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.

Read more ›

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.

Read more ›

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.

Read more ›

Posted in: Credit Cards, Personal Finance

The smart way homeowners are financing their children’s weddings

smart homeowners finance children's wedding

You’ve dreamed of this moment for years: your little girl is getting married. But are those parental tears of joy at risk of becoming tears of anxiety over how you’re going to pay off the wedding bills?

Your first instinct may be to dip into your emergency savings. Don’t do it. Allowing this celebration to drain your resources today could mean finding yourself dangling without a safety net should a true emergency arise soon afterwards.

Read more ›

Posted in: Mortgages & Home Buying

Protect your security and save money when traveling abroad with a PenFed credit card

staying safe and saying secure when traveling abroad

Ascending the Eiffel Tower is no time to be worrying about whether your elevator ticket purchase was secure or if you’ll be eaten alive by foreign transaction fees when the bill comes. When you’re on vacation abroad, make sure you’re carrying a credit card that takes care of both concerns.

You can be assured you’re covered when you use a credit card from PenFed. Every PenFed credit card is microchip-enabled for added security, and there’s never a charge for foreign transaction fees.

Read more ›

Posted in: Credit Cards

PenFed Platinum Rewards Visa Signature Card