Pentagon Federal Credit Union
7940 Jones Branch Dr
Mclean, VA 22102
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Phone 1-800-247-5626
2022 Overview
General Credit Union Information
Pentagon is an NCUA insured institution located in Mclean, VA. It was founded in 1935 and has approximately $32520.03 millions in assets.
Who can join?
Membership is open to those serving in the military or veterans as well as those belonging to a qualifying organization. In general, anyone can become a member by joining one of the participating organizations for a nominal fee.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 227 |
| Date Established | 1935 |
| Assets | $32,520.03 million |
| Loans | $23,748.64 million |
| Deposits | $23,087.98 million |
| Capital | $3,138.57 million |
Field of Membership Restrictions
Deposit Rates - June 29, 2022
Your Current Location: Connecticut, CT 06828
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Premium Online Savings
|
0.75% | $5 | $250,000 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Month CD
|
0.75% | $1,000 | - |
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|
| 12 Month CD
|
1.75% | $1,000 | - |
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|
| 15 Month CD
|
1.90% | $1,000 | - |
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|
| 36 Month CD
|
2.60% | $1,000 | - |
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|
| 48 Month CD
|
2.60% | $1,000 | - |
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|
| 60 Month CD
|
3.50% | $1,000 | - |
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|
Loan Rates - June 29, 2022
Your Current Location: Connecticut, CT 06828
| Home Equity Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| Line of Credit See Table |
3.75% | 3.75% | Varies | |
Compare with RATE Line of Credit from New American Funding
See All Home Equity Rates |
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| Auto Loan Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 3 Year | 2.14% | 2.14% | $717.59 | |
| 4 Year | 2.74% | 2.74% | $550.49 | |
| 5 Year | 2.89% | 2.89% | $448.00 |
| Refinance Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 15 Year Fixed Conforming See Amortization Table |
6.00% | 6.00% | $2,109.64 | |
| 15 Year Fixed Jumbo See Amortization Table |
7.01% | 7.00% | $2,247.07 | |
| 30 Year Fixed Conforming See Amortization Table |
6.52% | 6.50% | $1,580.17 | |
| 30 Year Fixed Jumbo See Amortization Table |
7.01% | 7.00% | $1,663.26 |
| Purchase Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 15 Year Fixed Conforming See Amortization Table |
6.04% | 6.00% | $2,109.64 | |
| 15 Year Fixed Jumbo See Amortization Table |
7.01% | 7.00% | $2,247.07 | |
| 30 Year Fixed Conforming See Amortization Table |
6.52% | 6.50% | $1,580.17 | |
Compare with 6.094% APR and 5.990% 30-Year Fixed RATE from Rocket Mortgage
See All Mortgage Rates |
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| 30 Year Fixed Jumbo See Amortization Table |
7.01% | 7.00% | $1,663.26 | |
|
Compare with 6.094% APR and 5.990% 30-Year Fixed RATE from Rocket Mortgage
See All Mortgage Rates |
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Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.
Branches
Below are Pentagon 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:
Fairfield,Connecticut
Climate Initiatives
PENTAGON is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
Financial Details
Pentagon Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Pentagon. 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
| Pentagon | U.S. Average |
|---|---|
| 5.79% | 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, Pentagon had $177,038,248 in non-current loans and $19,302,883 in owned assets. To cover these potential losses it had $3,138,567,837 in net worth and $251,355,174 in loans loss reserves. That gives it a Texas Ratio of 5.79%.
Net Worth
| Pentagon | U.S. Average |
|---|---|
| 9.65% | 12.36% |
Pentagon FCU has a net worth of 9.65% 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 PENTAGON (9)
Nathan
May 28, 2022 |
Did business with them for many years, but the quality of service has really gone down. The small improvement in interest rate not offset by the very dismal customer service.
Is this review helpful? Yes:0 / No: 0
CreditCardPathFinder
April 4, 2022 |
I waited 10 minutes to talk to a person and she didn't solve my credit card problem. The worst service I have experienced in my life!
Is this review helpful? Yes:0 / No: 0
Gunner
December 21, 2021 | | Replies 1
I can positively state that poor customer service is the reason why businesses sink.
Pentagon Federal online media agent is limited and most times useless. The wait
time on the telephone to be asked name, DOB, last 4 SSN is getting old when you
are asked several times even by the person. Typically, when get a person they
are courteous, but are also limited on what they can help you with. Really (this 2021/2022).
Most companies have moved to relevant questions for identification, but
not Pentagon Fed. They still want you to vital info. In addition, the online system
is near obsolete. More to point. I made an internal transfer between accounts
checking to premium savings to open a CD. I was told via the telephone that it
takes two days for the system to recognize the update. Really... with most banks
its instantaneously. If you are planning to use this credit union for "literally anything"
plan to visit the site or talk with several telephone representatives multiple times.
This makes me appreciate NFCU or Goldman Sachs even more.
Is this review helpful? Yes:1 / No: 0
Gunner | Jun 29, 2022
Correction: After further communication, there is a 5 business day hold on internal holds. Not only is the website antiquated, their policies have not caught up with this decade.
LizaBBBB
September 6, 2020
Yes, Pentagon had good rate initially, but it disappeared at renewal. We have top credit score (835).
Is this review helpful? Yes:5 / No: 0
Frank
February 8, 2019 |
Customer service is good but rates lower after you deposit.
Is this review helpful? Yes:5 / No: 0
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