WEST LAFAYETTE, Ind. (February 25, 2019) Fifty years ago, Purdue Federal was founded on Purdue University’s West Lafayette campus by a small 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. Early records of the credit union were stored in a small cigar box that was housed in the closet of the personnel department on campus. Today, Purdue Federal has grown to 11 branches, with 2 new locations opening in 2019, and over 79,000 members worldwide.
“Over the years, our members’ needs have evolved and our product offerings and staff expertise have evolved to meet those needs. The original intent was to offer simple loan and deposit products but our members, who own Purdue Federal Credit Union, asked us for more” said Purdue Federal President and CEO Bob Falk. “Today we have a full range of financial products, services and access points for retail members and small business members. We will continue to provide competitive pricing and strive to offer our members the most rewarding relationship as we continually listen to their needs.”
Purdue Federal will be celebrating this milestone anniversary throughout the year with several special events and by performing 50 Acts of the Credit Union difference throughout the communities we serve.