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Pentagon Federal CU Fourth Quarter Growth

Friday, March 7, 2014 - 11:06 PMPentagon Federal Credit Union - Details
For those of you that like statistics it is interesting to see some numbers from Pentagon Federals quarterly 5300 report to see the impact of their cd rate increase at the end of the year. These numbers reflect the amount of cash they held for their under 3 year cds and 3 years and over cds.   
Cds less than 3 years
1stqtr…….$2.3billion                                                                                                                       2ndqtr…….$2.2billion                                                                                                                                       3rdqtr……..$2.2billion                                                                                                                                       4rth qtr……$2.6 billion   (18% increase from 3rd qtr)                                                                            
Cds 3 years and up
1stqtr….$1.3billion                                                                                                                                2ndqtr….$1.3billion                                                                                                                                       3rdqtr….$1.3billion                                                                                                                                        4rth qtr..$1.8 billion    (39%  increase from 3rd qtr)

Total of all cd’s
1stqtr  ...$5.8billion                                                                                                                                  2ndqtr....$5.7billion                                                                                                                                        3rdqtr….$5.6billion                                                                                                                                4rth qtr…$6.5 billion     (16% increase from 3rd qtr)

   Most likely the majority of this increase was attributed to the last month when they increased their rates. Since they held these rates through January it will be interesting to see their first qtr numbers for 2014. What these numbers show me is that people have money to invest and are just waiting for an attractive rate. The amazing 39% increase in long term cds tells me that people are not as concerned with the length as long as they get a decent return on their money.
FARFAR106 posts since
Feb 26, 2013
Rep Points: 381
1. Saturday, March 8, 2014 - 2:39 AM
Thanks FAR for assembling the data. So they took close to a billion dollars of new CD money in the fourth quarter.
loulou543 posts since
Aug 3, 2010
Rep Points: 3,394
2. Saturday, March 8, 2014 - 9:09 PM
Insightful post; thanks FAR.
cumuluscumulus332 posts since
Jan 16, 2010
Rep Points: 1,563