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National Credit Union Service Organization

PEN AIR FEDERAL CREDIT UNION

Dec, 31, 2020 — PEN AIR FEDERAL CREDIT UNION is a federal credit union headquartered in Pensacola, FL with 15 branch locations and about $2.14 billion in total assets. Opened 85 years ago in 1936, PEN AIR FEDERAL CREDIT UNION has about 115,098 members and employs 335 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 263281695
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:15 branch locations
Members:115,098
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, 2019
FHLB Member:Yes
Low Income Designation:No
Assets:$2,144,478,361
CEO/Manager:William C Scarborough
Chairperson:Robert Jacobson

Call Report

  • Commercial Loans
  • Credit Builder
  • Indirect Consumer Loans
  • Interest Only or Payment Option 1st Mortgage Loans
  • Micro Business Loans
  • Micro Consumer Loans
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • First Time Homebuyer Program
  • Health Savings Accounts
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 336,111,561
TOTAL INVESTMENTS 679,322,465
Loans Held for Sale 4,404,718
 
 Real Estate Loans 297,815,983
 Unsecured Loans 101,560,541
 Other Loans 649,949,384
 TOTAL LOANS 1,051,640,393
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -14,731,887
 Land And Building 42,209,516
 Other Fixed Assets 8,677,736
 NCUSIF Deposit 15,023,494
 All Other Assets 21,820,365
  TOTAL ASSETS 2,144,478,361
LIABILITIES & CAPITAL:  
 Dividends Payable 710
 Notes & Interest Payable 40,059,390
 Accounts Payable & Other Liabilities 20,372,847
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 300,486,552
 Regular shares 797,353,611
 All Other Shares & Deposits 756,022,338
  TOTAL SHARES & DEPOSITS 1,853,862,501
  TOTAL LIABILITIES 1,914,295,448
 Regular Reserve 35,506,241
 Other Reserves 3,232,173
 Undivided Earnings 191,444,499
  TOTAL EQUITY 230,182,913
  TOTAL LIABILITIES, SHARES, & EQUITY 2,144,478,361
INCOME & EXPENSE  
 Loan Income 54,654,744
 Investment Income 8,712,376
 Other Income 23,906,751
 Total Employee Compensation & Benefits 26,966,254
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 26,163,106
 Non-operating Income & (Expense) 1,383,134
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 11,880,610
 Cost of Funds 14,089,746
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 9,557,289
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