Applications / Mortgage Analytics / Lenders / Indiana / Purdue Federal Credit Union
West Lafayette, IN · Credit union · NCUA · $2.1 billion assets · 1,220 loans in 2025
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1,220
loans originated, 2025
1,637
applications, 2025
23
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Purdue Federal Credit Union is the largest lender by dollars in Lafayette-West Lafayette, Indiana, ranked 1 of 267, though its share there slipped to 11.6% from 13.3%.
In Lafayette-West Lafayette, where it has lent since before 1990, its 11.6% share put it ahead of First Merchants Bank in second place. Its share fell from 13.3%: one possibility is that its own originations rose only 4% while some other lenders there grew faster. The figures here do not show which loan types moved.
Originations rose 4% to 1,220, against 9% for the typical similar lender (credit unions making between half and twice as many loans). The total is about half the 2,341 of five years before, and has risen each year from 1,047 in 2023. The higher total of five years before may reflect refinancing when its typical rate was 3.25%, against 7.00% now; refinance is now only 9.7% of its loans.
Home purchase made up 40.8% of originations, home improvement 26.5% and other purposes 23.0%; refinance was only 9.7%. All its loans were conventional, with no government-backed lending. Its typical loan, $145,000, was larger than at about seven in ten similar lenders, against $105,000 for the typical one.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Purdue Federal Credit Union took 1,637 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 40.8% · Home improvement 26.5% · Other 23.0% · Refinance 9.7%
Conventional 100.0% · of 1,220 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Indiana | 1,121 | 91.9% |
| Florida | 15 | 1.2% |
| Ohio | 14 | 1.1% |
| Michigan | 10 | 0.8% |
| Georgia | 9 | 0.7% |
| Illinois | 9 | 0.7% |
| Missouri | 5 | 0.4% |
| North Carolina | 5 | 0.4% |
| Minnesota | 4 | 0.3% |
| South Carolina | 4 | 0.3% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Lafayette-West Lafayette | 828 |
| Indianapolis-Carmel-Greenwood | 98 |
| Lake County-Porter County-Jasper County | 46 |
| Michigan City-La Porte | 35 |
| Fort Wayne | 7 |
| Chicago-Naperville-Schaumburg | 5 |
| Cincinnati | 5 |
| Kokomo | 5 |
| Atlanta-Sandy Springs-Roswell | 4 |
| South Bend-Mishawaka | 4 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300U7UH8QCS8WQ406 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 175980 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 519307 | 1990–2017 |
Established 1 January 1969. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Purdue Federal Credit Union's data.
Purdue Federal Credit Union's data
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