Sep, 30, 2025 — PURDUE FEDERAL CREDIT UNION is a federal credit union headquartered in WEST LAFAYETTE, IN with 13 branch locations and about $2.06 billion in total assets. Opened 57 years ago in 1969, PURDUE FEDERAL CREDIT UNION has about 110,680 members and employs 292 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 |
|---|---|
| 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: | 110,680 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 19307 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1969 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,055,748,008 |
| CEO/Manager: | Darrick Weeks |
| Chairperson: | Edgar Cyr |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 47,561,458 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 16,464,474 |
| Real Estate Loans | 1,298,231,626 |
| Unsecured Loans | 104,332,323 |
| Other Loans | 87,458,073 |
| TOTAL LOANS | 1,490,022,022 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,575,031 |
| Land And Building | 15,402,572 |
| Other Fixed Assets | 13,511,420 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 15,041,795 |
| All Other Assets | 123,620 |
| TOTAL ASSETS | 2,055,748,008 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 40,000,000 |
| Accounts Payable & Other Liabilities | 38,130,291 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 372,851,930 |
| Regular shares | 362,053,671 |
| All Other Shares & Deposits | 1,030,230,588 |
| TOTAL SHARES & DEPOSITS | 1,765,136,189 |
| TOTAL LIABILITIES | 1,843,581,150 |
| Regular Reserve | 0 |
| Other Reserves | -8,270,765 |
| Undivided Earnings | 220,437,623 |
| TOTAL EQUITY | 212,166,858 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,055,748,008 |
| INCOME & EXPENSE | |
| Loan Income | 59,899,972 |
| Investment Income | 13,940,240 |
| Other Income | 2,054,223 |
| Total Employee Compensation & Benefits | 24,051,939 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 25,867,293 |
| Non-operating Income & (Expense) | 1,017,417 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 772,957 |
| Cost of Funds | 27,284,970 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 12,966,943 |
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