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PENTAGON FEDERAL CREDIT UNION (PENFED)

Dec, 31, 2021 — PENTAGON FEDERAL CREDIT UNION (PENFED) is a federal credit union headquartered in MCLEAN, VA with 44 branch locations and about $32.52 billion in total assets. Opened 87 years ago in 1935, PENTAGON FEDERAL CREDIT UNION (PENFED) has more than 2.6 million members and employs 3,630 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:2,553,760
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:$32,520,025,379
CEO/Manager:James R Schenck
Chairperson:Edward B Cody

Call Report

  • Credit Builder
  • Payday Alternative Loans (PAL Loans)
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 554,803,847
TOTAL INVESTMENTS 2,348,431,901
Loans Held for Sale 3,910,277,179
 
 Real Estate Loans 12,419,929,856
 Unsecured Loans 5,376,079,046
 Other Loans 5,952,593,472
 TOTAL LOANS 23,748,640,133
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -251,355,174
 Land And Building 299,803,356
 Other Fixed Assets 236,714,675
 NCUSIF Deposit 184,809,348
 All Other Assets 1,487,900,114
  TOTAL ASSETS 32,520,025,379
LIABILITIES & CAPITAL:  
 Dividends Payable 10,286,114
 Notes & Interest Payable 5,847,259,844
 Accounts Payable & Other Liabilities 473,655,912
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,093,612,287
 Regular shares 8,371,028,326
 All Other Shares & Deposits 12,623,340,889
  TOTAL SHARES & DEPOSITS 23,087,981,502
  TOTAL LIABILITIES 29,419,183,372
 Regular Reserve 90,900,456
 Other Reserves 40,369,981
 Undivided Earnings 2,969,571,570
  TOTAL EQUITY 3,100,842,007
  TOTAL LIABILITIES, SHARES, & EQUITY 32,520,025,379
INCOME & EXPENSE  
 Loan Income 1,020,421,605
 Investment Income 35,360,544
 Other Income 52,856,206
 Total Employee Compensation & Benefits 381,951,107
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 480,396,573
 Non-operating Income & (Expense) -15,928,805
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 135,107,285
 Cost of Funds 246,498,007
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 295,518,696
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