PenFed Credit Union

About PenFed Credit Union

PenFed Credit Union is a financial institution offering a wide range of banking and loan services, including checking and savings accounts, credit cards, auto loans, mortgages, and VA loans. Their mission is to help members achieve financial success with tailored financial solutions and community engagement.

Products & Services

Checking & Savings:Includes Free Checking, Access America Checking, Premium Online Savings, and Regular Savings accounts.

Certificates:Offers Money Market Certificates and Coverdell Education Certificates for investment and savings.

IRAs:Provides IRA Certificates and IRA Savings Accounts for retirement planning.

Credit Cards:Features various cards like the Power Cash Rewards Visa Signature with cashback benefits for checking account holders and military members.

Auto Loans:Financing for vehicle purchases and refinancing up to 125% of the vehicle's value, along with car buying services and protection plans.

Mortgage & Home Equity:Offers mortgage loans (Conventional, FHA, VA, Jumbo), refinancing, HELOCs up to $500,000, and resources for first-time homebuyers.

Personal Loans:Covers debt consolidation, credit card consolidation, home improvement, and other personal financing needs.

Student Loans:Provides financing options for educational expenses.

PenFed Credit Navigator:A free toolkit for credit monitoring and financial education.

Specialties

Military Banking Services VA Loans Credit Union Services Mortgage and Home Equity Solutions

Funding History

Debug: View Raw Funding Data

#	Type	Amount Fields	Date Fields	Investors
1	RT: Debt T: - FT: Debt	A: 398490000 MR: - FA: $398,490,000 FAN: 398490000	D: 2025-09-22 FD: 2025-09-22	3 investors
2	RT: Securitization T: - FT: Securitization	A: 447400000 MR: - FA: $447,400,000 FAN: 447400000	D: 2024-08-29 FD: 2024-08-29	3 investors

Debt Latest

2025-09-22

$398.5M

3 investors (Pro only)

Securitization 2024-08-29

$447.4M

View 1 more funding rounds with Pro

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Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

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Team & Leadership

J

James Schenck

CEO

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