EXCELLENCE IN MORTGAGE LENDING
OUR MISSION
To provide financial products and services with the greatest financial return to the membership.
MORTGAGE
NUMBERS
TO KNOW
*as of 2024
14.5
AVERAGE DAYS CLEARED TO CLOSE
4,589 TOTAL MORTGAGES CLOSED
MORTGAGE SUPPORT SERVICES
Liberty FCU offers specialized in-house services to help you maximize every lending opportunity
CREDIT REPAIR TEAM
Liberty FCU credit repair specialists turn denials into approvals. In 2024 alone, this team helped accounted for an additional $66.5 million in mortgage volume.
IN-HOUSE TRAINING
The credit union’s mortgage training team is dedicated to keeping you ahead of the curve on any new products, updated technologies, or compliancerelated changes.
TOTAL EXPERT CRM/CMS AND NCINO ONLINE APPLICATION SYSTEM
Our marketing department works closely with Mortgage Lending to meet our team’s communication needs — including robust automation systems to streamline many routine interactions.
WHAT MAKES US A GREAT MORTGAGE COMPANY
Senior leaders that understand the mortgage business
A company with strong assets — LFCU is $4.22 billion company
A company with a strong mortgage servicing base — LFCU has over 28,000 mortgages for ~$5.06 billion in servicing
Broad mortgage product menu
A company with a strong/positive reputation — Credit Union of the Year 2023
“In the game” pricing on a consistent basis
Acknowledged federal charter allows us to lend in all 50 states (some restrictions apply)
A culture of professionalism, high character, and a customer/memberfirst mentality
Career path opportunities
Portfolio programs where applicable
Senior leaders that value growth
Exceptional operations team
Strong CRM platform and marketing
Competitive compensation and benefits
EMPLOYEE
BENEFITS
At Liberty FCU we offer a comprehensive benefit package to full-time employees
FINANCIAL BENEFITS
401(k) retirement program with matching funds
Incentive compensation or bonus opportunities
HEALTH/WELLNESS BENEFITS
Medical Insurance
Dental Insurance
Vision Insurance
Voluntary Supplemental Products
Flexible Benefits Plan (FSA)
PAID TIME OFF BENEFITS
Paid Vacation Days
12 Paid Holidays
7 Sick Days & 3 Personal Days Annually
Birthday Holiday
ADDITIONAL EMPLOYEE BENEFITS
Employer paid Group Term Life
Insurance, Short-Term and Long-Term
Disability Insurance
Tuition Reimbursement Program
Free Checks
Staff Training and Recognition Programs
The credit union is an equal opportunity employer and seeks talented, motivated employees who will professionally represent our company. Liberty FCU believes in giving employees the opportunities to learn, grow, and succeed.
PROGRAMS OUR POPULAR
CONSTRUCTION LOAN ¹
• Convenient one-time close
• 12-month construction period
• Down payment as low as 5% up to $1,000,000 loan
• Terms up to 30 years and jumbo financing options
USDA RURAL HOUSING
• $0 down – 100% financing available
• Small towns, suburbs, and exurbs of major cities qualify
• Competitive interest rates
• Down payments as low as 3.5%
• More lenient requirements for income and credit history
• Gifts are allowed for down payment and closing costs
COMMUNITY
• Available to teachers, nurses, first-responders and other community heroes*
• 100% Financing
• Fixed rate terms of 15, 20, and 30 years available
RENOVATION LOAN
• Requires only 3% down payment
• $2,500 down payment grant may be available1
• Down payment can be a gift from a relative
• Finance up to 95% of appraisal value subject to the home improvements
• For loan amounts up to $806,500 or less1
• Primary residence and 1-unit single family dwellings
VA LOAN
• Available with no down payment
• Fixed-rates available at terms up to 30 years
• No monthly PMI
CONDO LOAN
• Down payments as low as 5%
• Available for purchase or refinance
FANNIE MAE HOME READY
• Requires only 3% down payment
• Down payment can be a gift from a relative
• Do not have to be a first-time home buyer
TOTAL MEMBERS 253,527
REAL ESTATE LENDING: $954.6 MILLION TOTAL LOANS SERVICED: $7.1 BILLION
TOTAL EMPLOYEES: 836 TOTAL LENDING $1.6 BILLION
TOTAL ASSETS: $4.22 BILLION TOTAL MORTGAGE LOANS SERVICED: $5.06 BILLION
HISTORY
1936
Employees of the Board of Education (now Evansville Vanderburgh School Corporation) and Evansville College (now University of Evansville) establish Evansville Teachers Federal Credit Union. It originally operates from the manager’s classroom at Central High School.
