We look forward to saying, 'What can we do for you?'

Purdue Federal welcomes businesses of all sizes. With membership comes cost-efficient checking options, dividend-earning deposit accounts, affordable loans and a Member Business Services Team that's ready to assist you at every turn.

In order for a business entity to qualify for membership, a) all shareholders of the corporation; b) all members of the limited liability company; c) all partners of the partnership; d) all members of the informal association, organization or club; or e) the owner of the sole proprietorship, as applicable, must meet at least one eligibility requirement for membership with the credit union.

The business entity must also purchase and maintain a $5.00 share of ownership (the membership share) in the primary share savings account at the credit union as required by our bylaws.

Before being accepted for business membership at Purdue Federal, the business entity must:

  • Identify beneficial owners, which includes any individual who directly or indirectly, through contract, arrangement, understanding, relationship or otherwise, owns 25% or more of the equity interests of a legal entity member. We will require a copy of official identity documentation such as a driver's license or passport if they are not present at account opening.
  • Identify the control prong, which is an individual with significant responsibility to control, manage or direct a legal entity member. We will require a copy of official identity documentation such as a driver's license or passport if they are not present at account opening.
  • Provide acceptable organization documents as applicable including, but not limited to, Certificate of Assumed Business Name, Certificate of Incorporation, Certificate of General or Limited Partnership, Partnership Agreement, Articles of Organization or Incorporation, Operating Agreement, Bylaws and Credit Union Provided Authorization Resolutions (“Entity Documents”).

Once you open the business account, the $5 membership share will be unavailable for withdrawal.

Please use the chart below to determine the documentation required to open your Purdue Federal Business Account.

Business Type Required Documentation
Sole Proprietorship or Doing Business As (DBA)
  • County Recorded Certificate of Assumed Business Name
  • Individual's SSN
  • Resolution
  • Click here for additional resources.
Partnership
  • County Recorded Certificate of Assumed Business Name
  • Partnership Agreement
  • Partnership EIN
  • Resolution
  • Click here for additional resources.
Corporation (INC)
  • Certificate of Incorporation
  • Articles of Incorporation
  • Bylaws (if applicable)
  • Indiana Secretary of State - ACTIVE Status
  • Corporate EIN
  • Resolution
  • Click here for additional resources.
Single Member Limited Liability Company (LLC)
  • Certificate of Organization
  • Operating Agreement (if one was created)
  • Articles of Organization
  • Indiana Secretary of State - ACTIVE Status
  • Individual SSN or EIN
  • Resolution
  • Click here for additional resources.
Multiple Member Limited Liability Company (LLC)
  • Certificate of Organization
  • Operating Agreement
  • Articles of Organization
  • Indiana Secretary of State - ACTIVE Status
  • Company EIN
  • Resolution
  • Click here for additional resources.
Informal Association/Organization/Club
  • Articles of the Entity
  • Bylaws (if they exist)
  • Association/Organization/Club EIN
  • Resolution
  • Click here for additional resources.
Nonprofit Organization 501(c)(3)
  • Certificate of Incorporation/Organization
  • Articles of the Entity
  • Nonprofit Corporate Resolution
  • Bylaws or Operating Agreement (if they exist)
  • Indiana Secretary of State - ACTIVE Status
  • Organization EIN
  • IRS Tax Exemption Letter (to qualify for NPCK account)
  • Resolution
  • Click here for additional resources.
Political Campaign
  • Copy of Certified Candidacy Paperwork
  • Political Campaign Resolution
  • County Recorded Certificate of Assumed Business Name (if applicable)
  • Organization EIN
  • Resolution
  • Click here for additional resources.

Purdue Federal Credit Union serves members worldwide and operates branches throughout Greater Lafayette, Crown Point and La Porte, Indiana.

Purdue Federal Credit Union’s usage of “partner” does not mean that the Credit Union and the business, association or group have a partnership/affiliate relationship but the business is part of the Credit Union’s field of membership as a Select Employee Group.