana credit union to surpass one-half billion dollars in assets. Chartered in 1936, it now has 160 employees and nine branches.