1950s
Operations relocate to a closet at Bosse High School in 1954. In 1961, Ted Hitch assumes the role of president. As business increases, the credit union installs its first telephone in 1962.
1970s
In 1976, the credit union surpasses $10 million in assets. Two years later, it begins offering certificates.
1990s
Assets reach $100 million in 1990 as Mike Phipps takes the reins as president. ETFCU adds branches in Evansville, Newburgh, and Owensboro to serve its growing membership.
In 1998, the Federal Credit Union Act is amended to allow credit unions to expand their fields of membership
2010s
The credit union begins the decade with more than 50,000 members and nearly $800 million in assets. In 2012, the board of directors hires Bill Schirmer as president. Schirmer integrates numerous innovative products and services. The credit union expands its branch footprint to serve members in Evansville and neighboring communities, along with Louisville, Bowling Green, and the Greater Nashville area.
2022
ETFCU changes its name to Liberty Federal Credit Union to be more inclusive to its expanding regional membership. It operates 28 branches in three states, serving more than 250,000 members with $3 billion in assets.
EXCEPTIONAL PERFORMANCE
Ranked 34th out of 4,800 credit unions nationally in the SNL Financial list of Best Performing Credit Unions of 2023
NATIONALLY RANKED IN MORTGAGE
Ranked 26th by the American Credit Union Mortgage Association among all credit unions nationally—and fourth in the Midwest—in first mortgage originations in 2024
COMMUNITY FOCUSED
Received 2019 Dora Maxwell Award from the Credit Union National Association in recognition as the nation’s top credit union for social responsibility and community service
AWARD-WINNING CHECKING
Named by Investopedia as America’s Best Credit Union for Checking in 2024 in honor of our free, high-interest Vertical Checking account
COMMITTED TO RETURNING VALUE
Ranked sixth nationally in our peer group in Callahan & Associates’ Total Return to Member for 2023
CREDIT UNION OF THE YEAR
Honored by the National Association of Federally Insured Credit Unions as 2023 National Credit Union of the Year in recognition of our credit union’s returned value, financial performance, and community involvement
BILL SCHIRMER
PRESIDENT AND CEO
Born and raised in Michigan, Bill served as Executive Vice President at Lake Michigan Credit Union before accepting the position of President and CEO at Liberty Federal Credit Union in 2012. Under his leadership, the credit union has reached new heights with nearly five hundred percent growth in both membership and asset size, making Liberty FCU one of the nation’s largest and fastest-growing credit unions. During that time, Bill has received accolades at the local, state, and national levels, including being named CEO of the Year in 2019 by the National Association of Federally Insured Credit Unions.
JEFFREY
SKELIN
MORTGAGE
MANAGER OF SOUTHEAST
DIVISION
Jeffrey is instrumental in expanding Liberty FCU’s footprint throughout Florida, focusing on both business growth and talent acquisition. He actively recruits top-tier mortgage loan officers to join Liberty FCU’s growing team, ensuring that members receive expert guidance and personalized lending solutions. Jeffrey leads efforts to promote a diverse range of mortgage and HELOC products, including the one-time close construction loan with a float-down option, physician loans, and traditional mortgage options. Liberty FCU distinguishes itself with minimal fees and an exemption from Florida’s intangible tax, offering even greater value to homeowners and borrowers.
DAVID RAPSON
REGIONAL VICE PRESIDENT MORTGAGE SALES, CMB, AMP
David is a seasoned veteran of the banking industry, boasting 34 years of experience and holding senior management positions across various sectors, including Retail Banking, Commercial Banking, Construction Banking, and Mortgage Banking. For 22 years, he has demonstrated exemplary leadership in the mortgage banking industry, excelling in sales, operations, and construction and renovation lending. David’s career has seen him contribute his expertise to leading institutions and is recognized for his understanding of the mortgage lending process, underpinned by a unique blend of skills and knowledge acquired through extensive industry exposure.
JEFF WHITE
SENIOR VICE PRESIDENT OF MORTGAGE LENDING
Jeff relocated to Franklin, TN from Denver, Colorado. He has 34 years of mortgage experience and 28 years in leadership. Jeff is lauded by peers for his entrepreneurial spirit, tenacity, ethics, and integrity, and he has long track record of recruiting and growing teams across large geographic footprints.
