Purdue Federal Credit Union

Phone #: 800.627.3328
Routing #: 274976067

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Business Banking
Become a Member

Purdue Federal has been lending to local businesses since 1999, and our Member Business Services team has more than 60 years of commercial banking experience. At Purdue Federal, our goal is to find the right solutions to help your business succeed and our community to grow.

Switch your business accounts to Purdue Federal today. 
Download our helpful checklist

To learn more, contact our Purdue Federal Member Business Services Department at 765.497.7422.

Opening a business account is easy.

Purdue Federal membership is open to any current student; employee; persons retired as pensioners or annuitants of, and alumni of the Select Employee Groups below; to persons who live, work, study, or worship in LaPorte County, Indiana; and to immediate family members of a current member.

A complete list of all current Select Employee Groups is available at any Purdue Federal branch location or by clicking here.  As a member of Purdue Federal, you share in its ownership. You join a cooperative financial institution organized under federal credit union regulations.

In order for the 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.

Switch your business accounts to Purdue Federal today. 
Download our helpful checklist

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

Business TypeRequired 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)
  • Certificte of Incorporation
  • Articles of Incorporation
  • Bylaws (if applicable)
  • 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
  • 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
  • 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 (if they exist)
  • Secretary of State - ACTIVE Status
  • Organization EIN
  • IRS Tax Exemption Letter
  • 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.

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