Type of Loan Offerings
Personal Loans
Program Name
APR
Term
Amount
Link
Vehicle Loans
Loan Program
Loan Type
APR
Term
Link
Introduction
Welcome to Pen Air, your trusted financial partner located at 1301 S McKenzie St, Foley, AL 36535. Since our establishment in 1936, we have dedicated ourselves to supporting our members and the community with a wide range of financial services tailored just for you. With a strong commitment to our membership base of over 129,385 individuals, we take pride in our total assets amounting to an impressive $2,684,526,238. At Pen Air, we believe in building lasting relationships based on trust and reliability. Our experienced team, led by CEO Delbert Morgan and Board President Robert Jacobson, is here to ensure you receive the best service possible. Whether you're looking for personal banking solutions such as checking and savings accounts or financing options like auto loans and mortgages, we've got you covered. While members can visit us at our Foley branch, official correspondence should be sent to our mailing address: 1495 E Nine Mile Rd, Pensacola, FL 32514. We encourage you to reach out to us at (850) 505-3200 for any inquiries or assistance. As a community-focused credit union, we have built a robust foundation with total deposits reaching $388,913,557, and total loans amounting to 69,577. Our net worth stands at $307,557,404, reflecting our solid financial health and dedication to serving you better. Explore more about what we offer by visiting our website at penair.org. Join us today and experience the difference of being part of a credit union that truly cares!
Branch History & Mission
Join Us
We invite you to join the Pen Air family! Experience firsthand how we can support your financial goals while becoming part of a community-focused credit union that puts people before profit. With the strength of over 129,385 members behind us and a commitment to excellence in service delivery, we're here for you every step of the way. For more information about membership benefits or to open an account today, visit Pen Air. Feel free to reach out at 850-505-3200; we're excited to welcome you!
Our Journey
From our first day of operation at 1301 S McKenzie St, Foley, AL 36535, we've focused on building lasting relationships with our members. Our journey is marked by milestones that reflect our dedication to community service and financial empowerment. As we expanded our offerings, we introduced personal banking options like checking and savings accounts, auto loans, mortgages, and business banking solutions tailored to meet the diverse needs of our members. We recognize that every member's journey is unique, which is why we've embraced digital advancements to enhance convenience. Our online and mobile banking platforms provide easy access to accounts anytime and anywhere. Whether you're making a deposit through your smartphone or visiting us for drive-thru services during our lobby hours from 9 AM to 5 PM (Monday through Friday), we aim to make your experience smooth and straightforward.
Our Mission
At Pen Air, our mission is clear: we strive to empower our members financially while actively engaging with the communities we serve. We believe in fostering growth not just for ourselves but also for those around us. This includes reaching out through community events, partnerships with local organizations, and educational programs designed to help members make informed financial decisions. As part of this mission, we offer resources that ensure everyone feels welcome and included. Our branch is fully ADA compliant, ensuring accessibility for all members of our community. Furthermore, with shared service center availability and ATM access, we're dedicated to meeting your needs efficiently. While you can visit us at our branch location for personalized assistance or transactions through our drive-thru service, official correspondence should be directed to 1495 E Nine Mile Rd, Pensacola, FL 32514 if you need an alternative mailing address.
Branch Location & Accessibility
Convenient Access
At our Foley Branch, we understand that convenience matters. We offer ample parking options right outside our doors, making it easy for you to pop in and out. Our branch is fully ADA compliant, featuring ramps and easy access points to ensure everyone can visit us comfortably. If you're in a hurry, take advantage of our drive-thru service, available during lobby hours, which allows you to handle your banking needs without leaving your vehicle.
Get in Touch
Have questions or need assistance? Don't hesitate to give us a call at 850-505-3200. Our friendly team is eager to help you with any inquiries or concerns you may have about banking with us. While members can visit us at our branch location for all their needs, official correspondence should be sent to our mailing address: 1495 E Nine Mile Rd, Pensacola, FL 32514. Come see us today at the Pen Air Foley Branch! We look forward to welcoming you into our community-focused credit union family.
