MEMBERSHIP ADVANTAGES

Membership Eligibility

If you're looking for a better way to reach your financial goals, you should join a credit union. As an employee, pensioner or annuitant, or relative of an employee of Purdue University or other PEFCU Community Business Partner, you are eligible for membership. As a student of Purdue, Ivy Tech State College, St. Joseph's College or Lafayette Jeff High School, you can also join. And if you're a relative of a PEFCU member, you can join too.

It's easy to join the credit union.

For a list of our Community Business Partners, click here. >

Why Join A Credit Union?

People often ask what the difference is between a local credit union, like PEFCU, and a bank. The most significant difference is ownership. Unlike a bank, a credit union is a financial cooperative - a group of people with common interests that has joined together to help one another in money matters. Each PEFCU member has an equal share or say in how the credit union is run. This is most prevalent in our volunteer board of directors who are selected during elections held among the credit union members. This helps ensure the credit union functions in the best interest of its membership as opposed to a group of stockholders.

The other fundamental difference is that credit unions operate as not-for-profit organizations, exempting them from federal and state income taxes. The non-profit status requires PEFCU to return the remaining proceeds left after paying business expenses to the membership in the form of reduced fees, higher yields, lower interest rates, enhanced services such as Internet account access, and various free and reduced-fee services.

A World of Convenience

As a PEFCU member, you and your family will enjoy simple, smart, speedy services that allow you to manage your money when and where it's convenient for you. As a full-service financial cooperative, you'll have access to various financial products and services designed to be every bit as convenient as our competition with one major exception - PEFCU focuses on the needs of the individual.

Your PEFCU membership begins with a deposit of just $5 into a share savings account. Additional customized accounts are available to meet your individual financial needs. If you do not see what you need, please contact us, as we are constantly updating our product and service offerings.