Penn East Federal Credit Union

Overview / Commentary
441 N 7th Ave
Scranton, PA 18503

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 1,093rd largest credit union in the nation. It was established in 1938 and as of March of 2024, it had grown to 49 employees and 23,013 members at 6 locations. Penn East Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

PennEast Federal Credit Union is open to those who live or work in Lackawanna, Luzerne or Wyoming County.
See current membership details

Reviews (1)

A Great, Local Institution

Posted by: |

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.


Health Grade Components

NCUA #2742
Year Chartered1938
Primary Regulator
Profit Margin
Return on Assets - YTD0.33%
Return on Equity - YTD6.36%
Annual Interest Income$2.4MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$262.4MM$262MM
LoansQ1 2024vs Q1 2023$132.4MM$142.8MM
DepositsQ1 2024vs Q1 2023$248.1MM$244.9MM
Equity CapitalQ1 2024vs Q1 2023$13.4MM$11.6MM
Loan Loss AllowanceQ1 2024vs Q1 2023$936K$698K
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$180K$500K
Real Estate OwnedQ1 2024vs Q1 2023$0$0

Rates for Penn East Federal Credit Union are currently being reviewed.


Penn East Federal Credit Union Locations
Branch Office720 Davis StScranton, PA 18505
Branch Office1070 Northern BlvdSouth Abington Township, PA 18411-2220
Branch Office441 N 7th AveScranton, PA 18503
Branch Office10 College AveFactoryville, PA 18419
Branch Office12 E Tioga StTunkhannock, PA 18657
Corporate Office851 Commerce BlvdDickson City, PA 18519

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