At Penn East, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We are proud to share insights into our financial strength, demonstrating our commitment to serving you well. With a
net worth of $27,244,619, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. This robust foundation is complemented by our
net worth ratio of $1,049, which illustrates our solid capital position. It ensures that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through
$31,766,244 in share certificates and
$26,982,649 in money market shares, offering stable and rewarding financial growth opportunities. This means your deposits are not only safe but also working hard for you. Unlike traditional banks, we prioritize our members. With non-member deposits at
$0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. Our financial strength is further reinforced by
$23,800,398 in undivided earnings. We reinvest these earnings into innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. With
$2,063 in used auto loans and
$125,955,817 in total loans and leases, our lending capacity supports members' financial goals across various sectors. Our operational efficiency is reflected in our
$0, which enables us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having
52 full-time employees and
9 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team. Total Share Accounts stand at
40,305, showcasing a strong and growing member base that trusts us with their finances. Net Shares available for lending and investments amount to
$2,840,926, reflecting our ability to meet your borrowing needs effectively. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Penn East is your trusted partner. Visit us at 10 College Ave Factoryville Pa 18419 or call (570) 945-4000 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at:
https://www.ncua.gov , based on the latest results.