ALEXANDRIA, Va., Feb. 26, 2014—Pentagon Federal Credit Union (PenFed) today announced the much anticipated roll out of its newly enhanced PenFed Mobile app. The latest version is now available for download for iOS and Android devices, includes faster and easier navigation, features mobile check deposit, and other new functionality. The app allows PenFed members to conduct many of the same financial transactions using their mobile devices as they are able to do through PenFed’s web-based online banking service.
“This redesign is huge for both PenFed and our membership, because it really enhances our ability to better serve our members in a more robust way,” said Ian Harper, chief information officer of information technology at PenFed. “One of the new features of the app is mobile deposit. Within a day of its public release, we saw four times the amount of deposits through the app versus what we usually see in our web-based deposit service.”
Wherever you go, take PenFed with you.
- Deposit checks
- Check balances and account transaction details
- Check the status of loan or credit card applications
- Make payments to a PenFed loan, mortgage, or credit card account
- Transfer funds or schedule recurring transfers between PenFed accounts, or accounts at other financial institutions
- Create travel notification alerts for all PenFed credit and debit card accounts
“We cannot say enough how excited we are to bring these enhanced mobile services to our membership,” said Steve Troxel, vice president of marketing at PenFed. “Mobile devices are clearly changing the face of how a growing number of people prefer to conduct their day-to-day financial business. Since it has always been PenFed’s primary mission to provide quality products and services to our membership, any investment we dedicate to mobile banking is a key component to taking that commitment to the next level.”
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 many 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.