2020 Overview
General Credit Union Information
Pen Air is an NCUA insured institution located in Pensacola, FL. It was founded in 1936 and has approximately $1657.16 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 |
| Charter Number # | # 1303 |
| Date Established | 1936 |
| Assets | $1,657.16 million |
| Loans | $997.23 million |
| Deposits | $1,377.33 million |
| Capital | $219.60 million |
Field of Membership Restrictions
Deposit Rates - October 27, 2020
Your Current Location: Virginia, VA 20146
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.30% | $2,500 | $4,999 |
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|
|
Money Market
|
0.45% | $2,500 | $2,999 |
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|
|
Money Market
|
0.45% | $10,000 | $14,999 |
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|
|
Money Market
|
0.60% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 3 Mo CD
|
0.50% | $10,000 | $14,999 |
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|
| 3 Mo CD
|
0.50% | $100,000 | $199,999 |
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|
| 6 Mo CD
|
0.90% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.90% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
1.25% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
1.25% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
1.35% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
1.35% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
1.40% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
1.40% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
1.45% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
1.45% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
1.55% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
1.55% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.60% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.60% | $100,000 | $199,999 |
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|
Loan Rates - October 27, 2020
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 2020
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 3030 |
3.746% | 3.625% | 1.00 | $3,750 | $1,141 | Learn More |
NMLS ID: 2890 License#: MC-3098 |
2.674% | 2.625% | 0.63 | $1,595 | $1,005 | Learn More |
NMLS ID: 1948084 License#: MC-7051 |
2.561% | 2.500% | 0.75 | $2,021 | $988 | Learn More |
|
NMLS ID: 3030 |
3.746% | 3.625% | 1.00 | $3,750 | $1,141 | Learn More |
Featured - Virginia Home Equity Line Of Credit Rates 2020
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Bethpage Federal Credit Union See Table |
Intro APR 2.990 % After Intro: 3.500 % Intro Period: 12 months |
$25,000 |
Learn More
More Info |
Third Federal Savings and Loans See Table |
2.240 %
|
$0 |
Learn More
More Info |
Note to PEN AIR
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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
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 |
|---|---|
| 7.66% | 6.71 |
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 March 30, 2020, Pen Air had $16,579,459 in non-current loans and $1,027,144 in owned assets. To cover these potential losses it had $219,602,944 in net worth and $10,240,874 in loans loss reserves. That gives it a Texas Ratio of 7.66%.
Net Worth
| Pen Air | U.S. Average |
|---|---|
| 13.25% | 13.61% |
Pen Air FCU has a net worth of 13.25% versus the BestCashCow average of 13.61. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Frequently Asked Questions About Pen Air
Branches and Savings
What is Pen Air?
A federal credit union, registered with the NCUA under certificate #1303.
Learn more about credit unions here.
Is Pen Air FDIC insured?
No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.
Who can join Pen Air?
Please see Field of Membership information above for information on who is eligible to join.
How big is Pen Air?
Pen Air has total capital of $219.60 million. Full information on Pen Air's financial position is located above.
Who owns Pen Air?
Credit Unions are owned by their members.
Where are Pen Air branches located?
See branch locations nearby.
Are Pen Air ATMs Open 24/7?
Do Pen Air ATMs accept cash deposits?
Can Pen Air customers use other ATMs? What is the charge for withdrawing money from another ATM?
Does Pen Air have a mobile app?
Does Pen Air have mobile deposit?
Does Pen Air have quick pay?
How can Pen Air transfer money to other banks or credit unions?
Does Pen Air report to credit bureaus?
Does Pen Air use Chexsystems?
Does Pen Air use Equifax?
What is Pen Air's toll free phone number?
What is Pen Air's ACH Routing Number?
What is Pen Air's SWIFT code?
Where can I find Pen Air's wire transfer form?
What is the Pen Air address for deposits?
What Products Does Pen Air Offer
Does Pen Air offer home equity lines of credit and home equity loans?
Compare home equity lines of credit rates here.
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