Sep, 30, 2025 — PENTAGON FEDERAL CREDIT UNION (PENFED) is a federal credit union headquartered in MCLEAN, VA with 37 branch locations and about $29.35 billion in total assets. Opened 91 years ago in 1935, PENTAGON FEDERAL CREDIT UNION (PENFED) has more than 2.7 million members and employs 2,816 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PENTAGON FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 7940 JONES BRANCH DR MCLEAN, VA 22102 |
| Phone: | (571) 341-6706 |
| Fax: | (571) 341-6727 |
| Website: | https://www.penfed.org |
| Branches: | 37 branch locations |
| Members: | 2,748,653 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 227 |
|---|---|
| Membership Type: | Multiple common bond - Primarily military |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $29,352,107,429 |
| CEO/Manager: | James R Schenck |
| Chairperson: | Edward B Cody |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 867,611,942 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 155,357,625 |
| Real Estate Loans | 15,203,306,447 |
| Unsecured Loans | 3,512,858,543 |
| Other Loans | 4,285,019,865 |
| TOTAL LOANS | 23,001,692,682 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -651,914,830 |
| Land And Building | 243,698,434 |
| Other Fixed Assets | 255,461,788 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 233,927,344 |
| All Other Assets | 49,585,084 |
| TOTAL ASSETS | 29,352,107,429 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 23,306,870 |
| Notes & Interest Payable | 619,000,000 |
| Accounts Payable & Other Liabilities | 421,446,137 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,077,104,699 |
| Regular shares | 10,281,618,146 |
| All Other Shares & Deposits | 13,059,712,921 |
| TOTAL SHARES & DEPOSITS | 25,418,435,766 |
| TOTAL LIABILITIES | 26,490,675,971 |
| Regular Reserve | 0 |
| Other Reserves | -4,643,155 |
| Undivided Earnings | 2,866,074,613 |
| TOTAL EQUITY | 2,861,431,458 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 29,352,107,429 |
| INCOME & EXPENSE | |
| Loan Income | 1,037,284,070 |
| Investment Income | 122,599,493 |
| Other Income | 81,242,822 |
| Total Employee Compensation & Benefits | 271,632,399 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 297,709,359 |
| Non-operating Income & (Expense) | 105,628,695 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 299,278,252 |
| Cost of Funds | 483,950,509 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 111,814,309 |
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