Welcome to our online media kit. Download information about Purdue Federal and its senior management team.
Purdue Federal Backgrounder
Read our story from our humble beginnings keeping money in a simple cigar box, to utilizing the latest industry technology.
Headquartered in West Lafayette, Ind., Purdue Federal Credit Union (Purdue Federal) was founded as Purdue Employees Federal Credit Union (PEFCU) on the Purdue University campus in 1969 by a group of Purdue employees searching for a place where they, their families and their fellow employees could save and borrow money safely, confidentially and at a fair rate of interest. In December 2010, PEFCU acquired Members United Federal Credit Union through a merger. At the time of merger, the credit union changed its name to Purdue Federal to better reflect its membership base, which includes students, faculty and staff, and communities where Purdue University and its regional campuses operate.
Purdue Federal is a member-owned financial cooperative with more than 60,000 members nationwide and assets of nearly $700 million. Its purpose is to be its members’ trusted financial partner for life and its staff is driven by superior member service and dedication to the Greater Lafayette and LaPorte communities.
Through its eight full-service branches, and online and mobile banking services, Purdue Federal offers its members an array of financial products including locally serviced mortgage and consumer loan products—first mortgages, home equity loans, vehicle loans, credit cards, secured loans and more—savings and money market accounts, checking accounts with direct deposit, individual retirement accounts and business accounts. It also provides online services—online bill pay and check withdrawals, electronic statements and alerts, online check deposits with immediate access to funds and more—that allow its members to manage their money when and where it’s convenient for them.
As a not-for-profit credit union, Purdue Federal differentiates itself from other financial institutions. Its profits are re-invested in the credit union in the form of enhanced services, better rates and lower fees. It is governed by a volunteer board of directors, which is elected during an annual meeting of membership.
Purdue Federal is a leader within the financial services industry. In 1997 the credit union became the first institution in the nation to implement biometrics authentication, which is a process of storing and using a member’s thumb or index fingerprint to verify his/her identity. In 2005 Purdue Federal became the first in-school financial institution in the state of Indiana when it opened a branch inside Lafayette Jefferson High School. Then in 2006 Purdue Federal partnered with the Purdue Alumni Association to become the exclusive provider of the Purdue Alumni Association Visa® credit card. It opened its second in-school branch inside William Henry Harrison High School in 2008 and a campus branch at Ivy Tech Community College-Lafayette in 2011.
Future plans for Purdue Federal include further evaluation of members’ needs, enhanced technological products and services, increased financial education opportunities, and continued support of not-for-profit organizations in Greater Lafayette and LaPorte.
Purdue Federal Boilerplate
Access our condensed story.
Purdue Federal Credit Union (Purdue Federal) was founded as Purdue Employees Federal Credit Union (PEFCU) on the Purdue University campus in 1969. In December 2010, PEFCU acquired Members United Federal Credit Union through a merger. At the time of merger, the credit union changed its name to Purdue Federal to better reflect its membership base, which includes students, faculty and staff, and communities where Purdue University and its regional campuses operate. Purdue Federal is a member-owned financial cooperative with more than 60,000 members nationwide and assets at nearly $700 million.
Purdue Federal Logo
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Purdue Federal Senior Management Team
Bob Falk, President & CEO
Scott Ksander, Vice President Information Technology
Brian Musser, Vice President Finance & Chief Financial Officer
Nikki Gaylord, Vice President Lending
Jackie Hofman, Vice President Human Resources and Marketing
Heather Nally, Vice President Retail Sales & Service
Eveyln Royer, Vice President Risk Management & Support Services
Phillip Thoben, Vice President Member Business Services