Pen Air Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.85% | 5-year CD | 60 Month CD 2.25% - Ally Bank High Yield 5 Year CD |
| 1.85% | 5-year IRA | 60 Month IRA (Traditional, Roth, SEP, CESA) 1.50% - National Average |
| 0.80% | 1-year CD | 13 Month-Special CD 1.35% - Ally Bank High Yield 12-Month CD |
Pen Air Federal Credit Union is headquartered in Pensacola and is the 13th largest credit union in the state of Florida. It is also the 187th largest credit union in the nation. It was established in 1936 and as of December of 2016, it had grown to 313 employees and 98,630 members at 19 locations. Pen Air Federal Credit Union's money market rates are 14% higher than the national average, and it boasts an A+ health rating.
Field of Membership Restrictions
Membership is open to anyone through becoming a member of the Friends of the Navy-Marine Corps Relief Society by making a $3 donation. Membership is open to (1) active duty or retired military; (2) federal civil service employee; (3) employees of US Environmental Protection Agency, Time Warner Cable, and over 500 Select Employer Groups.
See current membership details
Related Posts
HONEST PEOPLE
I recently applied for a car loan with Pen Air, but I unfortunately did not qualify due to my FICO score not being high enough.
The loan person I was speaking with explained in honest detail what I needed to do to improve my FICO score. I was very appreciative for the loan person taking the time to explain this. Most banks would not bother.
Pen Air is a great credit union to belong too and they take care of their members. Plus, if you don't live in Florida, you can still make deposits at other credit unions that honor the CU Service Center.
You will be very happy with this credit union.
PenAir Credit Union (NW FL)
I've used PenAir for about 9 years now and have had no major problems. The employees are friendly. There are convenient ATMs in several locations free to use. There are no fees for holding a checking or savings account.
Fly By This Bank
Opened a checking account in Gulf Breeze to find it was only opened as a savings account...deposited $12,000 in a cashiers check which was held for 5 days before funds were available based on the bank managers decision! Told teller i needed to get the money into my USAA checking account ASAP and needed the checking account I applied for. She said i had to maintain $500 min to have a free checking account to write a check to myself... later to find there was no minimum by the call center. She said I could set up offline transfers to get my $ into other accounts...found there is a max of $2000/day and $5000/month as well as $3.95 per transfer! This bank is evidently run on the bank manager’s assessment of the clothes you’re wearing instead of any written banking rules and tellers who have no clue of their own basic banking requirements...not to mention their nickel & diming with min or max requirements and fees..no other bank does this! Save yourself time & money and a lot of continual frustration and land elsewhere.
UPDATE:
Today i went back to the Gulf Breeze branch and opened up a FREE checking account in less than 5 minutes and received 8 courtesy checks to finally move my money. The accounts manager was apologetic, helpful and she had lots of smiles...what a difference from my first experience! The online banking and ability to link external accounts is very convenient and user friendly. If it weren’t for all the ridiculous in house rules, holds on cashier checks and limits and fees associated with electronic transfers to external accounts, I would consider making this my primary bank. I will up my overall rating from 1 to 3 stars and customer service from 1 to 4 because of the wonderful (and most of all competent) girl in membership accounts.
I Want Your 29 Dollars Now.
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.
Frustrated
After several decades, I'm done with Pen Air. We went out of State for several weeks, while gone, a fraudulent charge was placed on one of my accounts. I only deposit money in this account when ordering something, so the funds available were minimal. Pen Air declined to consider it a fraudulent charge and charged me the $29 overdraft fee, not once, not twice, but five times, for a single transaction. How is this legal?
Unresponsive To Members
Very disgusted with Pen Air. They change login access, policies, and options with reckless disregard for members. Recently they upgraded their online system and it's been a disaster to every member I know. Accessing accounts consistently is virtually impossible. Their people don't even know how to answer the problems. Hold times are too long, calls are dropped and services have been deleted. It really pains me to say this after nearly 40 years but I will be moving to another credit union soon.
Don't Bank On Pen Air!
I totally agree with previous poster's comments about Pen Air's lack of concern for member security with their use of dialog stations.
Pen Air management appears inept with lost focus and purpose. This is evident in their poor decision making. Some examples are: The Milton dialog fiasco, the ridiculous and expensive pink elephant of a downtown branch that no one uses, the excessive and liberal travel of all executive staff, board members and their spouses for insignificant conferences costing hundreds of thousands of dollars, the unnecessary layers and layers of management-level staff, The excessive contributions to various charitable causes with Pen Air member's money, etc.
I have switched all of my business from Pen Air to another local credit union that truly understands their member's needs, wants, and expectations and could not be happier. Pen Air members deserve better!
Penair Doesn't Care About Member Privacy.
