PenFed Credit Union Highlights Strong First Quarter Of 2025

by
posted on May 1, 2025
** When you buy products through the links on our site, we may earn a commission that supports NRA's mission to protect, preserve and defend the Second Amendment. **
Penfed Credit Union Logo F

Amid tough economic conditions, National Rifle Association partner PenFed Credit Union managed to pull off an impressive first-quarter showing in 2025, with the company touting increased earnings, capital and liquidity, according to a PenFed press release.

"PenFed is proud to report it exceeded its first quarter business goals. Compared to the first quarter of the prior year, current quarter's net income was $59.3 million versus $23.1 million, an increase of 156 percent; regulatory capital was 10.05 percent versus 9.26 percent, and liquidity increased from 12.6 percent to 14.5 percent," PenFed President and CEO James Schenck said. "PenFed is committed to supporting our members with world class financial products at great rates through all economic cycles as it celebrates its 90th anniversary this year."

Other highlights from the company's first-quarter results include a regulatory net worth capital ratio of 10.05 percent, which is an increase of 79 basis points year-over-year. PenFed closed its first quarter with more than $939 million of capital in excess of required regulatory net worth to be well capitalized. HELOC volume also increased 14 percent, from $268.9 million to $306.8 million.

Aside from its earnings and growth, the company also continued to fund charitable causes, donating more than $300,000 to 11 different organizations in the first quarter of 2025. Notable among PenFed's charitable endeavors is the company's focus on helping veterans, including several initiatives sponsored and supported by the PenFed Foundation.

Schenck noted that he anticipates changes from the Federal Reserve Board that will improve conditions for borrowers. "PenFed is anticipating the Federal Reserve Board will lower its benchmark interest rate, which should apply downward pressure on loan and deposit rates in the back half of 2025 across most financial institutions," he said. "This may prove to be an opportunity for borrowers to take advantage of lower loan rates."

To learn more about PenFed Credit Union, visit the company's website here.

Latest

Taurus Expedition Rifleman Review 1
Taurus Expedition Rifleman Review 1

Rifleman Review: Taurus Expedition

Taurus entered the bolt-action rifle market with its Expedition, a Remington 700-pattern design that's built to be versatile and affordable.

New For 2025: Charter Arms Pathfinder II

Charter Arms updated one of the oldest models in its lineup with the new Pathfinder II, which features a lightweight 7075 aluminum frame, making it more well-balanced and easier to carry.

Review: Kimber 2K11

The 2011-style pistol was designed to address the capacity limitations of the single-stack M1911 platform, and Kimber's approach to the concept is its 2K11, a competition-ready offering with several notable features.

Favorite Firearms: A High-Flying Hi-Standard “A-D”

Manufactured in New Haven, Conn., in late 1940, this Hi-Standard pistol was shipped as a Model “A,” but a heavier Model “D” barrel was installed later to replace the original, light barrel, leading one American Rifleman reader to call it a Model “A-D.”

Ruger Helps Families In Need Through The Kids & Clays Foundation

In the effort to help tens of thousands of critically ill children and their families across the nation through local Ronald McDonald Houses, Ruger is among some of the industry’s foremost Platinum-level sponsors of The Kids & Clays Foundation.

Unlocking The Future: Smith & Wesson's "No Lock" Revolvers

The future is shaping up to be a good one for fans of Smith & Wesson revolvers. The iconic American company had released 14 new models thus far in 2025 at the time this was written mid-year. And, with one exception, they have all shared a common feature—no internal lock.

Interests



Get the best of American Rifleman delivered to your inbox.