☰

Home›
Credit Unions›
Pen Air Credit Union

iAdvertiser Disclosure

Pen Air Credit Union Rates & Review June 2026

Q: How many branches does Pen Air Credit Union operate?

Pen Air Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Q: Is a member application needed to join Pen Air Credit Union?

Yes, to access services at Pen Air Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Q: Is there a first-time homebuyer program?

Currently, Pen Air Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Pen Air Credit Union provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated: June 15, 2026

You can compare Pen Air Credit Union rates to other rates in our database, including 12-month share certificate rates currently at 2.52%, 6-month share certificate rates at 0.50% and 3-month share certificate rates at 3.60%. Savings rates are at 0.05% and money market rates are at 0.35%. Mortgage rates on 30-year fixed loans are around 6.32%. All these rates can be compared to Pen Air Credit Union rates. MonitorBankRates evaluates the financial stability of Pen Air Credit Union with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 2.78%. Rates were last updated on 06/15/2026.

Pen Air Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Pen Air Credit Union? Share your experience about Pen Air Credit Union by leaving a review below, or read customer reviews before you decide to use Pen Air Credit Union.

Overall Health & Safety Grade

A+

Exceptional Health Score: 99/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

2.78%

Excellent Lower than avg

Pen Air Credit Union
Nine Mile Tower Branch

1495 E Nine Mile Rd
Pensacola, FL 32514 5723

https://www.penair.org

Current Rate Availability

We do not have Pen Air Credit Union rates right now, but we are constantly updating our database so check back often for updated rates.

Methodology & Data Sources

MonitorBankRates Star Rating

Our rating for Pen Air Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.

Texas Ratio

We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation

We gather Pen Air Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Pen Air Credit Union's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name Pen Air Credit Union

Website https://www.penair.org

Address 1495 E Nine Mile Rd, Pensacola, FL 32514 5723

Phone 850-505-3200

Fax

President Robert Jacobson

CEO Delbert Morgan

Full-Time Employees 394

Part-Time Employees 4

Branch Locations 16

ATM Locations 17

NCUA Insured ✓ Yes — Up to $250,000 per depositor

Financials

MonitorBankRates Star Rating

5.0 / 5.0 ★

Overall Health & Safety Grade

A+ (99/100)

Texas Ratio

2.78%

Return on Assets (ROA)

0.4735%

Return on Equity (ROE)

3.9330%

Non-Performing Loans Ratio (NPL)

0.60%

Total Assets

2,660,664,584

Total Amount of Shares and Deposits

2,297,969,756

Total Shares and Deposits < 1 Year

1,911,832,846

Total Shares and Deposits 1 3 Years

376,682,401

Total Shares and Deposits > 3 Years

9,454,509

Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)

222,795,925

Total Uninsured Shares and Deposits > $250K (F+J)

227,573,072

Total Insured Shares and Deposits > $250K (item 17 less item K)

2,070,396,684

Total Interest Expense (Sum of items 6 8)

32,409,489

Share Certificates

20,301

Number of Accounts for Share Drafts

80,829

IRA KEOGH Accounts

5,432

Number of Accounts for Regular Shares

200,861

All other shares

643

Non Member Deposits

Money Market Shares

1,755

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

317,622,901

Total Liabilities

2,419,469,817

Source: NCUA — Last Updated 09/30/2025

Customer Reviews

There are no reviews for Pen Air Credit Union yet. Feel free to create one below.

Looking for more bank and credit union reviews? Visit our Community Reviews hub to read what other members are saying, ask questions, and join the conversation.

Average Rating

☆☆☆☆☆

Total Reviews

Add Your Rating and Review for Pen Air Credit Union

Frequently Asked Questions About Pen Air Credit Union

How many branches does Pen Air Credit Union operate?

Pen Air Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is a member application needed to join Pen Air Credit Union?

Yes, to access services at Pen Air Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Is there a first-time homebuyer program?

Currently, Pen Air Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Pen Air Credit Union provides members with tools to manage their accounts and build a solid financial history.

Does Pen Air Credit Union offer online and mobile banking?

Most modern institutions like Pen Air Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.penair.org.