Operating Hours
We know your time is valuable. That's why our branch lobby is open Monday through Friday from 9 AM to 5 PM. If you prefer the drive-thru, we extend our hours from 8 AM to 6 PM on weekdays and are open Saturdays from 9 AM to 1 PM. This flexibility means you can choose a time that fits best into your schedule!
Services Offered
Our Pen Air Foley Branch offers a variety of services tailored to meet your financial needs. From checking and savings accounts to auto loans and mortgage financing, we're here to help you with personal banking solutions. Plus, if you're a member of another participating credit union, feel free to use our shared services for deposits and withdrawals.
Member Eligibility
At Pen Air, we're excited to welcome you into our community, where every member is valued and supported. Becoming a member is easy and opens the door to a world of financial opportunities tailored just for you! If you live, work, or attend school in the areas we serve, you're likely eligible to join us. We also offer membership to family members of current members, making it even more inclusive. For detailed eligibility requirements, feel free to check out our website at https://www.penair.org/personal/membership-benefits/. Once you're ready to take the next step, opening an account is simple. You can start your journey with us by visiting our account opening page at https://apply.penair.org/apply.aspx?enc=kw21wblm1yxpjjabdozad6tzjlf0j5bfzpeceeunsueax5zejsvdy_cxcbs14hskgfip7cojn9hjjsxi40kvvrzkibr-z0e2qjvjqr_ql98. If you have any questions or need assistance along the way, don't hesitate to give us a call at (850) 505-3200. Join Pen Air today and experience the difference of being part of a caring and committed financial family located at 1301 S Mckenzie St Foley Al 36535!
Business Banking & Commercial Services
Business Loans That Fuel Growth
Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $173 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $35 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $96,481,751, we continue to drive economic growth by financing new and expanding businesses.
Merchant Services Made Simple
Imagine this: you're a local café owner, and every day you see customers walk in with various payment methods. Our merchant services make it easy for you to accept payments seamlessly, whether they pay with cash, card, or mobile wallets. This means happier customers and smoother operations for you! If you're ready to take your business to the next level, visit us at 1301 S Mckenzie St Foley Al 36535, Foley, AL, or call us at (850) 505-3200 today!
Comprehensive List Of Services
Business Banking Support
For entrepreneurs and small business owners, Pen Air offers specialized services including merchant services and business loans. We know how crucial it is for businesses to have reliable banking support; that's why we're here to help streamline your operations.
Convenient Access Anytime
We pride ourselves on making banking convenient through our online and mobile banking platforms. With features like person-to-person payments and easy access to account information, managing your money has never been simpler. Plus, don't forget about our ATM services which provide cash withdrawal options whenever you need them.
Credit Cards with Rewards
Our credit cards not only offer rewards but also give you peace of mind with their user-friendly features. Earn points on everyday purchases while benefiting from tools that help you manage your spending.
Drive-Thru & Shared Services
Need quick access? Our drive-thru banking allows for deposits, withdrawals, and simple transactions without leaving your car! Additionally, if you're a member of another participating credit union, you can conduct basic transactions at our shared service center. Ready to explore all that Pen Air has to offer? We invite you to visit us at 1301 S Mckenzie St Foley Al 36535 or call us at (850) 505-3200 for more information about how we can assist you in achieving your financial goals. Let us be part of your journey towards financial success!
Financial Flexibility with Personal Loans
Sometimes life throws unexpected expenses your way. That's where our personal loans and debt consolidation services come into play. These options provide you with the financial flexibility to tackle bills or consolidate existing debts into manageable payments.
Home Loans Made Easy
For those looking to buy a home, our mortgage loans and refinancing options are here to make the process smooth. We work with you to find a plan that fits your lifestyle and financial situation. Whether it's your first home or an investment property, we want to be part of that exciting journey.
Personal Banking Solutions
When it comes to personal banking, Pen Air offers a variety of options tailored just for you. Our checking and savings accounts provide the flexibility you need for day-to-day transactions as well as long-term saving goals. Imagine having a secure place for your money where you can easily access it online or through our mobile banking app this is just one way we make banking easier for you. If you're considering purchasing a new car or refinancing your current vehicle, our auto loans and vehicle financing options come with competitive rates designed to fit your budget. Picture yourself driving off in your dream car without the stress of high payments!
