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PURDUE FEDERAL CREDIT UNION

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.


ABA Routing Number: 274976067
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:103,770
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, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$1,956,629,710
CEO/Manager:Robert A Falk
Chairperson:David Kish

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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