Purdue Federal Credit Union named Bank of the Year by Regional Development Company

Purdue Federal Credit Union (Purdue Federal) has been named Bank of the Year by the Regional Development Company (RDC), recognizing the credit union’s leadership in supporting local businesses and its ongoing commitment to helping communities thrive through accessible financial solutions.

The RDC, a Certified Development Company that administers the U.S. Small Business Administration (SBA) 504 Loan Program, celebrated a milestone year highlighted by record growth and expanded impact across Indiana and Illinois. Purdue Federal received the Bank of the Year honor after referring a loan totaling $2.6 million, demonstrating the credit union’s focus on connecting businesses with financing opportunities that meet their needs and support continued growth.

In addition to the organizational recognition, Purdue Federal team member Jon DeSmet, Member Business Services Senior Account Vice President, was named Lender of the Year for referring the highest dollar amount to the program. This achievement reflects the expertise, dedication, and member-first mindset that drive Purdue Federal’s business lending efforts.

“This award is a direct reflection of the hard work and commitment our team members bring to serving business owners,” said Sam Burns, Chief Lending Officer at Purdue Federal Credit Union. “Every day, our team members partner with businesses to understand their goals and provide guidance and support to help them succeed. We’re proud of the impact they make and honored to be recognized for their efforts.”

Purdue Federal’s recognition as Bank of the Year reinforces the credit union’s broader mission of empowering members, supporting economic growth, and fostering trust and partnership within the communities it serves. From personalized member service to innovative lending solutions, Purdue Federal continues to invest in building strong relationships and delivering meaningful outcomes for the businesses and individuals it serves.