Digital & Online Banking
Key Features
Our digital banking includes E-Statements, giving you a secure way to view your account statements without the clutter of paper. This not only helps the environment but also makes it easier for you to keep track of your finances. You can easily manage your statements right from our mobile application, which is available for download on major platforms. Speaking of mobile applications, our app allows for Mobile Payments, making it simple to pay at stores or send money to friends with just a few taps. Plus, with Person-to-Person Transfers, sharing expenses has never been easier. Need to split a dinner bill? Just use our P2P feature! We also prioritize security in everything we do. With Electronic Signature Authorization, signing documents is quick and safe no need for printing or mailing. Your sensitive information is protected so you can bank with peace of mind. In short, Pen Air provides an array of online banking options that empower you to manage your accounts efficiently while ensuring security and ease of use. Join us today and experience modern banking tailored for you!
Financial Strength
Growing Membership Base
Total Share and Deposit Accounts stand at 300,660, showcasing a strong and growing member base that trusts us with their finances. With Net Shares available for lending and investments at $2,688,362, we are positioned to support your needs effectively. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Pen Air is your trusted partner. Visit us at 1301 S Mckenzie St Foley Al 36535 or call (850) 505-3200 to learn more about how we can help you achieve your financial goals.
Member Savings
Members' savings are secured through $842,500,416 in share certificates and $98,720,717 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $358,892, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.
Operational Efficiency
Our $0 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 380 full-time employees and 5 part-time employees. This dedicated team ensures our branches are always ready to serve you with knowledgeable support.
Our Financial Health
With a net worth of $307,557,404, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,141 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.
Reinvestment in Services
With $295,728,530 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Additionally, our lending capacity supports members' financial goals across various sectors with $23,307 in used auto loans and $1,521,546,369 in total loans and leases.
Loan Offering
Additional Financing Options
For business owners seeking growth opportunities, our outstanding commercial loans totaling $96,481,751 provide the capital needed to expand operations and support various business ventures. We believe in supporting local businesses as they contribute to our community's economy. If you're interested in refinancing options or want to check your eligibility for any of our loan products, please visit our website at Pen Air for more details. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. At Pen Air, we're committed to offering financial solutions tailored just for you!
Auto Loans
Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry. We currently have $539,207,991 in used vehicle loans and $393,813,998 in new vehicle loans already helping members get on the road. Whether you're interested in financing a brand-new model or a reliable used car, our team is here to assist you every step of the way.
Mortgage Loans
Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $93,927,094, make buying or refinancing simple. We aim to streamline the process and provide you with personalized service to ensure you find the right mortgage for your situation.
Unsecured Credit Card Loans
We also offer flexible terms on unsecured credit card loans. With a total of $53,457,618 in unsecured credit card loans helping members manage their finances effectively, these cards are an excellent option for those looking to consolidate debt or make everyday purchases without the worry of collateral.
Loan Aggregator
Benefits of Using LendMesh
- Verified Data: Loan offers are sourced from legitimate financial institutions, ensuring transparency. - No Sponsored Listings: LendMesh does not prioritize lenders based on paid promotions our goal is to provide unbiased results. - Real-Time Rate Comparisons: You get up-to-date loan rates from multiple institutions, helping you make informed decisions quickly. Thousands of users trust LendMesh for their loan comparisons. One member shared, "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" This kind of feedback highlights the effectiveness and reliability of the platform. Ready to find the best rates for your needs? Compare real-time loan offers today at LendMesh. Disclaimer: Loan approvals and interest rates are subject to creditworthiness, income verification, and applicable federal and state regulations. Rates may vary based on financial institution guidelines.
How LendMesh Ensures Accurate Loan Comparisons
Loan data on LendMesh is sourced directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov). This means that every loan offer you see is fair and transparent, giving you confidence in your choices.