Lease vs. Buy: How should you pay for your new car?

 Lease vs. Buy: How should you pay for your new car?

If you thought conversations about religion or politics could get contentious, try being a fly on the wall when two people are talking about whether to lease or purchase a car. You’ll see both sides at each other’s throats, each claiming to enjoy the lion’s share of advantages and disdaining the drawbacks of the other–and the funny thing is, they’re both right. Read more ›

Posted in: Cars, PenFed 5, Personal Finance

New PenFed Online Rewards Site: A faster, easier way to access your point rewards!

New PenFed Online Rewards Site: A faster, easier way to access your point rewards!

Are you a PenFed Point Rewards Cardmember? Then keep reading. We have something new, better, and more rewarding waiting for you on PenFed Online banking!

PenFed has improved YOUR point rewards experience

That’s right. We wanted to do better by our Point Reward Cardmembers. We listened to your feedback and concerns—then we took action! And without further ado, we happily introduce to you our new, easier-to-access rewards site.

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Posted in: Announcements, Credit Cards, Travel

Top 5 things to teach your child about money

Top 5 things to teach your child about money

When it comes to personal finance, most of us agree we wish we’d learned more about managing money much, much earlier in life. Still, it’s tough to figure out how to be one of those wise parents who start teaching their kids about money from the earliest years and manage to keep injecting financial wisdom through the teen years all the way into young adulthood. Read more ›

Posted in: Personal Finance, Saving Money

PenFed Sponsors Ft. Buchanan Troop and Family Appreciation Day

All military personnel and their families are invited to enjoy a festive afternoon of fun activities for all ages followed by an evening of live Salsa and Merengue.

Alexandria, Va., October 28, 2014—In cooperation with the Fort Buchanan, Puerto Rico Command Group, PenFed Credit Union (PenFed) is sponsoring a Troop & Family Appreciation Day at the installation’s Community Club and Conference Center parking lot Nov. 7, 2014 from 4 p.m. until 9:30 p.m.

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Posted in: 2014, Press Releases

When is the right time to refinance your car?

When is the right time to refinance your car?

Refinancing your car could offer a major boost for your budget, but grab the wrong deal at the wrong time and you could end up paying hundreds of dollars more than necessary. The right time to refinance a car is different for everyone; it has more to do with your personal finances than it does current interest rates or that great deal your neighbor just got on his new car. Read more ›

Posted in: Cars

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