Based on the nationwide Credit Union Administrationâ€™s (NCUA) most recent information, Pentagon Federal Credit Union (PenFed) has 1.8 million users and holds $25 billion in assets, rendering it one of several credit unions that are largest within the U.S. The credit union offers just an individual bank account, but inaddition it has a multitude of cost savings, cash market, and IRA records.
Although some of PenFedâ€™s accounts include a yearly portion yield (APY) between 0.05percent and 0.40%, its savings accounts earn up to a 0.60% APY. Its CDs function high prices that consist of 0.30% to 0.90per cent. PenFed now offers solutions like mortgages, automotive loans, charge cards, signature loans, education loan refinancing and much more.
Every deposit you will be making at PenFed is federally insured through the NCUA, which will be the conventional throughout the credit union landscape. You will find PenFed branches in 13 states as well as on three U.S. bases that are military though their solutions can be obtained to clients in every 50 states, Puerto Rico, Guam, and Japan. Clients may also have fee-free access to over 85,000 ATMs nationwide because of the credit unionâ€™s partnership utilizing the Allpoint and CO-OP ATM networks.
Active responsibility military users and government that is federal meet the criteria for account with PenFed credit union. However, there are some other approaches to be eligible for account, including by joining specific non-profit businesses.
PenFed Credit Union Overview
Pentagon Federal Credit Union had been started in 1935 and it is headquartered in McLean, Virginia.