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PENTAGON FEDERAL CREDIT UNION (PENFED)

Mar, 31, 2021 — PENTAGON FEDERAL CREDIT UNION (PENFED) is a federal credit union headquartered in MCLEAN, VA with 44 branch locations and about $27.25 billion in total assets. Opened 86 years ago in 1935, PENTAGON FEDERAL CREDIT UNION (PENFED) has more than 2.2 million members and employs 2,953 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: 256078446
Name:PENTAGON FEDERAL CREDIT UNION
Address:
(Main Office)
7940 JONES BRANCH DR
MCLEAN, VA 22102
Phone:(571) 341-6706
Fax:(571) 341-6727
Website:http://www.penfed.org
Branches:44 branch locations
Members:2,230,593
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$27,254,912,909
CEO/Manager:James R Schenck
Chairperson:Edward B Cody

Call Report

  • Commercial Loans
  • Credit Builder
  • Debt Cancellation/Suspension
  • Indirect Consumer Loans
  • Interest Only or Payment Option 1st Mortgage Loans
  • Overdraft Lines of Credit
  • Participation Loans
  • Real Estate Loans
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,761,413,637
TOTAL INVESTMENTS 2,176,897,277
Loans Held for Sale 1,270,378,507
 
 Real Estate Loans 10,724,660,342
 Unsecured Loans 4,444,030,765
 Other Loans 4,036,582,765
 TOTAL LOANS 19,205,357,364
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -252,536,130
 Land And Building 311,589,223
 Other Fixed Assets 228,042,981
 NCUSIF Deposit 169,541,788
 All Other Assets 1,384,228,262
  TOTAL ASSETS 27,254,912,909
LIABILITIES & CAPITAL:  
 Dividends Payable 9,477,170
 Notes & Interest Payable 3,723,749,686
 Accounts Payable & Other Liabilities 472,378,608
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,917,150,818
 Regular shares 7,301,717,750
 All Other Shares & Deposits 10,993,942,597
  TOTAL SHARES & DEPOSITS 20,212,811,165
  TOTAL LIABILITIES 24,418,416,629
 Regular Reserve 90,900,456
 Other Reserves 14,340,796
 Undivided Earnings 2,731,255,028
  TOTAL EQUITY 2,836,496,280
  TOTAL LIABILITIES, SHARES, & EQUITY 27,254,912,909
INCOME & EXPENSE  
 Loan Income 230,671,670
 Investment Income 8,787,980
 Other Income 14,396,532
 Total Employee Compensation & Benefits 80,327,054
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 107,874,905
 Non-operating Income & (Expense) -7,417,269
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 40,561,396
 Cost of Funds 65,648,954
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 57,202,155
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