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.
| 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 |
| 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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