Community, News

ETFCU’s CEO Earns National Award

On June 19, the National Association of Federally Insured Credit Unions named Evansville Teachers Federal Credit Union President and CEO Bill Schirmer its 2019 CEO of the Year. The award honors the nation’s top credit union leader based on his success in fulfilling the credit union mission of serving its members’ financial needs.

Under Bill Schirmer’s leadership, ETFCU introduced its high-interest Vertical Checking in 2015. This free checking account offers members a rate of 3.00% APY—increasing to 3.30% APY on July 1—plus reimbursement for any ATM fees worldwide.1

As the popularity of Vertical Checking has grown, so, too, has the financial return to accountholders. In 2018, ETFCU returned $3.8 million to its members through checking accounts alone. The credit union is on pace to return more than $4.5 million in 2019.

The NAFCU CEO of the Year award acknowledges ETFCU’s impact in the community through Habitat for Humanity, an increased commitment to the United Way of Southwestern Indiana, and substantial involvement with local school systems. Last year, through scholarships, sponsorships, and donations, Evansville Teachers Federal Credit Union returned more than $580,000 to the communities it serves.

Over the past year, Evansville Teachers Federal Credit Union added nearly 15,000 new members to surpass the 200,000-member threshold, now ranking as Indiana’s second largest credit union based on membership. ETFCU again ranked as the Evansville-area’s top mortgage lender by market share, and it increased net worth by $15.2 million. The credit union was recently acknowledged on Forbes’ inaugural list of Best-In-State Banks and Credit Unions.

On behalf of the entire Evansville Teachers Federal Credit Union family, we are proud to acknowledge our President and CEO on this incredible accomplishment.


1Debit card purchases, online and mobile banking logins, and eStatement enrollment calculated by post date. Some requirements apply. ATM transactions do not qualify as debit card purchases. ScoreCard points are not rewarded on purchases from Vertical Checking. ATM fee reimbursement limited to $15 per account per month and is not paid if all requirements are not met. Annual Percentage Yield as of publish date. Rate subject to change. Some requirements apply. Applicable on balances up to $20,000. Dividends not paid on balances over $20,000. No dividend paid if all services are not used or if fewer than 15 debit purchases post in the month. Federally insured by NCUA.