Headquartered in West Lafayette, Ind., Purdue Federal Credit Union (Purdue Federal) was founded 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, Purdue Federal acquired Members United Federal Credit Union through a merger. At the time of merger, the credit union changed its name to Purdue Federal, after several previous name changes, 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 exceeding $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, three satellite 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.
And today, Purdue Federal remains strong because it has stayed true to its original purpose—people helping people. Purdue Federal has earned the honor as Best Financial Institution, Best Checking Account and Best Mortgage Lender in Lafayette-West Lafayette as voted by Journal & Courier readers three years in a row.