Overview / Commentary
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 1,091st largest credit union in the nation. It was established in 1938 and as of June of 2024, it had grown to 50 employees and 22,789 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
Health
B+
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 2742 |
| Year Chartered | 1938 |
| Employees | 50 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.26% |
| Return on Equity - YTD | 4.87% |
| Annual Interest Income | $4.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $263.2MM$256.2MM |
| Loans | Q2 2024vs Q2 2023 | $129.3MM$142.2MM |
| Deposits | Q2 2024vs Q2 2023 | $247.8MM$238.9MM |
| Equity Capital | Q2 2024vs Q2 2023 | $14MM$11.3MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $1MM$740K |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $12K$452K |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |