Purdue Federal Credit Union is headquartered in West Lafayette and is the 8th largest credit union in the state of Indiana. It is also the 255th largest credit union in the nation. It was established in 1969 and as of June of 2024, it had grown to 282 employees and 105,665 members at 14 locations. Purdue Federal Credit Union's money market rates are 9X the national average, and it boasts an A+ health rating.
Membership in Purdue Federal Credit Union is open to the following: (1) employees, students or alumni of Purdue University and their immediate family; (2) those who live, work, worship, attend school or volunteer in Laporte County, Indiana; (3) students and family of LaPorte County Schools and other select area schools; (4) employees of IU Health, ADECCO, Security Systems of Indiana and other area Select Employer Groups. (Membership requirements are listed on the credit union's online application)
See current membership details
Overall | |
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NCUA # | 19307 |
Year Chartered | 1969 |
Employees | 282 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.64% |
Return on Equity - YTD | 6.77% |
Annual Interest Income | $46.5MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q2 2024vs Q2 2023 | $1.92B$1.87B |
Loans | Q2 2024vs Q2 2023 | $1.45B$1.39B |
Deposits | Q2 2024vs Q2 2023 | $1.64B$1.49B |
Equity Capital | Q2 2024vs Q2 2023 | $185.5MM$170.4MM |
Loan Loss Allowance | Q2 2024vs Q2 2023 | $10.5MM$9.5MM |
Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $2.1MM$2.4MM |
Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.05% | $1k | - | Sensible Checking - Gold Status | |
0.05% | $1k | - | Sensible Checking - Diamond Status | |
0.05% | $1k | - | Merit Checking - Gold Status | |
0.05% | $1k | - | Merit Checking - Diamond Status |