MARK WINCHESTER
EXECUTIVE VICE PRESIDENT OF LENDING
Mark has a successful history of growing business across many lending channels. He has grown start ups, lead several merger and acquisition efforts, and managed relationships domestically and internationally. He has successfully built sales channels and brand presence with significant success on a national level.
LIBERTY FCU
BRANCH LOCATIONS
INDIANA
BURKHARDT
1900 Hirschland Rd. Evansville, IN 47715
DOWNTOWN EVANSVILLE
728 Locust St. Evansville, IN 47708
MAIN
4401 Theater Dr. Evansville, IN 47715
NORTHBROOK
1100 West Buena Vista Rd. Evansville, IN 47710
NORTHFIELD
12225 North Highway 41 Evansville, IN 47725
WARRICK
7697 Park Place Dr. Newburgh, IN 47630
WEST EVANSVILLE
4905 University Dr. Evansville, IN 47712
FORT BRANCH
811 E. Mulberry St. Fort Branch, IN 47648
JASPER
4316 N Newton St. Jasper, IN 47546
MT. VERNON
405 E. Fourth St. Mt. Vernon, IN 47620
PRINCETON
3014 W. Broadway St. Princeton, IN 47670
VINCENNES
1395 S. Hart Street Rd. Vincennes, IN 47591
WASHINGTON
2103 East National Highway Washington, IN 47501
KENTUCKY
GARY FARMS
2187 Gary Farms Blvd. Bowling Green, KY 42104
LOVERS LANE
544 Lovers Ln. Bowling Green, KY 42103
CRESTWOOD
6421 West Highway 146 Crestwood, KY 40014
HENDERSON
349 Starlite Dr. Henderson, KY 42420
EAST OWENSBORO
2930 Wimsatt Ct. Owensboro, KY 42303
WEST OWENSBORO
2820 N. York St. Owensboro, KY 42301
BLANKENBAKER
721 Blankenbaker Pkwy. Louisville, KY 40243
BROWNSBORO
9819 Brownsboro Rd. Louisville, KY 40241
HURSTBOURNE
1200 Forest Bridge Rd. Louisville, KY 40223
OLD HENRY
2300 High Wickham Place Louisville, KY 40245
ST. MATTHEWS
4220 Shelbyville Rd. Louisville, KY 40207
TENNESSEE
BRANCH CREEK
580 Franklin Rd., Ste. 100 Franklin, TN 37069
LIBERTY STATION
1207 Liberty Pike Franklin, TN 37067
MEDICAL CENTER
PARKWAY
2206 Medical Center Pkwy. Murfreesboro, TN 37129
ST. ANDREWS
2710 St Andrews Dr. Murfreesboro, TN 37128
NOLENSVILLE
1000 Southwalk Dr. Nolensville, TN 37135
SPRING HILL
4922 Main St. Spring Hill, TN 37174
THOMPSON’S STATION 1105 Elliston Way Thompson’s Station, TN 37179
HENDERSONVILLE
580 Soaring Eagle Way Hendersonville, TN 37075
VETERANS PARKWAY
5108 Veterans Pkwy. Murfreesboro, TN 37128
MORTGAGE LOAN PRODUCTION OFFICES
GEORGIA
ALPHARETTA
12600 Deerfield Pkwy., Ste. 100 Alpharetta, GA 30004
PENNSYLVANIA
BEAVER
1601 Third St., Ste. 3 Beaver, PA 15009
ALABAMA
BIRMINGHAM
3141 Lorna Rd., Ste. 102 Birmingham, AL 35216
KENTUCKY
LEXINGTON
444 Lewis Hargett Cir., Ste. 180 Lexington, KY 40503
NORTON COMMONS
10604 Meeting St. Prospect, KY 40059
OWENSBORO
2925 Wimsatt Ct. Owensboro, KY 42303
OHIO
LOVELAND
10740 S. State Route 48 Loveland, OH 45140
MISSISSIPPI
MADISON
875 Northpark Dr., Bldg. 1, Ste. A Ridgeland, MS 39157
VIRGINIA
MIDLOTHIAN
14321 Winter Breeze Dr., Ste. 351 Midlothian VA, 23113
COLORADO
DENVER
Rocky Mountain Region Denver, Colorado
FLORIDA
WINTER GARDEN
504 West Plant St. Winter Garden, FL 34787
OCOEE
2851 Maria Isabe Ave. Ocoee, FL 34761
NORTH CAROLINA
CHARLOTTE
Charlotte Region
SOUTH CAROLINA
GREENVILLE
Greenville Region