Pentagon Federal Credit Union
7940 Jones Branch Dr
Mclean, VA 22102
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ACH 256078446
Phone 1-800-247-5626
2023 Overview
General Credit Union Information
Pentagon is an NCUA insured institution located in Mclean, VA. It was founded in 1935 and has approximately $35526.36 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 | $35,526.36 million |
| Loans | $29,731.49 million |
| Deposits | $27,716.60 million |
| Capital | $3,383.83 million |
Field of Membership Restrictions
Deposit Rates - June 7, 2023
Your Current Location: Virginia, VA 20146
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| REGULAR SAVINGS
|
0.05% | $0 | $2,500 |
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|
| Premium Online Savings
|
2.70% | $5 | $250,000 |
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|
|
Money Market
|
0.05% | $0 | $10,000 |
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|
|
Money Market
|
0.10% | $10,000 | $99,999 |
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|
|
Money Market
|
0.15% | $100,000 | - |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Month MONEY MARKET CERTIFICATES
|
2.70% | $1,000 | - |
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|
| 12 Month MONEY MARKET CERTIFICATES
|
4.46% | $1,000 | - |
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|
| 15 Month MONEY MARKET CERTIFICATES
|
4.65% | $1,000 | - |
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|
| 18 Month MONEY MARKET CERTIFICATES
|
4.45% | $1,000 | - |
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|
| 2 Year MONEY MARKET CERTIFICATES
|
4.45% | $1,000 | - |
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|
| 3 Years MONEY MARKET CERTIFICATES
|
4.45% | $1,000 | - |
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|
| 4 Year MONEY MARKET CERTIFICATES
|
4.45% | $1,000 | - |
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|
| 5 Year MONEY MARKET CERTIFICATES
|
4.45% | $1,000 | - |
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|
| 7 Years MONEY MARKET CERTIFICATES
|
3.80% | $1,000 | - |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| 1 Year
|
4.45% | $1,000 | - | Learn More |
| 2 Year
|
4.45% | $1,000 | - | Learn More |
| 3 Years
|
4.45% | $1,000 | - | Learn More |
| 4 Year
|
4.45% | $1,000 | - | Learn More |
| 5 Year
|
4.45% | $1,000 | - | Learn More |
| 7 Years
|
3.75% | $1,000 | - | Learn More |
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Access America Checking
|
0.15% | $0 | $19,999 | Learn More |
| Access America Checking
|
0.35% | $20,000 | $50,000 | Learn More |
Loan Rates - June 7, 2023
Your Current Location: Virginia, VA 20146
| 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, LLC
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 5.910% APR and 5.750% 30-Year Fixed RATE from PenFed Credit Union
See All Mortgage Rates |
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| 30 Year Fixed Jumbo See Amortization Table |
7.01% | 7.00% | $1,663.26 | |
|
Compare with 5.910% APR and 5.750% 30-Year Fixed RATE from PenFed Credit Union
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:
Ashburn,Virginia
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 |
|---|---|
| 7.47% | 5.90 |
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, 2022, Pentagon had $258,331,244 in non-current loans and $15,457,626 in owned assets. To cover these potential losses it had $3,383,834,725 in net worth and $280,784,860 in loans loss reserves. That gives it a Texas Ratio of 7.47%.
Net Worth
| Pentagon | U.S. Average |
|---|---|
| 9.52% | 12.75% |
Pentagon FCU has a net worth of 9.52% versus the BestCashCow average of 12.75. 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 (13)
Michael
November 11, 2022 |
I have been with PenFed for a number of years, and have gotten good products. Employees have been helpful. However, beware of titling for accounts with trusts.
You will not be able to distinguish between names of personal accounts and names of trusts. This becomes a problem in that trustees are listed as joint owners for a trust account. They sent letters to clarify this issue and the letters made my point.
This is a problem waiting to happen.
Is this review helpful? Yes:0 / No: 0
Devildog
November 2, 2022 |
There’s a reason why this financial institution gets low ratings. The Leadership is slow to change. Just look at the archaic website and the reasons why members complain. The Directors are year past their prime in understanding what the new investors want. Believe it or not its not what you are producing and selling.
Is this review helpful? Yes:1 / No: 0
S.B
October 27, 2022 |
I have been with PenFed going on 12yrs. I only use them for online savings(MMA) and CD laddering. I have never have experienced any problems. Since dealing with MMA's rates go with the flow, they let you know that up front when you sign up. If you want a guaranteed rate lock into a CD, I am fortunate enough that they recently built a branch office near me allow person to person communication .
Is this review helpful? Yes:0 / No: 0
Tanker
August 10, 2022 |
While they offered good rates, I got nothing but the runaround on membership. Twice submitted required forms in which they said were not clear enough, but only after I called them to see what the holdup was. Very poor communications.
Is this review helpful? Yes:1 / No: 0
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:1 / No: 0
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