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 36th largest credit union in the state of Pennsylvania. It is also the 1,088th largest credit union in the nation. It was established in 1938 and as of December of 2022, it had grown to 50 employees and 23,633 members at 6 locations. Penn East Federal Credit Union's CD rates are 78% higher than the national average, and it 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 - YTD0.48%
Return on Equity - YTD11.29%
Annual Interest Income$6.9MM
Assets and Liabilities
AssetsQ4 2022vs Q4 2021$257.1MM$258.1MM
LoansQ4 2022vs Q4 2021$142.3MM$121.0MM
DepositsQ4 2022vs Q4 2021$245.7MM$236.1MM
Equity CapitalQ4 2022vs Q4 2021$11.0MM$21.5MM
Loan Loss AllowanceQ4 2022vs Q4 2021$711.00K$658.00K
Unbacked Noncurrent LoansQ4 2022vs Q4 2021$375.00K$481.00K
Real Estate OwnedQ4 2022vs Q4 2021$0$0
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* 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
0.05%$100-Savings Share Account
0.05%--Christmas Club Account
0.05%--Vacation Club Account

Penn East Federal Credit Union Money Market Rates

0.25%*$50k*-Money Market Account
OTHER TIERS: 0.05% Up to $5k | 0.20% $5k - $50k

Penn East Federal Credit Union CD Rates

3.25%$1k-25 Month CD Special
2.70%$1k-60 Month CD
2.50%$1k-48 Month CD
2.30%$1k-36 Month CD
2.00%$1k-24 Month CD
1.90%$1k-18 Month CD
1.60%$1k-12 Month CD
1.50%$1k-13 Month CD Special
1.20%$1k-6 Month CD
1.00%$1k-3 month CD
0.50%$100-6 Month Teen CD

Penn East Federal Credit Union IRA Rates

2.70%$1k-60 Month IRA
2.50%$1k-48 Month IRA
2.30%$1k-36 Month IRA
2.00%$1k-24 Month IRA
1.90%$1k-18 Month IRA
1.60%$1k-12 Month IRA
1.20%$1k-6 Month IRA
1.00%$1k-3 Month 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
Branch Office10 College AveFactoryville, PA 18419
Branch Office130 Bridge StTunkhannock, PA 18657
Corporate Office851 Commerce BlvdDickson City, PA 18519

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