Darrick Weeks

Purdue Federal Credit Union in West Lafayette, Ind., named Darrick Weeks as its president/CEO on Monday, succeeding Bob Falk, who is retiring after 22 years of service in the industry, including 16 years as CEO.

During Falk’s tenure, Purdue FCU increased its assets from $555 million in 2009 to its current assets of $1.9 billion, while loans grew from $456 million to $1.4 billion and membership expanded from 57,787 to more than 107,000, according to NCUA Call Reports.

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“Bob’s unwavering commitment to Purdue Federal and its members has been instrumental in shaping our organization into the strong, service-driven institution it is today,” Purdue FCU Board Chair Edgar Cyr said in a prepared statement. “His leadership, vision and passion for supporting our members, employees and communities have left a profound and lasting impact.”

Weeks holds more than 30 years of experience in the financial services industry.

Most recently, he served as president/CEO of the $1 billion Marine Credit Union in La Crosse, Wis.

He also held several executive positions with the $8.8 billion Wright-Patt Credit Union in Beavercreek, Ohio and the $2.1 billion Westerra Credit Union in Denver.

Purdue FCU’s 313 employee operate 14 locations.

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Peter Strozniak

Credit Union Times reporter covering credit union operations, fraud, M&As, leagues, business continuity, and breaking news.