Member Eligibility
At Purdue, we believe that everyone deserves a chance to be part of a caring and supportive community. Becoming a member is easy and welcoming! If you live, work, or attend school in the Lafayette area, you're likely eligible to join us. We embrace individuals from all walks of life, making it simple for you to take advantage of our fantastic financial services. Our members enjoy benefits like lower loan rates, higher savings rates, and personalized customer service that truly understands your needs. For those interested in joining, you can learn more about the specific eligibility criteria by visiting our website. And when you're ready to open your account or have any questions, feel free to call us at (765) 497-8899 or stop by our branch located at 3101 S Creasy Ln Lafayette In 47905. We can't wait to welcome you into the Purdue family!
Financial Strength
At Purdue, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We understand that in today's economy, you need a financial partner you can trust, which is why we are proud to share insights into our strong financial position. With a net worth of $208,058,581, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 10.79% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through $304,187,313 in share certificates and $553,410,696 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $2,000,000, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. With $204,042,136 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity is robust, with $4,051 in used auto loans and $1,473,776,197 in total loans and leases supporting your financial goals across various sectors. Although our current net income stands at $3,565,665, it reflects our commitment to operational efficiency. This allows us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 287 full-time employees and 26 part-time employees who are always ready to assist you with their knowledge and dedication. The overall strength of our credit union is further illustrated by the number of our members; we currently have a total of 209,336 share accounts. This shows a strong and growing member base that trusts us with their finances. Additionally, net shares available for lending and investments total $9,688,796, reinforcing our capability to support your needs. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Purdue is your trusted partner. Visit us at 3101 S Creasy Ln Lafayette In 47905 or call (765) 497-8899 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.
