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PENFED® HOME™*

Exceptional homebuyer value

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Rates priced up to $10K lower than the nation’s largest lender.8

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Very Important Buyers7 pay no origination fee and no appraisal fee when using a PenFed network agent and PenFed mortgage.

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INTRODUCING PENFED® AUTO™

Park Yourself Here

PenFed Auto is your ultimate destination to shop, finance and own your vehicle.

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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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PENFED POWER CASH CARD

Earn up to % cash back on every purchase

Turn everyday spending into rewards with % cash back on all purchases for qualifying members.

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Home Equity Line of Credit (HELOC)

HOME EQUITY LINE OF CREDIT (HELOC)

Fast funds1. No origination fees2.

Access your home’s equity3 in as few as 15 days1 with a HELOC designed to deliver speed and flexibility.

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Paws On The Plaza - June 6th

Join us for a summer party from 11am -3pm with your dogs. There’ll be treats, giveaways and more!

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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
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PenFed in your community

PenFed's bringing our friendly faces to billboards, airports, and your neighborhood.

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Featured Articles

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What’s the Difference Between Checking and Savings Accounts?

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What To Expect From Your Checking Account

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For Parents: Can I Open a Savings Account for My Child?

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

APY = Annual Percentage Yield
APR = Annual Percentage Rate


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