Featured Savings Rates
Featured Accounts

Penn East Federal Credit Union

Popular Accounts at this Credit Union

1.00%5-year CD60 Months CD
0.25%1-year CD12 Months CD
0.05%SavingsSavings Share Account

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 1,151st largest credit union in the nation. It was established in 1938 and as of March of 2017, it had grown to 42 employees and 20,652 members at 6 locations. Penn East Federal Credit Union has an A 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

Reviews (1)

A Great, Local Institution

Posted by: NEPAGuy | Oct 17, 2016

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 - YTD-0.02%
Return on Equity - YTD-0.15%
Annual Interest Income$1.4MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$170.4MM$147.4MM
LoansQ1 2017vs Q1 2016$108.9MM$101.0MM
DepositsQ1 2017vs Q1 2016$151.4MM$129.9MM
Equity CapitalQ1 2017vs Q1 2016$18.1MM$16.7MM
Loan Loss AllowanceQ1 2017vs Q1 2016$264.00K$203.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$1.3MM$400.00K
Real Estate OwnedQ1 2017vs Q1 2016$0$6.00K
Skip to rates for:
Report an Issue

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

0.50%--Individual Retirement Account
0.50%--Roth IRA Savings 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

0.20%*$50k*-Money Market Account
OTHER TIERS: 0.05% Up to $5k | 0.15% $5k - $50k

Penn East Federal Credit Union CD Rates

1.00%$1k-60 Months CD
0.90%$1k-48 Months CD
0.80%$1k-37 Month Summer Certificate Special
0.65%$1k-36 Months CD
0.50%$1k-24 Months CD
0.35%$1k-18 Months CD
0.25%$1k-12 Months CD
0.15%$1k-6 Months CD
0.15%$100-6 Months Teen CD
0.05%$1k-3 months CD

Penn East Federal Credit Union IRA Rates

1.00%$1k-60 Months IRA
0.90%$1k-48 Months IRA
0.65%$1k-36 Months IRA
0.50%$1k-24 Months IRA
0.35%$1k-18 Months IRA
0.25%$1k-12 Months IRA
0.15%$1k-6 Months IRA
0.05%$1k-3 Months IRA

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
Corporate Office1300 Meylert Ave Ste 201Scranton, PA 18509-2267
Branch Office99 College AveFactoryville, PA 18419
Branch Office130 Bridge StTunkhannock, PA 18657