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PENTAGON FEDERAL CREDIT UNION (PENFED)

Sep, 30, 2021 — PENTAGON FEDERAL CREDIT UNION (PENFED) is a federal credit union headquartered in MCLEAN, VA with 44 branch locations and about $29.70 billion in total assets. Opened 86 years ago in 1935, PENTAGON FEDERAL CREDIT UNION (PENFED) has more than 2.4 million members and employs 3,455 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:2,436,330
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:$29,698,335,969
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 898,967,089
TOTAL INVESTMENTS 2,408,059,378
Loans Held for Sale 1,108,364,314
 
 Real Estate Loans 12,756,108,312
 Unsecured Loans 5,142,423,043
 Other Loans 5,470,001,742
 TOTAL LOANS 23,368,575,145
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -244,338,241
 Land And Building 304,350,102
 Other Fixed Assets 233,616,144
 NCUSIF Deposit 178,377,606
 All Other Assets 1,442,364,432
  TOTAL ASSETS 29,698,335,969
LIABILITIES & CAPITAL:  
 Dividends Payable 8,503,606
 Notes & Interest Payable 4,272,818,212
 Accounts Payable & Other Liabilities 635,027,953
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,108,345,297
 Regular shares 8,047,793,226
 All Other Shares & Deposits 11,608,547,396
  TOTAL SHARES & DEPOSITS 21,764,685,919
  TOTAL LIABILITIES 26,681,035,690
 Regular Reserve 90,900,456
 Other Reserves 30,541,996
 Undivided Earnings 2,895,857,827
  TOTAL EQUITY 3,017,300,279
  TOTAL LIABILITIES, SHARES, & EQUITY 29,698,335,969
INCOME & EXPENSE  
 Loan Income 727,346,003
 Investment Income 26,062,456
 Other Income 35,551,682
 Total Employee Compensation & Benefits 271,912,000
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 343,235,886
 Non-operating Income & (Expense) -433,870
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 94,458,996
 Cost of Funds 185,040,457
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 221,804,953
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