The Penfed Credit Union highlights the strong first quarter of 2025

In the difficult economic conditions, the National Rifle Association Partner Penfed Credit Union managed to achieve an impressive first quarter in 2025. According to a press release from penfed, the company corrected an increased result, capital and liquidity.

“Penfed is proud to have exceeded the business goals in the first quarter. Compared to the first quarter of the previous year, the net profit of the current quarter was $ 59.3 million compared to $ 23.1 million, an increase of 156 percent; regulatory capital was 10.05 percent compared to 9.26 percent and the liquidity of 12.6 percent to 14.5 percent”, penfed and CEO and CEO and CEO and CEO and CEO. “Penfed is obliged to support our members with first -class financial products for large interest in all economic cycles, as it celebrates its 90th anniversary this year.”

Further highlights from the results of the company's first quarter are a regulatory net wealth capital quota of 10.05 percent, which corresponds to an increase in 79 basis points compared to the previous year. Penfed concluded his first quarter with more than 939 million US dollars, which goes beyond the necessary regulatory net assets. The Heloc volume also rose by 14 percent from $ 268.9 million to $ 306.8 million.

Apart from its profit and growth, the company continued to fund non -profit purposes in the first quarter of 2025 and donated more than 300,000 US dollars to 11 different organizations. Remarkable under the non -profit efforts of penfed is the focus of the company on the support of veterans, including several from the Penfed Foundation.

Schenck noted that he was expecting changes to the Federal Reserve Board that improve the conditions for borrowers. “Penfed expects the Federal Reserve Board to lower its benchmark interest rate, which in most financial institutions should apply down the downward pressure on credit and deposit interest in the back half of 2025,” he said. “This can prove as an opportunity for borrowers to use lower loan interest.”

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