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PENTAGON FEDERAL CREDIT UNION (PENFED)

Dec, 31, 2020 — PENTAGON FEDERAL CREDIT UNION (PENFED) is a federal credit union headquartered in MCLEAN, VA with 49 branch locations and about $26.74 billion in total assets. Opened 86 years ago in 1935, PENTAGON FEDERAL CREDIT UNION (PENFED) has more than 2.2 million members and employs 2,776 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:49 branch locations
Members:2,157,747
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, 2019
FHLB Member:Yes
Low Income Designation:No
Assets:$26,740,250,158
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 2,118,215,561
TOTAL INVESTMENTS 1,904,323,375
Loans Held for Sale 1,991,570,712
 
 Real Estate Loans 10,827,761,428
 Unsecured Loans 4,275,112,092
 Other Loans 3,849,601,080
 TOTAL LOANS 18,952,474,600
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -244,748,792
 Land And Building 315,033,610
 Other Fixed Assets 227,352,673
 NCUSIF Deposit 169,541,788
 All Other Assets 1,306,486,631
  TOTAL ASSETS 26,740,250,158
LIABILITIES & CAPITAL:  
 Dividends Payable 11,716,223
 Notes & Interest Payable 3,766,882,329
 Accounts Payable & Other Liabilities 486,675,555
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,718,333,024
 Regular shares 6,485,811,980
 All Other Shares & Deposits 11,492,741,668
  TOTAL SHARES & DEPOSITS 19,696,886,672
  TOTAL LIABILITIES 23,962,160,779
 Regular Reserve 90,900,456
 Other Reserves 13,136,049
 Undivided Earnings 2,674,052,874
  TOTAL EQUITY 2,778,089,379
  TOTAL LIABILITIES, SHARES, & EQUITY 26,740,250,158
INCOME & EXPENSE  
 Loan Income 966,700,990
 Investment Income 45,728,393
 Other Income 338,855,584
 Total Employee Compensation & Benefits 286,652,520
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 349,723,649
 Non-operating Income & (Expense) 2,502,839
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 251,793,008
 Cost of Funds 332,576,167
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 133,042,462
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