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Purdue Federal, Purdue Development Office team to provide leadership scholarship

WEST LAFAYETTE, IN (May 5, 2015) – Purdue Federal Credit Union (Purdue Federal) and Purdue University’s Development Office are teaming up to provide the newly established Purdue Federal Credit Union Leadership Scholarship in Honor of Walter L. Walker.

Eligible scholarship recipients include in-state students who have demonstrated financial need, as determined by the Purdue’s Division of Financial Aid. A preference will be given to students enrolled in Purdue’s Krannert School of Management. The Division of Financial Aid will select recipients annually from those students who have applied for need-based financial aid and filed the appropriate forms in a timely manner.

This scholarship honors Walter Walker, who passed away February 7, 2015. Walker was Purdue Federal’s first credit union manager. He served as manager and president from 1972 until his retirement in 1986. Many people credit Walker with providing the vision for growing a fledgling credit union into one that on October 31, 1985, reached the $100 million asset mark for the first time. He built Purdue Federal’s strong foundation through expanding services and emphasizing the credit union’s philosophy of “people helping people.”

About Purdue Federal

Purdue Federal Credit Union (Purdue Federal) was founded as Purdue Employees Federal Credit Union (PEFCU) on the Purdue University campus in 1969. In December 2010, PEFCU acquired Members United Federal Credit Union through a merger. At the time of merger, the credit union changed its name to Purdue Federal to better reflect its membership base, which includes students, faculty and staff, and communities where Purdue University and its regional campuses operate. Purdue Federal is a member-owned financial cooperative with over 65,000 members nationwide and assets at more than $900 million.

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