Credit union
Pentagon Federal Credit Union
Mclean, Virginia, Fairfax County, VA
$29.2B in total assets and 2,751,004 members, the 5th largest of 4,298 US credit unions and 2nd of 95 headquartered in Virginia.
- NCUA charter
- 227
- Charter
- Federal
- Chartered
- 1935
- NCUA insured since
- 1971
- Field of membership
- Multiple common bond - primarily military
- Website
- http://www.penfed.org
At a glance
Compared with 23 US federally insured credit unions with $10 billion to $100 billion in assets, as of June 30, 2026.
| Measure | This credit union | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $29.2B | 87% | $17.3B | |
| Loans | $22.0B | 91% | $13.7B | |
| Deposits (shares) | $25.1B | 87% | $14.7B | |
| Members | 2,751,004 | 96% | 953,370 | |
| Return on assets | 0.99% | 61% | 0.89% | |
| Net interest income to assets | 2.93% | 30% | 3.21% | |
| Efficiency ratio | 66.3% | 65% | 61.1% | |
| Net worth ratio | 10.72% | 52% | 10.12% | |
| Loans to shares | 88% | 39% | 91% | |
| Cost of deposits | 2.08% | 39% | 2.24% |
Ratios are annualized from year-to-date figures. Return on assets uses average assets, as NCUA does. Cost of deposits includes dividends on shares.
Growth
Total assets grew 3.8% a year over 10 years and 1.1% a year over the last 5, including 19 mergers in the last 10 years. Membership grew 3.3% a year over 5 years, to 2,751,004.
Dashed lines mark larger mergers, listed below.
Mergers and acquisitions
| Closed | Absorbed | Assets at last filing |
|---|---|---|
| Oct 2022 | Allus Credit Union Credit union, Salinas, CA | $50M |
| Feb 2022 | NMA Federal Credit Union Credit union, Virginia Beach, VA | $64M |
| Jul 2021 | Defense Logistics Federal Credit Union Credit union, failed, Picatinny Arsen, NJ | $446K |
| Apr 2021 | Aspire Federal Credit Union Credit union, Clark, NJ | $142M |
| Apr 2021 | Post Office Credit Union Credit union, Madison, WI | $35M |
| Dec 2020 | Sperry Associates Federal Credit Union Credit union, Garden City Par, NY | $265M |
| Dec 2019 | Magnify Credit Union Credit union, Mulberry, FL | $80M |
| May 2019 | McGraw Hill Federal Credit Union Credit union, East Windsor, NJ | $420M |
| Jan 2019 | Progressive Credit Union Credit union, New York, NY | $326M |
| Dec 2018 | Texas Partners Federal Credit Union Credit union, Killeen, TX | $156M |
| Oct 2018 | Fremont First Central Federal Credit Union Credit union, Fremont, NE | $40M |
| Jun 2017 | Augusta Metro Federal Credit Union Credit union, Augusta, GA | $118M |
| Jun 2017 | Suntide Federal Credit Union Credit union, Corpus Christi, TX | $66M |
| May 2017 | Miramar Federal Credit Union Credit union, San Diego, CA | $173M |
| Apr 2017 | Kyang Federal Credit Union Credit union, Louisville, KY | $10M |
| Mar 2017 | Valor Federal Credit Union Credit union, Scranton, PA | $228M |
| Jan 2017 | Energy Federal Credit Union Credit union, Rockville, MD | $102M |
| Nov 2016 | High Plains Federal Credit Union Credit union, Clovis, NM | $41M |
| Aug 2016 | Alamo Federal Credit Union Credit union, San Antonio, TX | $44M |
| May 2016 | Belvoir Federal Credit Union Credit union, Woodbridge, VA | $333M |
| Feb 2016 | Fort Gordon and Community Credit Union Credit union, Fort Gordon, GA | $66M |
| Dec 2015 | Navfac Federal Credit Union Credit union, Honolulu, HI | $27M |
| Dec 2015 | Aafes Federal Credit Union Credit union, Dallas, TX | $92M |
| Nov 2015 | Corps of Engineers Federal Credit Union Credit union, Fort Worth, TX | $41M |
| Dec 2010 | Tripler Federal Credit Union Credit union, Honolulu, HI | $12M |
Where they operate
38 branches in 27 counties.
6 of 38 branch locations are approximate (ZIP code centers).
Largest counties by branches
| County | Branches | Share of all branches | Rank |
|---|---|---|---|
| District Of Columbia County, DC | 3 | 1.1% | 16 of 83 |
| Bell County, TX | 3 | 3.6% | 8 of 29 |
| Fairfax County, VA | 3 | 1.0% | 17 of 61 |
| Richmond County, GA | 2 | 4.1% | 9 of 23 |
| Honolulu County, HI | 2 | 0.8% | 22 of 41 |
| Orange County, NY | 2 | 1.9% | 14 of 32 |
| Guaynabo County, PR | 2 | 11.8% | 4 of 6 |
| Bexar County, TX | 2 | 0.5% | 30 of 72 |
Credit unions do not report deposits by branch, so these are branch counts: this credit union's branches against every bank and credit union branch in the county. Rank is among all banks and credit unions with a branch there.
Branches by year
| Year end | Branches | Change |
|---|---|---|
| 2016 | 44 | |
| 2017 | 53 | +9 |
| 2018 | 50 | −3 |
| 2019 | 56 | +6 |
| 2020 | 49 | −7 |
| 2021 | 44 | −5 |
| 2022 | 48 | +4 |
| 2023 | 43 | −5 |
| 2024 | 39 | −4 |
| 2025 | 37 | −2 |
| Jun 2026 | 38 | +1 |
Member-serving offices as listed in NCUA call reports. Changes include branches gained in mergers.
Earnings and credit
Return on assets
Year to date, annualized, with the peer median.
Credit and capital
| This credit union | Peer median | |
|---|---|---|
| Delinquent loans, 60+ days | 1.07% | 0.91% |
| Net worth ratio | 10.72% | 10.12% |
| Loans to shares | 88% | 91% |
Delinquent loans are two or more months past due. Net worth is NCUA's capital measure for credit unions.
Related
Credit unions of similar size in Virginia
Most branches in District Of Columbia County, DC
Figures as of June 30, 2026 from the credit union's NCUA call report (Form 5300), NCUA's credit union locator and FFIEC merger records.