2 star ratingAverage User Rating:
2 star rating based on 1 review.

Pen Air Credit Union

Pen Air Credit Union Locations
1495 East Nine Mile Road
Pensacola, FL 32514
850-505-3200
www.penair.org

NCUA


Pen Air Credit Union is headquartered in Pensacola and is the 10st largest credit union in the state of Florida. It is also the 156th largest credit union in the nation. It was established in 1936 and as of December of 2012, it had grown to 301 employees and 91,013 members. Pen Air Credit Union's savings rates are 44% higher than the national average, and it has a 4-star health rating.

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See Rates for: Savings | Money Market | CD | IRA

Pen Air Credit Union Savings Account Rates

ApyMinMaxProduct
0.75%--Health Savings Account (HSA)
0.75%$25-Christmas Club
0.75%--Minor Account Savings
0.75%--Minor Account Secondary Savings
0.50%$75k-Savings Account
0.50%$75k-Business Savings Account

Pen Air Credit Union Money Market Rates

ApyMinMaxProduct
0.50%$200k-Money Market
0.50%$200k-Business Money Market

Pen Air Credit Union CD Rates

ApyMinMaxProduct
1.65%$500-60 Month CD
1.30%$500-48 Month CD
1.05%$500-24 Month CD
1.00%$500-36 Month Step-Up CD
0.90%$500-18 Month CD
0.80%$500-13 Month-Special CD
0.70%$1,500-15 Month Add-On CD
0.65%$500-12 Month CD
0.65%--12 Month Jump Start Certificate
0.60%$500-10 Month CD
0.40%$500-6 Month CD
0.25%$1,500-3 Month CD

Pen Air Credit Union IRA Rates

ApyMinMaxProduct
1.65%$500-60 Month IRA
1.65%$500-60 Month Roth IRA
1.65%$500-60 Month SEP IRA
1.65%$500-60 Month CESA
1.30%$500-48 Month IRA
1.30%$500-48 Month Roth IRA
1.30%$500-48 Month SEP IRA
1.30%$500-48 Month CESA
1.05%$500-24 Month IRA
1.05%$500-24 Month Roth IRA
1.05%$500-24 Month SEP IRA
1.05%$500-24 Month CESA
1.00%$500-36 Month Step-Up IRA
1.00%$500-36 Month Step-Up Roth IRA
1.00%$500-36 Month Step-Up SEP IRA
1.00%$500-36 Month Step-Up CESA
0.90%$500-18 Month IRA
0.90%$500-18 Month Roth IRA
0.90%$500-18 Month SEP IRA
0.90%$500-18 Month CESA
0.80%$500-13 Month-Special IRA
0.80%$500-13 Month-Special Roth IRA
0.80%$500-13 Month-Special SEP IRA
0.80%$500-13 Month-Special CESA
0.70%$1,500-15 Month Add-On IRA
0.70%$1,500-15 Month Add-On Roth IRA
0.70%$1,500-15 Month Add-On SEP IRA
0.70%$1,500-15 Month Add-On CESA
0.65%$500-12 Month IRA
0.65%$500-12 Month Roth IRA
0.65%$500-12 Month SEP IRA
0.65%$500-12 Month CESA
0.60%$500-10 Month IRA
0.60%$500-10 Month Roth IRA
0.60%$500-10 Month SEP IRA
0.60%$500-10 Month CESA
0.40%$500-6 Month IRA
0.40%$500-6 Month Roth IRA
0.40%$500-6 Month SEP IRA
0.40%$500-6 Month CESA

Rates updated: 5/19/2013

Data for Q4 2012


Institution Statistics


PEN AIR
NCUA #1303
BankRate ReportView
Year Chartered1936
Employees301
Primary Regulator

Assets and Liabilities

Assets$1.22 billion
Loans$498.20 million
Deposits$1.08 billion
Equity Capital$125.83 million
Loan Loss Allowance$12.98 million
Unbacked Noncurrent Loans$12.23 million
Real Estate Owned$2.81 million

Historic Data - December 2011

Assets$1.12 billion
Equity Capital$119.01 million
Loan Loss Allowance$10.41 million
Unbacked Noncurrent Loans$7.53 million
Real Estate Owned$5.39 million

Profit Margin - Quarterly

Net Interest Margin6.39%
Return on Assets0.76%
Return on Equity7.35%
Interest Income$43.80 million
Non-Interest Income$21.94 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Pen Air Credit Union had $15.04 million in non-current loans and owned real-estate with $138.8 million in equity and loan loss allowances on hand to cover it. This gives Pen Air Credit Union a Texas Ratio of 10.83% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Pen Air Credit Union held steady from 9.98% as of December 31, 2011 to 10.83% as of December 31, 2012, resulting in a negative change of 8.53%. This indicates that the balance sheet and financial strength for Pen Air Credit Union has held steady in recent periods.
Deposit Growth5
In the past year, Pen Air Credit Union has increased its total deposits by $93.88 million, resulting in 9.49% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Pen Air Credit Union has shown is excellent.
Capitalization4
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Pen Air Credit Union has $1.22 billion in assets with $138.8 million in equity, resulting in a capitalization level of 11.37%, which is above average.
Write Review

I Want Your 29 Dollars Now.
2 stars - debedeb - Saturday, October 13, 2012 - 3:15 PM

I have been a member of Penair for about 20 years. I have never had to worry about my money being safe. They often have a set up of overdraw allowance per month. They are now in the past few years keep changing policy to the point you have no idea what is really going on. I am often charged 29.00 fees for one overage, and if you have one dollar over you get a charged 29. dollar fee. I find this to be unfair and the police not reliable. To customers of this bank fo many years, and during a trying economy; I have had no interest of help from these ppl. My card gets shut off without warning when the security does not like a purchase area. I went to a family water park in town, tjen went grocery shopping the next day for 60 dollars, I had spent time shoppin gand checking out to find out, they had lock my card for poss fraud of 15.00 ? I was in texas and had a emergency with no way to stop payments from coming in, and bank was happy to collect many 29 dollar fees. When will laws start providing safty to the working calss ppl. businesses have the right to take out our accounts when they want to weather we have the money or not. There should be limits of course for that.Banks do not care about making money honestly any more. Thsi is disturbing. I hope this helps someone. It don't help me.

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