Dec, 31, 2023 — PURDUE FEDERAL CREDIT UNION is a federal credit union headquartered in WEST LAFAYETTE, IN with 13 branch locations and about $1.96 billion in total assets. Opened 55 years ago in 1969, PURDUE FEDERAL CREDIT UNION has about 103,770 members and employs 303 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PURDUE FEDERAL CREDIT UNION |
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Address: (Main Office) | 1551 Win Hentschel Blvd WEST LAFAYETTE, IN 47906 |
Phone: | (765) 497-3328 |
Fax: | |
Website: | https://www.purduefed.com |
Branches: | 13 branch locations |
Members: | 103,770 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 19307 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1969 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,956,629,710 |
CEO/Manager: | Robert A Falk |
Chairperson: | David Kish |
ASSETS: | $ Amount |
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Cash & Equivalents | 144,497,212 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 25,238,481 |
Real Estate Loans | 1,206,849,195 |
Unsecured Loans | 96,887,092 |
Other Loans | 114,672,795 |
TOTAL LOANS | 1,418,409,083 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,249,875 |
Land And Building | 16,528,154 |
Other Fixed Assets | 16,069,727 |
NCUSIF Deposit | 13,267,098 |
All Other Assets | 0 |
TOTAL ASSETS | 1,956,629,710 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 44,765 |
Notes & Interest Payable | 170,000,000 |
Accounts Payable & Other Liabilities | 44,716,539 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 404,405,223 |
Regular shares | 445,055,974 |
All Other Shares & Deposits | 713,170,836 |
TOTAL SHARES & DEPOSITS | 1,562,632,033 |
TOTAL LIABILITIES | 1,778,175,311 |
Regular Reserve | 0 |
Other Reserves | -16,963,915 |
Undivided Earnings | 195,418,314 |
TOTAL EQUITY | 178,454,399 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,956,629,710 |
INCOME & EXPENSE | |
Loan Income | 69,121,626 |
Investment Income | 13,968,320 |
Other Income | 2,343,265 |
Total Employee Compensation & Benefits | 27,506,538 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 31,539,392 |
Non-operating Income & (Expense) | 285,041 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,945,250 |
Cost of Funds | 26,593,472 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 15,234,521 |
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