Pros and Cons PROs: -Competitive rates on loans if you have good credit. -Easy to open an account. -Very friendly and responsive customer service. CONs: -Technology-side is absolutely awful. The website and mobile app straight up do not work from some clients! This is a real deal killer for a mostly on-line financial institution. I would advise PenFed really look to modernize their online and mobile banking infrastructure and get off whatever this incredibly janky Salesforce back-end is.

PENFED was originally a great CU to get… PENFED was originally a great CU to get a loan from, but their banking is a complete DEI joke, the most inept IT managers

Smooth process and great rates! I received an unsolicited offer from Penfed and almost discarded it. Instead I opened it and was pleasantly surprised by the rate on the credit card. I have good but not perfect credit. I applied and the process went very smoothly. I received my decision in a timely manner and was so pleased that I'm moving most of MT banking to PenFen.

Pen Fed is an Excellent Credit Union Pen Fed is an Excellent Credit Union! I joined several years ago and the Credit Products and Approvals they have Offered me have improved my overall Credit picture. I recommend them as a 10+!

Fast efficient and better rates than… Fast efficient and better rates than other markets. No upfront costs from requested amount of the loan Example: Another institution loan for $20000 when approved would have kept approximately $2000 with me receiving $18000. Think of PENFED first