PEN AIR FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.penair.org for more information.
Dec, 31, 2023 — PEN AIR FEDERAL CREDIT UNION is a federal credit union headquartered in Pensacola, FL with 11 branch locations and about $2.34 billion in total assets. Opened 88 years ago in 1936, PEN AIR FEDERAL CREDIT UNION has about 119,376 members and employs 324 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PEN AIR FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 1495 E Nine Mile Rd Pensacola, FL 32514-5723 |
Phone: | (850) 505-3200 |
Fax: | (850) 317-8389 |
Website: | https://www.penair.org |
Branches: | 11 branch locations |
Members: | 119,376 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1303 |
---|---|
Membership Type: | Multiple common bond - Primarily military |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $2,338,716,056 |
CEO/Manager: | Delbert L Morgan |
Chairperson: | Robert Jacobson |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 273,599,074 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 1,084,150 |
Real Estate Loans | 322,035,313 |
Unsecured Loans | 100,194,121 |
Other Loans | 714,383,375 |
TOTAL LOANS | 1,139,608,167 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,018,417 |
Land And Building | 57,134,000 |
Other Fixed Assets | 8,438,493 |
NCUSIF Deposit | 18,775,464 |
All Other Assets | 1,515,809 |
TOTAL ASSETS | 2,338,716,056 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 556 |
Notes & Interest Payable | 40,059,493 |
Accounts Payable & Other Liabilities | 21,990,078 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 349,103,945 |
Regular shares | 1,016,320,847 |
All Other Shares & Deposits | 715,313,542 |
TOTAL SHARES & DEPOSITS | 2,080,738,334 |
TOTAL LIABILITIES | 2,142,788,461 |
Regular Reserve | 0 |
Other Reserves | -58,227,681 |
Undivided Earnings | 254,155,276 |
TOTAL EQUITY | 195,927,595 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,338,716,056 |
INCOME & EXPENSE | |
Loan Income | 14,342,321 |
Investment Income | 2,828,400 |
Other Income | 3,001,876 |
Total Employee Compensation & Benefits | 6,550,949 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 7,306,739 |
Non-operating Income & (Expense) | 59,492 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 693,425 |
Cost of Funds | 2,740,174 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 6,132,501 |
↑ Back to Top |