Gala Proves the Power of Partnership in Helping Our Nation’s Defenders

Gala Proves the Power of Partnership in Helping Our Nation’s Defenders

PenFed Foundation Joins Forces with Key Partners To Present Awards and Dedicate Resources

ALEXANDRIA, Va., May 12 2016—In a remarkable and inspirational display of unity and patriotism among government, business and community leaders, the PenFed Foundation honored veterans and their families last night at its annual Night of Heroes Gala. Read more ›

Posted in: 2016, News Releases

What you need to know about your new EMV chip enabled credit card

What you need to know about your new chip secured credit card

Credit cards in America are changing, and the new name of the game is EMV chip enabled cards. You’ve probably recently noticed a difference at your favorite stores as new credit card readers have made an appearance at the register. Or perhaps you’ve noticed your own credit cards are being replaced by cards with gold or silver chips embedded in them. So just what’s going on? Read more ›

Posted in: Credit Cards

Home equity loan vs. home equity line of credit: Which is right for you?

Home equity loan vs. home equity line of credit: Which is right for you?

Borrowing money against the value of your house can be a smart way to finance a wedding or handle an emergency that might otherwise drain your finances. If you have significant equity in your home (subtract how much you still owe on your mortgage from your home’s current market value; that’s how much equity you have), you can use that value as collateral to get a low interest rate and borrow a good bit of money. Read more ›

Posted in: Articles, Personal Finance

Use a PenFed Rewards card to make the most of Mother’s Day

Use a PenFed Rewards card to make the most of Mother's Day

Just look at how the calendar has flown by. It’s nearly Mother’s Day, which falls on Sunday, May 8, this year. Instead of letting it sneak up on you why not start planning right now? Even if you don’t have a big budget, you can skip the last-minute grocery store bouquet and get something she’ll really love—using one of PenFed’s award-winning Rewards Credit Cards. Read more ›

Posted in: Credit Cards

Should you refinance your car?

Should you refinance your car?

Refinancing your auto loan at the right time can save you money in all the right places, from the amount you pay every month to the overall cost of your car. You can even use an auto refi to effectively shorten your loan by refinancing at a lower interest rate and with lower monthly payments—but then by making the same payments you’ve become used to; you’ll pay off the car early and save money in the long run. Read more ›

Posted in: Cars

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