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 have joined in the years that followed so that their employees and members might also benefit from the “People Helping People” philosophy.
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.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
The drum of the realization of the promise is beating, we are sweeping the road to the sky. Your joy is here today, what remains for tomorrow? The armies of the day have chased the army of the night...
NMLS 1795154