{"url":"https://newsforagent.com/news/2026-10-30/penfed-credit-union-loan-originations-third-quarter","markdown_url":"https://newsforagent.com/news/2026-10-30/penfed-credit-union-loan-originations-third-quarter.md","title":"PenFed Credit Union Posts $8.8 Billion in Loan Originations","headline":"PenFed Credit Union Reports $8.8 Billion in Year-to-Date Loan Originations, Up 22%","description":"PenFed Credit Union reported $8.8 billion in year-to-date loan originations through September 2026, up 22%, with mortgage originations rising 65%.","section":"Earnings & Results","published_at":"2026-10-30T10:13:19+00:00","modified_at":"2026-10-30T10:13:19+00:00","author":"News Desk","key_takeaways":["PenFed Credit Union reported $8.8 billion in year-to-date loan originations through September 2026, up 22% year-over-year.","Year-to-date mortgage originations rose 65% year-over-year, and non-maturity deposits reached $15.9 billion, or 65% of total deposits.","The year-to-date loan loss rate improved to 1.15% from 1.28% in the second quarter, and the net worth ratio rose to 10.84% from 10.72%."],"companies":[{"name":"PenFed Credit Union","is_primary":true,"profile_url":"https://akta.pro/company-profiles/00003dd/penfed-credit-union","website":"https://www.penfed.org"}],"source":{"publisher":"PR Newswire","title":"PenFed Credit Union Expands Member Lending and Strengthens Credit Quality in Third Quarter 2026","url":"https://www.prnewswire.com/news-releases/penfed-credit-union-expands-member-lending-and-strengthens-credit-quality-in-third-quarter-2026-302924556.html"},"other_sources":[],"tags":["Earnings & Results","PenFed Credit Union"],"body_markdown":"[PenFed Credit Union](https://akta.pro/company-profiles/00003dd/penfed-credit-union) reported $8.8 billion in year-to-date loan originations through September 2026, up 22% year-over-year, the credit union said in its third-quarter results. The figures were released by [PR Newswire](https://www.prnewswire.com/news-releases/penfed-credit-union-expands-member-lending-and-strengthens-credit-quality-in-third-quarter-2026-302924556.html) on October 30, 2026. PenFed is a federally chartered, member-owned credit union founded in 1935, serving nearly 2.8 million members with $29 billion in assets.\n\n## PenFed's Lending and Deposit Growth\n\nYear-to-date mortgage originations rose 65% year-over-year, and non-maturity deposits reached $15.9 billion, or 65% of total deposits versus 58% a year ago. Auto loan originations reached $2.1 billion, up 45%, and home equity line of credit originations reached $1.2 billion, up 17%. Consumer banking results included approximately $375 million in personal loans and more than 20,000 new credit card accounts, up 67% year-over-year.\n\nPenFed reported year-to-date net income of $177 million, up 58% year-over-year, and a return on assets of 0.80%, up 63%. The year-to-date loan loss rate improved to 1.15% from 1.28% in the second quarter, and the net worth ratio rose to 10.84% from 10.72%. Total delinquencies fell to $233 million, down 30% year-over-year.\n\n\"The economy remained resilient in the third quarter of 2026, with stable employment and growing summer consumer spending, even as families and businesses faced financial pressures,\" said James Schenck, PenFed President and CEO. \"Inflation exceeded 3% over the past year, partly reflecting higher energy costs.\"\n\n## PenFed's Capital and Deposit Base\n\nAccording to akta.pro [company records](https://akta.pro/company-data), PenFed reported over $3 billion in net worth during its 2026 annual meeting and total assets of $29 billion. The same records list total funding of $845.9 million, including a $398.5 million debt-funded round in September 2025 and a $447.4 million debt-funded round in August 2024. The credit union's membership is open to all individuals meeting eligibility requirements.\n\n## Earlier PenFed Announcements\n\nIn October 2026, Texas A&M Athletics and Aggie Sports Enterprises named PenFed the Official National Credit Union of Texas A&M Athletics, PR Newswire reported. Earlier that month, PenFed launched the PenFed Defender Rewards Visa Signature card for military members, offering 3X points at commissaries and exchange stores, according to PR Newswire. In August 2026, PenFed opened its eighth financial center in Texas, the Lemon Creek location in Boerne, at a ribbon-cutting ceremony on August 13, Aijourn reported.\n\n## PenFed's Pathfinder Fee Change\n\nStarting September 28, 2026, PenFed Pathfinder cardholders can no longer waive the card's $95 annual fee, ending the Honors Advantage program's waiver, NerdWallet reported. The card retains its travel credits and Priority Pass lounge access and will gain new benefits in 2027, according to NerdWallet.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}