Pen Air Federal Credit Union

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A short history of Pen Air FCU

Since its inception in 1936 the Pen Air Federal Credit Union has been serving its members in the PENSACOLA, Florida area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Stewart Ramsey, the Pen Air FCU has grown its membership to over 98,734 with assets of more than $1,399,733,515. They have a main office and 19 branch offices. Please see the credit unions website or contact them by phone at (850) 505-3200 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in PENSACOLA, FL.

General Information For Pen Air FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 1303
Address 1495 E NINE MILE RD 
State Florida 
Zip-Code 32514
Phone Number (850) 505-3200
Fax Number (850) 478-5655
Email Address:
CEO/President Stewart Ramsey
Members 98,734 
Full-Time Employees 324 
Part-Time Employees 16 
Number of Branch Offices 19 
Total Assets 1,399,733,515 

Compare Pen Air Federal Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Florida State Employees CU Downtown Location 7 N Coyle St Unit B 32524 (850) 438-9677 No 1.07
Gulf Winds CU GARDEN ST BRANCH 400 W GARDEN ST 32502 (850) 479-9601 No 3.05
Central Credit Union Of Florida CU Home Office 1200 E Nine Mile Rd 32522 (850) 474-0970 No 5.01
Pensacola L & N CU PENSACOLA L&N FEDERAL CREDIT UNION 251 AMBER ST 32503 (850) 433-6159 No 5.09
Ecco CU ecco 4644 E Spencer Field Rd 32571 (850) 994-6982 No 6.66

Pen Air Federal Credit Union Financial Performance Charts

Performance Charts

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Financial Data

Pen Air Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 10.90 3.49 2.74 5.00 4.49
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 332 208 70 268 166
Rank Among All Florida Credit Unions 41 41 9 45 14

Pen Air Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.45 0.50 0.75 0.75
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 70 60 215 192
Rank Among All Florida Credit Unions N/A 5 7 38 21
Pen Air Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 10.90026,60043,134,587
All Other Unsecured Loans/Lines of Credit 14.90011,64144,742,179
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 3.4905,581151,103,868
Used Vehicle Loans 2.74015,340222,816,428
Total 1st Mortgage Real Estate Loans/Lines of Credit 5.0001,488251,670,988
Total Other Real Estate Loans/Lines of Credit 4.4901,24844,485,722
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 4.9903,50342,184,701
TOTAL LOANS & LEASES 65,401800,138,473

Pen Air Federal Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 643114,852,67361,230,800
    b. 15 Years or less 49639,001,4209412,851,010
    a. > 15 years 279,742,231130,000
    b. 15 Years or less 4733,985,24322,895,054
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 10217,494,2166616,941,100
Adjustable Rate > 1 yr 17336,595,205348,091,500


Closed-End Fixed Rate 46215,929,06914575,100
Closed-End Adjustable Rate 511,715,17800
Open-End Adjustable Rate 73526,841,47543924,717,300
Open-End Fixed Rate 0000
TOTALS 2,736296,156,71065667,331,864


Interest Only & Payment Option 1st Mortgage Loans 10123,881,89816,941,100
Interest Only & Payment Option Other RE/LOC Loans 124,985100,000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Pen Air Federal Credit Union Member Offerings
First Time Homebuyer Program Yes
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit No
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans Yes
Check Cashing No
Money Orders No
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes