Dec, 31, 2021 — PENTAGON FEDERAL CREDIT UNION (PENFED) is a federal credit union headquartered in MCLEAN, VA with 44 branch locations and about $32.52 billion in total assets. Opened 87 years ago in 1935, PENTAGON FEDERAL CREDIT UNION (PENFED) has more than 2.6 million members and employs 3,630 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 |
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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: | 2,553,760 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 227 |
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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: | $32,520,025,379 |
CEO/Manager: | James R Schenck |
Chairperson: | Edward B Cody |
ASSETS: | $ Amount |
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Cash & Equivalents | 554,803,847 |
TOTAL INVESTMENTS | 2,348,431,901 |
Loans Held for Sale | 3,910,277,179 |
Real Estate Loans | 12,419,929,856 |
Unsecured Loans | 5,376,079,046 |
Other Loans | 5,952,593,472 |
TOTAL LOANS | 23,748,640,133 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -251,355,174 |
Land And Building | 299,803,356 |
Other Fixed Assets | 236,714,675 |
NCUSIF Deposit | 184,809,348 |
All Other Assets | 1,487,900,114 |
TOTAL ASSETS | 32,520,025,379 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 10,286,114 |
Notes & Interest Payable | 5,847,259,844 |
Accounts Payable & Other Liabilities | 473,655,912 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,093,612,287 |
Regular shares | 8,371,028,326 |
All Other Shares & Deposits | 12,623,340,889 |
TOTAL SHARES & DEPOSITS | 23,087,981,502 |
TOTAL LIABILITIES | 29,419,183,372 |
Regular Reserve | 90,900,456 |
Other Reserves | 40,369,981 |
Undivided Earnings | 2,969,571,570 |
TOTAL EQUITY | 3,100,842,007 |
TOTAL LIABILITIES, SHARES, & EQUITY | 32,520,025,379 |
INCOME & EXPENSE | |
Loan Income | 1,020,421,605 |
Investment Income | 35,360,544 |
Other Income | 52,856,206 |
Total Employee Compensation & Benefits | 381,951,107 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 480,396,573 |
Non-operating Income & (Expense) | -15,928,805 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 135,107,285 |
Cost of Funds | 246,498,007 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 295,518,696 |
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