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.
| 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 |
| 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 |
| ↑ Back to Top | |