Jun, 30, 2024 — PURDUE FEDERAL CREDIT UNION is a federal credit union headquartered in WEST LAFAYETTE, IN with 13 branch locations and about $1.80 billion in total assets. Opened 55 years ago in 1969, PURDUE FEDERAL CREDIT UNION has about 84,964 members and employs 296 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: | 84,964 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,796,047,607 |
| CEO/Manager: | Robert A Falk |
| Chairperson: | David Kish |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 108,958,607 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 15,629,410 |
| Real Estate Loans | 1,115,775,545 |
| Unsecured Loans | 87,791,237 |
| Other Loans | 128,598,129 |
| TOTAL LOANS | 1,332,164,911 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,302,053 |
| Land And Building | 17,520,221 |
| Other Fixed Assets | 12,318,966 |
| NCUSIF Deposit | 12,872,238 |
| All Other Assets | 51,570 |
| TOTAL ASSETS | 1,796,047,607 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 45,000,000 |
| Accounts Payable & Other Liabilities | 40,799,116 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 450,308,333 |
| Regular shares | 566,117,698 |
| All Other Shares & Deposits | 534,181,994 |
| TOTAL SHARES & DEPOSITS | 1,550,608,025 |
| TOTAL LIABILITIES | 1,636,407,141 |
| Regular Reserve | 0 |
| Other Reserves | -13,836,593 |
| Undivided Earnings | 173,477,059 |
| TOTAL EQUITY | 159,640,466 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,796,047,607 |
| INCOME & EXPENSE | |
| Loan Income | 37,940,900 |
| Investment Income | 3,887,464 |
| Other Income | 2,777,207 |
| Total Employee Compensation & Benefits | 19,603,163 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 21,091,621 |
| Non-operating Income & (Expense) | 3,211,902 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 153,715 |
| Cost of Funds | 2,824,774 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 14,184,138 |
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