ALEXANDRIA, Va., Sept. 3, 2013—Pentagon Federal Credit Union (PenFed) announced today that PenFed branded ATMs are now readily available in Rite Aid stores throughout select locations in Maryland, Virginia and the greater D.C. Metro area.
The arrangement not only creates a larger user access portal for both PenFed members and the public, alike, but provides PenFed with the opportunity to increase its brand awareness in Rite Aid stores throughout these regions.
“We have thousands of members who live in these combined regions, and so it is a pleasure to announce that we are extending PenFed branded ATM services in these convenient Rite Aid store locations,” said Kevyn Myers, executive vice president of card services with PenFed. “This service arrangement allows us to more than double our fleet in an efficient, cost effective manner.”
The Rite Aid stores that are hosting the PenFed branded machines have been carefully selected with convenient access in mind. Members can expect to find PenFed branded, custom-designed screens that are enhanced with features such as faster processing speeds, added security and a variety of upgraded cash-dispensing configurations.
The new locations will provide PenFed members and non-members with safe, convenient access to up to 167 regional ATMs. Additionally, PenFed is exploring other partnership opportunities that will allow the credit union to continue to expand its ATM services in membership hubs where PenFed branches are not readily available.
The ATMs are surcharge-free to all PenFed members using PenFed cards. A $3.00 transaction fee will apply to non-members.
To locate a Rite Aid location that hosts a PenFed branded ATM, visit www.penfed.org/PenFed-ATM-Locations/.
Established in 1935, PenFed is one of the largest credit unions in the country serving over 1.2 million members worldwide; with more than $16 billion in assets. Its longstanding mission has been to provide superior financial services, responsive to members’ needs in a cost effective manner. PenFed offers market leading mortgages, automobile loans, credit cards, checking, and a wide range of other financial services with its members’ interests always in mind. Serving a diverse population, there are hundreds of ways to become a PenFed member; including numerous association members and employee groups. PenFed is federally insured by the National Credit Union Administration, does business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act, and is an equal housing lender. To learn more about PenFed and find out how to become a member, call 800.247.5626 or visit PenFed.org.