Penn East Federal Credit Union


Overview / Commentary
570-342-2720
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 1,102nd largest credit union in the nation. It was established in 1938 and as of September of 2023, it had grown to 46 employees and 23,369 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

Health Grade Components

Overall
NCUA #2742
Year Chartered1938
Employees46
Primary Regulator
Profit Margin
Return on Assets - YTD0.64%
Return on Equity - YTD15.78%
Annual Interest Income$6.4MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$252.7MM$258.4MM
LoansQ3 2023vs Q3 2022$138.4MM$136.9MM
DepositsQ3 2023vs Q3 2022$241.7MM$246.9MM
Equity CapitalQ3 2023vs Q3 2022$10.3MM$11.1MM
Loan Loss AllowanceQ3 2023vs Q3 2022$818K$707K
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$324K$286K
Real Estate OwnedQ3 2023vs Q3 2022$0$0
Rates

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

Locations


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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