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.
| 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 |
| 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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