Intro – Pen Air Federal Credit Union Reviews & Ranking

AdvisoryHQ recently published its list and review of the top credit unions in Florida, a list that included Pen Air Federal Credit Union. 

Below we have highlighted some of the many reasons Pen Air Federal Credit Union was selected as one of the best credit unions in Florida. 

Click here for a detailed review of AdvisoryHQ’s selection methodology: AdvisoryHQ’s Methodology for Selecting Top Banks and Credit Unions.

Pen Air Federal Credit Union Review

Founded in 1936, Pen Air Federal Credit Union is the largest and oldest local credit union in Pensacola, Florida, with $1.2 billion in assets.

This top Florida credit union has 16 full-service branch locations in Northwest Florida and Southeast Alabama. Pen Air also has three student-run credit unions at area high schools.

Key Factors Leading Us to Rank This Firm as One of This Year’s Top Credit Union Firms

Upon completing our detailed review, Pen Air Federal Credit Union was included in AdvisoryHQ’s ranking of this year’s best credit unions based on the following factors. 

Pen Air Federal Credit Union Review: Asset Management and Retirement Services

Pen Air offers a customized investing approach, focusing on the client’s short- and long-term goals, and is where this top 15 best credit union in Florida excels.

Pen Air’s Asset Management Team can help clients decide just what services and investments they require; Pen Air can provide the following services:

  • Mutual funds
  • Annuities
  • Advisory services
  • Stocks and bonds
  • EFTs (Exchange Traded Funds)
  • UITs (Unit Investment Trusts)
  • Life Insurance (term and whole life)
  • Long-term care insurance
  • Disability income insurance

Retirement planning services include:

  • Retirement plan design
  • Traditional IRAs
  • Roth IRAs
  • Transfer and rollover assistance (401K)
  • Deferred compensation plans

pen air federal credit union review

Pen Air Federal Credit Union Review

Pen Air Federal Credit Union Review: Student-Run Credit Unions

In 2008, Pen Air rolled out an intensive, hands-on project to educate high-school students about how a credit union works: running one themselves.

Today, Pen Air employees and student tellers staff three student-run locations, offering the students professional experience and training. Student-tellers develop skills in money management, work ethic, problem-solving, and customer service, just to name a few.

These skills will serve them for the rest of their lives as they go out into the working world. The three student-run credit union locations are:

  • Patriot Credit Union at Pace High School (est. 2008)
  • Panther Credit Union at Milton High School (est. 2009)
  • Wildcat Credit Union at Booker T. Washington High School (est. 2012)

Pen Air Federal Credit Union Review: Communerosity

“Communerosity” may be a made-up word, but it is one great attraction to Pen Air Federal Credit Union — because you know that something good must come from mashing the words “community” and “generosity” together.

Pen Air has made it a tradition to support valuable organizations in the community through cash and in-kind support as well as volunteerism.

One example of this support is Jeans for Generosity. Each year, Pen Air employees nominate local nonprofit organizations that they think deserve their support.

Funds are raised through payroll deductions and Jeans for Generosity days; then, they are matched by Pen Air and divided equally among the nominees.

Through Jeans for Generosity, Pen Air employees have given more than $160,000 since 2013 to worthy organizations including:

  • Beacon Shelter for Women & Children
  • Care House Child Advocacy Center
  • Children’s Home Society of Florida
  • Loaves & Fishes Soup Kitchen
  • Magic Moments
  • Pensacola Humane Society
  • SouthBark
  • Truth for Youth
  • ARC of Baldwin County
  • Bay Area Food Bank
  • Children’s Home Society of Florida
  • Covenant Hospice
  • Ronald McDonald House Charities
  • Veteran’s Advocacy Council

In addition to reviewing the above Pen Air Federal Credit Union review, you can click on any of the links below to browse exclusive reviews of AdvisoryHQ’s top rated banking firms & credit unions:

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