allU.S. Credit Union
See what you need to know about your account starting October 1st
Direct deposits and automatic transfers will go into your PenFed account(s).
In order to set up future transfers between institutions PenFed’s routing number is: 2560-7844-6.
Begin using your new PenFed accounts, including checking, savings and debit cards.
The merger with PenFed will be official on October 1, 2022. Members will be able to create their PenFed Online Account and begin utilizing their new PenFed Accounts, including PenFed Debit Cards, starting on October 1, 2022.
In today’s ever-changing economy, our Board of Directors evaluated strategic possibilities to assure that you, our member, will continue to receive the full range of products and services you deserve. After considering alternatives, we determined that a merger with PenFed is in the best interest of our members. allU.S. Credit Union and PenFed are in very good financial condition.
Yes, the allU.S. Credit Union branch will remain open with the same employees you know so well.
allU.S. Credit Union accounts will be mapped to equivalent PenFed accounts.
For dual members, allU.S. Credit Union accounts will transfer to the members’ existing PenFed profiles as separate accounts. If desired, members can ask that the newly transferred accounts be combined with like PenFed accounts that they previously had with PenFed, or they can keep the transferred accounts separate.
Yes, 60 days of account history for savings and checking accounts will convert and can be viewed online at www.PenFed.org.
Account statements prior to the account conversion date will be available by calling PenFed, but will no longer be available online.
A new PenFed Debit Card will be sent to replace your allU.S. Credit Union debit card. Your allU.S Credit union debit card will continue to work until the account conversion is completed October 1, 2022. Additional information on when to begin using the card, activation and PIN selection will be included with the new PenFed Debit Card. PenFed cannot update any reoccurring authorizations to the new PenFed card number. Those merchants should be provided with the new PenFed Debit Card number in order to continue any reoccurring authorizations after October 1, 2022.
allU.S. Credit Union members may continue to use their allU.S. Credit Union checks, for up to 6 months after the official merger date (October 1, 2022). Each checking accountholder that ordered checks in the last year will automatically receive one free order of checks from PenFed. If you do not receive an order of checks by the first week of October 2022, please contact PenFed to have a complementary order sent to you. We recommend that members begin using PenFed checks after the account conversion date of October 1, 2022, but in case the PenFed checks haven’t arrived or there are outstanding allU.S. checks, they will continue to be honored for 6 months after the account conversion date. Please discontinue using allU.S. Credit Union checks as soon as possible after your new PenFed checks have been received.
The only method of overdraft protection available to PenFed members is via our Overdraft Line of Credit (OLOC) account. When needed, the OLOC advances the exact amount needed to the checking account to cover an overdraft. There are no per-advance fees; the member only pays the amount of finance charge that accrues between the date of the advance and the date it is paid*.
*Actual amount of credit line will be determined in accordance with individual’s credit qualifications.
No. allU.S. Credit Union members' direct deposits, ACH, automated credit and debit entries, transfers, all electronic items including retirement and Social Security will be automatically be redirected to PenFed during the merger process. PenFed will automatically notify your direct deposit/ACH originator of the new PenFed account numbers. In some cases, the direct deposit/ACH originator may contact you to confirm the new account information. If the direct deposit/ACH originator does not update the new account numbers, PenFed will notify you in about 90 days to seek your assistance in correcting the account number directly.
If a new direct deposit or preauthorized debit is setup after October 1, 2022, the new PenFed account number and routing number should be used. PenFed's ABA routing number is 2560-7844-6.
For dual members, allU.S. Credit Union accounts will transfer to the members’ existing PenFed profiles as separate accounts. If desired, members can ask that the newly transferred accounts be combined with like PenFed accounts that they previously had with PenFed, or they can keep the transferred accounts separate.
Reoccurring internal transfers will move to PenFed during the account conversion process. PenFed will contact members if any internal transfers cannot be converted.
Please login to PenFed Online after October 1, 2022 to enroll in electronic statements. Electronic Statements will be offered when you first register for PenFed Online (PenFed’s online banking system).
All share certificates (CD’s) will transfer to PenFed at the same allU.S. Credit Union dividend rate and maturity date.
All fixed-rate and term loans will remain the same with no changes to rate, term, or payment. If you have a fixed or variable rate consumer real estate loans (mortgage, equity or HELOC), these terms will also transfer to PenFed unchanged. Credit Card holders will be provided information regarding their Credit Card prior to the conversion date and will be offered an option to opt-out of any new terms if desired.
Yes, all mortgages, equity loans, and HELOCs will convert to PenFed at their existing rates and terms. Additional correspondence will be sent to members affected by this change.
allU.S. Credit Union credit cards will convert to an award winning PenFed Credit Card. Additional correspondence will be sent to members affected by this change. Your allU.S. Credit Union credit card will continue to work during the transition period.
After October 1, 2022 the following options are available for members to make deposits or loan payments to their accounts:
Enjoy access to nationwide network of over 85,000 fee-free Allpoint and Co-op ATMs conveniently located near you
For a complete listing of PenFed ATMs, visit PenFed.org/Locations or download the mobile app today.
For any other questions, please contact us.
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Step into our office. Use our mobile app to find a Penfed branch near you.
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