Pen Air Federal Credit Union

Headquarters

1495 E Nine Mile Rd
Pensacola, FL 32514
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.30% 1.65% →
1-Year CD 0.70% 2.02% →
2-Year CD 0.90% 2.87% →
5-Year CD 1.25% 3.50% →
30-Year Mortgage N.A. 6.31% →
15-Year Mortgage N.A. 5.86% →
HELOC N.A. 2.79% →

2022 Overview

General Credit Union Information

Pen Air is an NCUA insured institution located in Pensacola, FL. It was founded in 1936 and has approximately $2321.7 millions in assets.

Who can join?

Active duty or retired military and their immediate families

Employees of federal civil service employees and their immediate families

Employees of their Select Employee Groups and their immediate families

Friends of the Navy-Marine Corps Relief Society Member

Immediate family members of an eligible member, or residents of the same household as an eligible member, may also join. Depending on employer, other conditions may be required for membership.

NCUA Insured Yes / Federally Chartered
Charter Number # # 1303
Date Established 1936
Assets $2,321.70 million
Loans $1,106.43 million
Deposits $2,028.57 million
Capital $248.02 million
 

Field of Membership Restrictions

Membership is open to anyone through becoming a member of the Friends of the Navy-Marine Corps Relief Society by making a $3 donation. Membership is open to (1) active duty or retired military; (2) federal civil service employee; (3) employees of US Environmental Protection Agency, Time Warner Cable, and over 500 Select Employer Groups.

Deposit Rates - July 3, 2022

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.30% $2,500 $4,999 Learn More
Money Market
0.35% $2,500 $2,999 Learn More
Money Market
0.45% $10,000 $14,999 Learn More
Money Market
0.45% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.55% $10,000 - Learn More
12 Mo CD
0.70% $10,000 - Learn More
18 Mo CD
0.80% $10,000 - Learn More
24 Mo CD
0.90% $10,000 - Learn More
36 Mo CD
1.05% $10,000 - Learn More
48 Mo CD
1.15% $10,000 - Learn More
60 Mo CD
1.25% $10,000 - Learn More
Fixed IRA Rates APY MIN MAX
6 Mo FIRA
0.55% $10,000 - Learn MoreShow Less
12 Mo FIRA
0.70% $10,000 - Learn MoreShow Less
18 Mo FIRA
0.80% $10,000 - Learn MoreShow Less
24 Mo FIRA
0.90% $10,000 - Learn MoreShow Less
36 Mo FIRA
1.05% $10,000 - Learn MoreShow Less
48 Mo FIRA
1.15% $10,000 - Learn MoreShow Less
60 Mo FIRA
1.25% $10,000 - Learn MoreShow Less

Loan Rates - July 3, 2022

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for PEN AIR

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Virginia 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
5.955% 5.875% 0.75 $2,155 $1,479 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.887% 5.750% 1.00 $3,750 $1,459 Learn More
CHASE
NMLS ID: 399798
5.561% 5.490% 0.75 $1,970 $1,418 Learn More
Morty, Inc.
NMLS ID: 1429243
4.817% 4.750% 0.75 $1,940 $1,305 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
4.240 %
After Intro: 5.250 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to PEN AIR
To upload and update your bank's rates please register. It is free to register and add rates.


 

Branches

Below are Pen Air branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Pen Air Locations



Climate Initiatives

PEN AIR is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.

Financial Details

Pen Air Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Pen Air. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Pen Air U.S. Average
6.36% 4.85

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of December 31, 2021, Pen Air had $15,061,362 in non-current loans and $1,474,714 in owned assets. To cover these potential losses it had $248,022,774 in net worth and $11,876,063 in loans loss reserves. That gives it a Texas Ratio of 6.36%.

Net Worth
Pen Air U.S. Average
10.68% 12.36%

Pen Air FCU has a net worth of 10.68% versus the BestCashCow average of 12.36. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Customer Reviews for PEN AIR


  • April 13, 2021 |

    Please don't use Pen Air Federal Credit Union for a variety of reasons. The security system isn't set up with fraud in mind. The IRS deposited money into my child's account that wasn't intended for the member. The IRS even stated the bank should have blocked this transaction. Everyone I spoke with from both branches had zero compassion for grieving family members. Situation; I took my 19 year old autistic son to the bank to open him an account a year ago. While I sat with him he listed myself (father) as beneficiary. A year later my son committed suicide and after his funeral I shut his debit card off via phone but couldn't close the account until they opened the lobbies after Covid-19. Upon lobby's opening I brought in his death certificate to the Airport Branch and the teller said with no manager was in the office and they could not help. I drove to the main Nine Mile Branch and explained I needed to speak with the manager. The receptionist stated Tyler was not in the building. When I told her this is the Main Branch and there has to be a manager on site she said let me go check. Upon returning she said that he was just going into a meeting and I told her I would wait. Surprised, she then said he was with clients and I again said I would wait. One hour later a very nice lady asked my daughter and I why we were there and we said to speak to the manager. Moments later Tyler came out and said he knew nothing about us waiting on him (which I know isn't true as the receptionist originally walked into his office). After explaining everything to Tyler he makes two different calls, each time explaining my son's suicide and smirking at me each time he tells the situation and seeing tears fall from both my daughter and I. After hearing this twice he says I need legal paperwork to close his account and to see a lawyer or go to the courthouse. I asked him why this was necessary as the death certificate states he was never married, no children and lived at home. Tyler then says "I know how you feel" and I asked him if he's ever buried a child and he looks at me and says... "what did I say" and I pulled out my Pen Air debit and credit cards and said to give me my child's death certificate and take these two cards as I will never do business with your bank again. Zero compassion and not sympathetic given the entire situation. I have just changed my direct deposit and will go get the legal documents to close my son's account and mine on my last and final visit to this credit union. Please do not make the same mistake I did.

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