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PENTAGON FEDERAL CREDIT UNION (PENFED)

Dec, 31, 2023 — PENTAGON FEDERAL CREDIT UNION (PENFED) is a federal credit union headquartered in MCLEAN, VA with 43 branch locations and about $34.82 billion in total assets. Opened 89 years ago in 1935, PENTAGON FEDERAL CREDIT UNION (PENFED) has more than 2.9 million members and employs 3,136 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:https://www.penfed.org
Branches:43 branch locations
Members:2,862,415
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, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$34,823,233,611
CEO/Manager:James R Schenck
Chairperson:Edward B Cody

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 681,659,735
TOTAL INVESTMENTS 0
Loans Held for Sale 108,995,664
 
 Real Estate Loans 17,117,586,227
 Unsecured Loans 5,487,327,247
 Other Loans 6,329,398,086
 TOTAL LOANS 28,934,875,608
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -690,718,134
 Land And Building 271,659,138
 Other Fixed Assets 280,095,985
 NCUSIF Deposit 242,615,042
 All Other Assets 30,010,855
  TOTAL ASSETS 34,823,233,611
LIABILITIES & CAPITAL:  
 Dividends Payable 34,147,428
 Notes & Interest Payable 1,916,000,000
 Accounts Payable & Other Liabilities 456,217,587
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,998,774,076
 Regular shares 7,440,251,240
 All Other Shares & Deposits 20,052,669,756
  TOTAL SHARES & DEPOSITS 29,491,695,072
  TOTAL LIABILITIES 31,909,149,949
 Regular Reserve 0
 Other Reserves 164,039,557
 Undivided Earnings 2,750,044,105
  TOTAL EQUITY 2,914,083,662
  TOTAL LIABILITIES, SHARES, & EQUITY 34,823,233,611
INCOME & EXPENSE  
 Loan Income 1,713,456,838
 Investment Income 114,940,502
 Other Income 141,056,044
 Total Employee Compensation & Benefits 377,576,382
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 438,667,287
 Non-operating Income & (Expense) -10,067,009
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 452,885,802
 Cost of Funds 778,687,149
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 49,546,974
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