Purdue Employees Credit Union

Purdue Employees Credit Union Locations
1551 Win Hentschel Blvd.
West Lafayette, IN 47906
800.627.3328
www.purdueefcu.com

Purdue Employees Credit Union is headquartered in West Lafayette and is the 8th largest credit union in the state of Indiana. It is also the 286th largest credit union in the nation. It was established in 1969 and as of December of 2011, it had grown to 165 employees and 60,168 members. Purdue Employees Credit Union has a 5-star health rating.



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See Rates for: Checking | Savings | Money Market | CD | IRA

Purdue Employees Credit Union Checking Account Rates

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0.10%$1k-Sensible Checking

Purdue Employees Credit Union Savings Account Rates

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0.15%--Main Share Savings
0.15%--Special Savings
0.10%$1k-Health Savings Account Checking

Purdue Employees Credit Union Money Market Rates

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0.55%$100k-IRA Money Market Account
0.55%$100k-Roth IRA Money Market Account
0.50%$100k-Money Market Account
0.20%$25-Educational IRA Money Market Account

Purdue Employees Credit Union CD Rates

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1.60%$500-60 Month Select tier Relationship Rewards with checking CD
1.25%$500-48 Month Select tier Relationship Rewards with checking CD
1.10%$500-36 Month Select tier Relationship Rewards with checking CD
0.80%$500-30 Month Select tier Relationship Rewards with checking CD
0.70%$500-24 Month Select tier Relationship Rewards with checking CD
0.65%$5k-15 Month Select tier Relationship Rewards with checking CD Special
0.55%$500-18 Months Select tier Relationship Rewards with checking CD
0.45%$500-12 Month Select tier Relationship Rewards with checking CD
0.35%$50-24 Month Savers CD
0.10%$50-12 Month Savers CD

Purdue Employees Credit Union IRA Rates

ApyMinMaxProduct
1.65%$500-60 Month Select tier Relationship Rewards with checking IRA
1.65%$500-60 Month Select tier Relationship Rewards with checking Roth IRA
1.65%$500-60 Month Select tier Relationship Rewards with checking Educational IRA
1.30%$500-48 Month Select tier Relationship Rewards with checking IRA
1.30%$500-48 Month Select tier Relationship Rewards with checking Roth IRA
1.30%$500-48 Month Select tier Relationship Rewards with checking Educational IRA
1.15%$500-36 Month Select tier Relationship Rewards with checking HSA
1.15%$500-36 Month Select tier Relationship Rewards with checking IRA
1.15%$500-36 Month Select tier Relationship Rewards with checking Roth IRA
1.15%$500-36 Month Select tier Relationship Rewards with checking Educational IRA
0.85%$500-30 Month Select tier Relationship Rewards with checking IRA
0.85%$500-30 Month Select tier Relationship Rewards with checking Roth IRA
0.85%$500-30 Month Select tier Relationship Rewards with checking Educational IRA
0.75%$500-24 Month Select tier Relationship Rewards with checking HSA
0.75%$500-24 Month Select tier Relationship Rewards with checking IRA
0.75%$500-24 Month Select tier Relationship Rewards with checking Roth IRA
0.75%$500-24 Month Select tier Relationship Rewards with checking Educational IRA
0.60%$500-18 Month Select tier Relationship Rewards with checking IRA
0.60%$500-18 Month Select tier Relationship Rewards with checking Roth IRA
0.60%$500-18 Month Select tier Relationship Rewards with checking Educational IRA
0.50%$500-12 Month Select tier Relationship Rewards with checking HSA
0.50%$500-12 Month Select tier Relationship Rewards with checking IRA
0.50%$500-12 Month Select tier Relationship Rewards with checking Roth IRA
0.50%$500-12 Month Select tier Relationship Rewards with checking Educational IRA

Rates updated: 5/27/2012

Data for Q4 2011


Institution Statistics


PURDUE
NCUA #19307
BankRate ReportView
Year Chartered1969
Employees165
Primary Regulator

Assets and Liabilities

Assets$699.62 million
Loans$469.56 million
Deposits$630.90 million
Equity Capital$61.01 million
Loan Loss Allowance$2.92 million
Unbacked Noncurrent Loans$3.29 million
Real Estate Owned$24,000

Historic Data - December 2010

Assets$640.77 million
Equity Capital$53.52 million
Loan Loss Allowance$2.65 million
Unbacked Noncurrent Loans$2.81 million
Real Estate Owned$106,000

Profit Margin - Quarterly

Net Interest Margin4.71%
Return on Assets1.05%
Return on Equity12.05%
Interest Income$27.57 million
Non-Interest Income$11.36 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Purdue Employees Credit Union had $3.31 million in non-current loans and owned real-estate with $63.93 million in equity and loan loss allowances on hand to cover it. This gives Purdue Employees Credit Union a Texas Ratio of 5.18% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Purdue Employees Credit Union held steady from 5.20% as of December 31, 2010 to 5.18% as of December 31, 2011, resulting in a positive change of 0.35%.This indicates that the balance sheet and financial strength for Purdue Employees Credit Union has held steady in recent periods.
Deposit Growth5
In the past year, Purdue Employees Credit Union has increased its total deposits by $49.81 million, resulting in 8.57% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Purdue Employees Credit Union has shown is excellent.
Capitalization3
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Purdue Employees Credit Union has $699.62 million in assets with $63.93 million in equity, resulting in a capitalization level of 9.14%, which is average.
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