Penn East Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.60% | 5-year CD | 60 Month CD 3.00% - Barclays 60 Month Online CD |
| 0.35% | 1-year CD | 12 Month CD 2.40% - Ally Bank High Yield 12-Month CD |
| 0.05% | Savings | Savings Share Account |
Penn East Federal Credit Union is headquartered in Scranton and is the 38th largest credit union in the state of Pennsylvania. It is also the 1,163rd largest credit union in the nation. It was established in 1938 and as of March of 2018, it had grown to 42 employees and 21,687 members at 6 locations. Penn East Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership is open to those who live or work in Lackawanna, Luzerne or Wyoming County.
See current membership details
A Great, Local Institution
When I originally opened a checking account as a teenager, I went with a large, international bank. I assumed that this was the best decision since they had location all across the globe, and I thought I would always have access to money. However, I quickly became sick of all of the fees they charged. I decided to switch to a credit union, and I made a great decision when I started an account at PennEast FCU. There is only a $10 requirement for opening either a checking and savings account, and I have never been charged a monthly fee. I like that I am able to access many ATMs that aren't theirs, and not be charged a penalty fee. (As an example, I took a trip overseas last summer, and I was able to use ATMs without getting charged.) Their staff has always been friendly and helpful whenever I've had a problem. My only complaint would be that I recently had to re-order some checks, and the entire process was quite costly. 2 boxes of checks, and shipping came out to around $40. I wish they would find a new printer for their checks.
Data as of Q1 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 2742 |
| Year Chartered | 1938 |
| Employees | 42 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.35% |
| Return on Equity - YTD | 3.16% |
| Annual Interest Income | $1.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2018vs Q1 2017 | $170.6MM$170.4MM |
| Loans | Q1 2018vs Q1 2017 | $106.2MM$108.9MM |
| Deposits | Q1 2018vs Q1 2017 | $151.7MM$151.4MM |
| Equity Capital | Q1 2018vs Q1 2017 | $18.6MM$18.1MM |
| Loan Loss Allowance | Q1 2018vs Q1 2017 | $889.00K$264.00K |
| Unbacked Noncurrent Loans | Q1 2018vs Q1 2017 | $1.5MM$1.3MM |
| Real Estate Owned | Q1 2018vs Q1 2017 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Penn East 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.
Penn East Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.50% | - | - | Individual Retirement Account | |
| 0.05% | $100 | - | Savings Share Account | |
| 0.05% | - | - | Christmas Club Account | |
| 0.05% | - | - | Vacation Club Account |
Penn East Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.25%* | $50k* | - | Money Market Account | ||
| OTHER TIERS: 0.05% → Up to $5k | 0.20% → $5k - $50k | |||||
Penn East Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.60% | $1k | - | 60 Month CD | |
| 1.30% | $1k | - | 48 Month CD | |
| 1.20% | $1k | - | 37 Month Summer Certificate Special | |
| 0.90% | $1k | - | 36 Month CD | |
| 0.50% | $1k | - | 24 Month CD | |
| 0.35% | $1k | - | 12 Month CD | |
| 0.35% | $1k | - | 18 Month CD | |
| 0.15% | $1k | - | 6 Month CD | |
| 0.15% | $100 | - | 6 Month Teen CD | |
| 0.05% | $1k | - | 3 month CD |
Penn East Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.60% | $1k | - | 60 Month IRA | |
| 1.30% | $1k | - | 48 Month IRA | |
| 0.90% | $1k | - | 36 Month IRA | |
| 0.50% | $1k | - | 24 Month IRA | |
| 0.35% | $1k | - | 12 Month IRA | |
| 0.35% | $1k | - | 18 Month IRA | |
| 0.15% | $1k | - | 6 Month IRA | |
| 0.05% | $1k | - | 3 Month IRA |
| Penn East Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 720 Davis St | Scranton, PA 18505 |
| Branch Office | 1070 Northern Blvd | South Abington Township, PA 18411-2220 |
| Branch Office | 441 N 7th Ave | Scranton, PA 18503 |
| Corporate Office | 1300 Meylert Ave Ste 201 | Scranton, PA 18509-2267 |
| Branch Office | 99 College Ave | Factoryville, PA 18419 |
| Branch Office | 130 Bridge St | Tunkhannock, PA 18657 |