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PENTAGON FEDERAL CREDIT UNION (PENFED)

Jun, 30, 2021 — PENTAGON FEDERAL CREDIT UNION (PENFED) is a federal credit union headquartered in MCLEAN, VA with 44 branch locations and about $27.65 billion in total assets. Opened 86 years ago in 1935, PENTAGON FEDERAL CREDIT UNION (PENFED) has more than 2.3 million members and employs 3,175 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:2,340,002
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:$27,652,679,767
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 1,617,295,411
TOTAL INVESTMENTS 2,355,079,181
Loans Held for Sale 835,891,943
 
 Real Estate Loans 11,411,888,364
 Unsecured Loans 4,818,109,799
 Other Loans 4,711,589,660
 TOTAL LOANS 20,941,627,405
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -251,626,537
 Land And Building 309,952,976
 Other Fixed Assets 230,185,589
 NCUSIF Deposit 178,377,606
 All Other Assets 1,435,896,193
  TOTAL ASSETS 27,652,679,767
LIABILITIES & CAPITAL:  
 Dividends Payable 9,566,969
 Notes & Interest Payable 3,626,213,316
 Accounts Payable & Other Liabilities 564,814,126
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,001,572,611
 Regular shares 7,811,018,414
 All Other Shares & Deposits 10,717,075,142
  TOTAL SHARES & DEPOSITS 20,529,666,167
  TOTAL LIABILITIES 24,730,260,578
 Regular Reserve 90,900,456
 Other Reserves 24,668,250
 Undivided Earnings 2,806,850,483
  TOTAL EQUITY 2,922,419,189
  TOTAL LIABILITIES, SHARES, & EQUITY 27,652,679,767
INCOME & EXPENSE  
 Loan Income 467,112,613
 Investment Income 17,331,469
 Other Income 19,183,142
 Total Employee Compensation & Benefits 172,272,817
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 218,109,876
 Non-operating Income & (Expense) -8,304,031
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 68,626,154
 Cost of Funds 125,319,485
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 132,797,609
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