It's been a busy last few months at Pentagon Federal Credit Union – two branch openings and three mergers has the $19 billion credit union starting off 2016 with a bang.

The credit union opened a new branch in Guam – the island's second PenFed branch and PenFed's 30th branch – on Jan. 11. It also held a soft opening for its second branch in Puerto Rico on Dec. 17, which is now open for business.

PenFed Executive Vice President/COO Kevyn Myers told CU Times PenFed felt comfortable opening a second branch in Puerto Rico despite the commonwealth's troubled economy.

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