Purdue Federal Credit Union

Rated star_ratedstar_ratedstar_ratedstar_rated_halfstar_normal by Credit Guide
Review based on 12 criteria Rating: 3.5 out of 5

1551 Win Hentschel Blvd, West Lafayette, IN 47906

Website

(765) 497-3328

Data Source: NCUA, December 31, 2016


Purdue Federal Credit Union was founded in 1969. Headquartered in West Lafayette, Indiana, Purdue Federal Credit Union is a federally chartered and federally insured credit union, operating within the regulation of the National Credit Union Association (NCUA) and being insured through the National Credit Union Share Insurance Fund (NCUSIF). Purdue Federal Credit Union is also a member of the Federal Home Loan Bank (FHLB), which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.

As of December 31, 2016, Purdue Federal Credit Union services 71,713 members through its 11 offices and branches and 200 full-time and 32 part-time employees. It has $1,062,565,283 of total assets and $94,540,552 of net worth. Based on its asset size and net worth ratio, Purdue Federal Credit Union is classified as a Well Capitalized large credit union.

Purdue Federal Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. Purdue Federal Credit Union also provides an array of services to its members and local communities. Purdue Federal Credit Union plans to extend its services by adding more branches or service centers in the next 12 month. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of Purdue Federal Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in Indiana and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate
Median of Indiana
Median of USA
Checking
0.0500
0.0000
0.0000
Savings
0.0500
0.1000
0.1200
Money Market
0.2000
0.2200
0.2500
Certificate Deplit
0.3500
0.5000
0.5800
IRA
0.4000
0.4300
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Indiana
National Median Rates
Credit Cards
11.5000
11.0000
9.9900
Unsecured Line of Credits
14.2000
10.3650
10.9500
Short-term Small Amount
n/a
28.0000
25.0000
Student Loans
6.0900
6.1400
6.0200
New Car Loans
2.9900
3.2900
3.3300
Used Car Loans
3.4400
4.4600
4.5000
1st Mortgage Real Estates
4.1300
4.2500
4.2500
Other Real Estates
4.2500
4.7500
4.7000

Purdue Federal Credit Union prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet, phones, ATMs, and mobile devices. The table below lists the electronic banking services prlided by Purdue Federal Credit Union.

Electronic Banking Service Offerings

Membership Application
Yes
Yes
Share Account Transfers
Yes
New Loan Application
Yes
Share Draft Orders
Yes
Yes
New Share Account
Yes
Bill Payment
Yes
No
e-Statements
Yes
Loan Payments
Yes
Yes
Account Balance Inquiry
Yes
Yes
Yes
View Account History
Yes
No

As a community financial institution, Purdue Federal Credit Union actively involves in local communities by prliding services such as financial counseling, financial education, financial literacy workshops.

Community and other Service Offerings

Financial Counselling
Yes
Bilingual Services
Yes
Free Bill Pay
Yes
Financial Education
Yes
In-School Branches
Yes
Free Tax Preparation Service
No
Financial Literacy Workshops
Yes
Student Scholarships
No
Insurance/Investment Sales
Yes
First Time Homebuyer Program
No
Purdue Employees Federal Credit Union – Jeff High School
1801 S 18th St
Lafayette, IN 47905-2011
Phone:765-497-3328

Purdue Federal Credit Union – 26 Crossings
4709 Meijer Ct
Lafayette, IN 47905
Phone:765-497-3328

Purdue Federal Credit Union – 350 South
1725 Veterans Memorial Pkwy S
Lafayette, IN 47909
Phone:765-497-3328

Purdue Federal Credit Union – Admin
Main Office

1551 Win Hentschel Blvd
West Lafayette, IN 47906
Phone:765-497-3328

Purdue Federal Credit Union – Harrison High School
5701 N 50 W
West Lafayette, IN 47906
Phone:765-497-3328

Purdue Federal Credit Union – Ivy Tech Branch
3101 S Creasy Ln
Lafayette, IN 47905
Phone:765-497-8899

Purdue Federal Credit Union – Monroe Street
3404 Monroe St
La Porte, IN 46350-6185
Phone:219-362-3741

Purdue Federal Credit Union – Northwestern Branch
516 Northwestern Ave
West Lafayette, IN 47906-2975
Phone:765-497-3328

Purdue Federal Credit Union – Purdue Memorial Union
101 N Grant St
West Lafayette, IN 47906
Phone:765-497-3328

Purdue Federal Credit Union – Purdue North Central
1401 S Us Highway 421
Westville, IN 46391-9542
Phone:765-497-8970

Purdue Federal Credit Union – Union Street
1520 Union St
Lafayette, IN 47904-2156
Phone:765-497-3328

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  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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