Ten years after Purdue Federal Credit Union provided seed capital for software company Passageways LLC, the company is gearing up to relocate its headquarters and offices to accommodate its growth.
The $777 million credit union in West Lafayette, Ind., was Passageways' first customer, said Paroon Chadha, who, along with Christopher Beltran, founded the firm in 2003. The firm's software is now used by more than 300 community banks, credit unions, hospitals and insurance companies around the world.
The company is relocating its headquarters and offices from the Purdue Research Park of West Lafayette to Lafayette, Ind. The new office is scheduled to be finished in December.
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