Having visited the Milton location after the remodeling I will never recommend Penair due to the lack of privacy while conducting transactions at the new dialogue towers. The new dialogue towers have ZERO privacy and allow everyone nearby to watch money being exchanged between the customer and a teller. I had to make a large cash withdraw, after I showed the teller my ID and told her the amount she got the money, walked from behind the computer right next to the tiny, completely open counter which I was standing at and proceeded to count out thousands of dollars right in front of everyone. As I looked around everyone was watching and I had never felt so unsafe and unsecured as I did conducting this transaction at the Milton Penair location. I personally was able to witness personal transactions and count money being disbursed by tellers to members while just waiting to conduct my transaction, this was easy to do since there is absolutely no privacy.
These new dialogue towers set a dangerous precedent and show just how little Penair cares about customer safety and privacy. This new dialogue tower system would allow a criminal to easily watch cash being disbursed because there is nothing to stop them. Numerous friends, family, and co-workers share my sentiments on the new dialogue towers, simply put they hate it as much as I do and many were able to witness what I did just standing there waiting. Bottom line is Penair does not respect member privacy or safety this is evident with this new dialogue tower concept at the Milton location.
Data as of Q4 2016
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 1303 |
| Year Chartered | 1936 |
| Employees | 313 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.97% |
| Return on Equity - YTD | 7.98% |
| Annual Interest Income | $43.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2016vs Q4 2015 | $1.36B$1.30B |
| Loans | Q4 2016vs Q4 2015 | $754.1MM$616.8MM |
| Deposits | Q4 2016vs Q4 2015 | $1.18B$1.14B |
| Equity Capital | Q4 2016vs Q4 2015 | $164.4MM$152.8MM |
| Loan Loss Allowance | Q4 2016vs Q4 2015 | $8.3MM$8.7MM |
| Unbacked Noncurrent Loans | Q4 2016vs Q4 2015 | $4.4MM$3.7MM |
| Real Estate Owned | Q4 2016vs Q4 2015 | $132.00K$1.1MM |
Always verify rates and promotions with the bank or credit union. We are not Pen Air Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Pen Air Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.50% | - | - | Health Savings Account (HSA) | ||
| 0.50% | $25 | - | Christmas Club | ||
| 0.50% | - | - | Minor Account Savings | ||
| 0.50% | - | - | Minor Account Secondary Savings | ||
| 0.45%* | $75k* | - | Share Savings Accounts | ||
| OTHER TIERS: 0.10% → $25 - $5k | 0.25% → $5k - $25k | 0.34% → $25k - $75k | |||||
| 0.45%* | $75k* | - | CESA Savings | ||
| OTHER TIERS: 0.10% → $25 - $5k | 0.25% → $5k - $25k | 0.34% → $25k - $75k | |||||
| 0.45%* | $75k* | - | IRA Savings | ||
| OTHER TIERS: 0.10% → $25 - $5k | 0.25% → $5k - $25k | 0.34% → $25k - $75k | |||||
| 0.45%* | $75k* | - | Roth IRA Savings Account | ||
| OTHER TIERS: 0.10% → $25 - $5k | 0.25% → $5k - $25k | 0.34% → $25k - $75k | |||||
| 0.45%* | $75k* | - | SEP IRA Savings | ||
| OTHER TIERS: 0.10% → $25 - $5k | 0.25% → $5k - $25k | 0.34% → $25k - $75k | |||||
Pen Air Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.50%* | $200k* | - | Money Market | ||
| OTHER TIERS: 0.25% → $2,500 - $25k | 0.34% → $25k - $75k | 0.45% → $75k - $200k | |||||
Pen Air Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.85% | $500 | - | 60 Month CD | |
| 1.65% | $500 | - | 48 Month CD | |
| 1.45% | $500 | - | 36 Month CD | |
| 1.15% | $500 | - | 24 Month CD | |
| 0.95% | $500 | - | 18 Month CD | |
| 0.85% | $1,500 | - | 15 Month Add-On CD | |
| 0.80% | $500 | - | 13 Month-Special CD | |
| 0.75% | $500 | - | 12 Month CD | |
| 0.65% | - | - | 12 Month Jump Start Certificate | |
| 0.60% | $500 | - | 10 Month CD | |
| 0.55% | $500 | - | 6 Month CD | |
| 0.35% | $1,500 | - | 3 Month CD |
Pen Air Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.85% | $500 | - | 60 Month IRA | |
| 1.65% | $500 | - | 48 Month IRA | |
| 1.45% | $500 | - | 36 Month IRA | |
| 1.15% | $500 | - | 24 Month IRA | |
| 0.95% | $500 | - | 18 Month IRA | |
| 0.85% | $1,500 | - | 15 Month Add-On IRA | |
| 0.80% | $500 | - | 13 Month-Special IRA | |
| 0.75% | $500 | - | 12 Month IRA | |
| 0.60% | $500 | - | 10 Month IRA | |
| 0.55% | $500 | - | 6 Month IRA |
Pen Air Federal Credit Union has 19 locations. Click to view all Pen Air Federal Credit Union locations.