During the 1950s and 1960s, an era when many financial institutions focused on commercial and significant personal financing needs, a group of Purdue University employees recognized the need for a local financial institution where they, their colleagues and their families could save and borrow money safely and at a fair interest rate. Through their determination and years of hard work, PEFCU was officially chartered on February 25, 1969, with 18 founding members and seven charter members.

What began in a small office on Purdue’s campus and with a simple cigar box to hold members’ funds, has in 40 years grown and evolved to include seven regular branches, two in-school branches, and a robust offering of online and mobile banking services. PEFCU offers its members an array of financial products including locally serviced mortgage and consumer loan products — first mortgages, home equity loans, vehicle loans, credit cards, secured loans and more — savings and money market accounts, checking accounts with direct deposit, individual retirement accounts and business accounts.

Today, when so many financial institutions are struggling in a weakened economy, PEFCU remains strong because it has stayed true to its original purpose—people helping people. Its second-, third- and fourth-quarter 2008 membership satisfaction scores set record highs with an average score of 97.37 percent for the three quarters, illustrating its core commitment to meeting members’ needs.

Future plans for PEFCU include further evaluation of members’ needs, enhanced technological products and services, increased financial education opportunities and continued support of Greater Lafayette not-for-profit organizations.

In Related News:

• PEFCU promotes Gaylord to VP Lending
• PEFCU hosts Understand Your Credit Lobby Day
• Ribbon cut at Harrison’s PEFCU@School branch
• Purdue youth camps scores with name change, partnership
• PEFCU offers Elder Care seminar, May 22

News via Lafayette Indiana Online

PEFCU celebrates Charter Day