Should you buy or build your dream vacation home?

Should you buy or build your dream vacation home?

If you’ve decided it’s time for a vacation home, your next decision is a bit trickier: should you buy an existing piece of property or build your dream home from scratch? Buying existing construction can cost less (depending on the current state of the housing market and how extravagant your vacation plans are) and get you into a vacation home quickly. Building, on the other hand, tends to take more in both time and money — but in the end, you’ll wind up with a home that’s brand new and exactly what you want.

Though there’s no clear-cut right or wrong answer, we’ll walk you through the considerations for building and buying to help you determine what the best move is for you.

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Posted in: Mortgages & Home Buying

PenFed’s Tammy Darvish Receives Schaefer Award

PenFed’s Tammy Darvish Receives Schaefer Award

Maryland Comptroller, Peter Franchot presents the 2015 William Donald Schaefer Helping People Award to Tammy Darvish. Looking on from left to right are Jeffery Slavin, Mayor of Sommerset, MD, Maryland State Senator, Cheryl Kagan, Montgomery County Executive, Ike Leggett and far right, Montgomery County Sheriff, Darren Popkin

A top-level PenFed executive is honored for volunteer work to promote financial literacy

Alexandria, Va., April 23, 2015—Tammy Darvish, the executive vice president of business development, marketing and government and community affairs at Pentagon Federal Credit Union (PenFed), received the 2015 William Donald Schaefer Helping People Award Wednesday. Read more ›

Posted in: 2015, Press Releases

Why you should grow with PenFed

6 reasons to grow with PenFed

Choosing the right financial institution for your needs can be tough, in no small part because each of them makes a hard sell about why they’re the best choice. However, we think that credit unions offer a strong choice for anyone who’s tired of business as usual with a bank — or anyone who’s looking for lower rates and fewer fees. At Pentagon Federal Credit Union, you’re not just another customer: you’re a member of an organization that’s as invested in your financial success as you are.

Here are six reasons why we think you should grow with us.

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Posted in: Personal Finance

Financial Literacy Month

In observance of Financial Literacy Month, PenFed is offering financial education seminars from reputable professionals. 

One of our main goals is to help people reach their financial potential. Through CUSO Financial Services, L.P* (CFS), our PenFed Invest affiliate is offering a series of financial planning seminars for people planning for their future.

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Posted in: Announcements, Personal Finance, Saving Money, Special Events

Building good credit when starting out

Learn how to build good credit when starting out

Good credit may not seem like a big deal to teens and students, but it’s important to start building your credit early because it will be important later. Think you’ll want to buy a house? Good credit is a must. Renting an apartment? Your landlord is likely to run a credit check to be sure you can pay your rent. Want to get a new cell phone? Your provider may check your credit before you can open an account. Applying for a job? Your employer might run a credit check to see if you have a responsible credit history.

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Posted in: Credit Cards, Personal Finance

PenFed Visa Gold Card