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HAPPY BIRTHDAY AMERICA

For 250 years, service has shaped America

Service takes many forms—from defending our country to strengthening our communities. We’re proud to serve our members.

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Today's Rates

Putting your goals within reach. Take advantage of our low-interest lending options and experience the difference with member-focused banking.

New Auto

%

APR*

Rates as low as

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%

APR3

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%

APR1

Rates as low as

Bank better with PenFed

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CHECKING

Avoid overdraft surprises

Link your savings account for added peace of mind if your checking balance runs low.

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HOME EQUITY LINE OF CREDIT (HELOC)

Fast funds3. No origination fees1.

Access your home’s equity2 in as few as 15 days3 with a HELOC designed to deliver speed and flexibility.

Get Started
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PENFED POWER CASH CARD

Every purchase pays you back

Turn purchases into cash back: % with PenFed checking or % for all other members.

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EXCLUSIVE MEMBER BENEFIT

RepairPal for trusted repairs

Enjoy vetted, certified car repair and maintenance shops you can trust.

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PENFED PLAZA AT TYSONS CENTER

Soccer on the big screen

Come by July 10, 15, and 19 to catch the match, with ice cream and plenty of action.

View Events

PenFed: A story of service

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1935

Our Beginning

Founded as the War Department Federal Credit Union to serve the civilian employees of the U.S. Department of War, we started small—built on a shared belief in people helping people. From the beginning, our focus was simple: put members first, offer practical financial solutions, and build trust that lasts.

1935: The Munitions Building on Constitution Avenue, the birthplace of today’s PenFed Credit Union.
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1947

Post-War Growth

We became Pentagon Federal Credit Union, a name that reflected our growing community and expanding reach. As membership increased, so did our commitment to serving more people with the same care and integrity.

 PenFed transitioned to its new home within the newly completed Pentagon.
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1970

Community Expansion

We began serving all Department of Defense employees and their families nationwide. From coast to coast, military families found a trusted financial partner who understood their needs—your mission became our mission.

PenFed began serving all Department of Defense (DoD) employees and their families nationwide.
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2001

Heroes First

The PenFed Foundation for Military Heroes was established to give back to those who serve and sacrifice. We empower Veterans with the tools and resources, so their transition from military service to civilian life is successful.

PenFed launched its Foundation to provide financial support and stability for military heroes.
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2015

Fresh Forward

We refreshed our brand to reflect who we had become—a modern, national credit union rooted in service. This evolution marked our readiness to meet changing member needs while staying true to our values.

PenFed launched a comprehensive brand refresh to modernize its identity for a growing national membership.
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2019

Open to All

We opened membership to everyone, expanding our reach to welcome more members into the PenFed family. We made it easier for people nationwide to benefit from great rates and trusted financial guidance.

2019: PenFed expands its Caribbean presence by opening the new Hatillo Financial Center in Puerto Rico.
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Today

Leading with Purpose

Serving nearly million members with $ billion in assets, we remain committed to our values. From humble beginnings to a national community, we’ve never forgotten what matters: you. Better rates, fewer fees, and service that puts your needs first.

Leading with Purpose

Why PenFed?

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Member-owned, not shareholders

PenFed is one of the nation’s leading federal credit unions. We work for our members, not shareholders, backed by NCUA coverage up to $250,000. Membership is open and eligibility is broad.

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NCUA insured up to $250,000 per account

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Member-owned with open membership eligibility

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Award-winning service and fast loan closings

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Exclusive perks and savings

As a member, you have access to exclusive discounts across auto, travel, home, finance, and more. Save on everyday expenses and major purchases with VIP member benefits.

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Car buying services and automotive maintenance

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Travel bookings and vacation planning discounts

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Moving services and home improvement savings

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Personal finance tools and retail partner offers

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Competitive rates that save money

Enjoy competitive rates on auto loans, mortgages, and deposits that give you more back. Access 85,000+ fee-free ATMs at familiar locations, no or low fees on credit cards.

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Enjoy fee-free Allpoint and Co‑op ATMs nationwide

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Competitive rates on auto loans, mortgages, deposits

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No or low fees on credit cards and accounts

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Free credit score monitoring available anytime

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Here to guide your finances

We value our members and their financial well-being. Our member-service team is available six days a week to help guide you through your finances with personalized support.

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Member service available six days each week

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Online banking and mobile app for 24/7 access

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Easy deposits without visiting a branch location

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Deposit checks via app or cash at retail stores

Showing up for our communities

PenFed supports the people and places around us through service, partnership, and programs that help communities thrive.

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PENFED FOUNDATION

Supporting the military and veterans, shaping communities

Since 2001, the PenFed Foundation has helped 150,000+ veterans and families transition to civilian life and find purpose.

Read More
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PENFED PLAZA

Paws on PenFed Plaza

On June 6, Paws on the Plaza brought our community together for a dog-friendly gathering of connection and wagging tails.

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CHILDREN'S NATIONAL HOSPITAL

PenFed volunteers bringing community, care, and reading to life

On May 18, PenFed volunteers supported a Children’s National book fair bringing patients and families together for literacy and joy.

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This credit union is federally insured by the National Credit Union Administration. Rates are current as of July 2026 unless otherwise noted and are subject to change.

APY = Annual Percentage Yield
APR = Annual Percentage Rate


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