PenFed Ranks among America’s Most Convenient Credit Unions

Posted August 21 2018
by Media Relations

TYSONS, Va., August 21, 2018—PenFed Credit Union has been ranked one of the Most Convenient Credit Unions of 2018 by as part of a recent nationwide analysis.

“It is an honor to receive this recognition from,” said James Schenck, PenFed President and CEO. “This is a reflection of PenFed employees’ dedication and passion to deliver best-in-class service each and every day to our mobile membership supporting the national defense community across America.” recognized PenFed as one of the credit unions going the extra mile to provide the level of service and convenience that U.S. depository customers have come to expect. The recent analysis evaluated the 50 largest credit unions in the U.S. to determine which were the most convenient.

Award recognition criteria included branch scheduling and availability, accessibility of member funds, phone support, and mobile banking experience. The analysis also accounted for operating hours of branch locations, size of surcharge-free ATM networks, operating hours of support services, and member ratings of the credit union’s mobile banking apps.

“PenFed is committed to continually creating innovative financial technology, products and services that save money, add value, and help our members reach their financial potential,” said Schenck.

PenFed is often recognized for its award-winning products and services including accolades from The New York Times,, The Wall Street Journal, Kiplinger, Consumer Reports, CardHub, The Points Guy,, and others.

About PenFed Credit Union

Established in 1935 as the War Department Credit Union, Pentagon Federal Credit Union (PenFed) is America’s second-largest federal credit union, serving 1.7 million members worldwide with $23.5 billion in assets. Our mission is to help members reach their financial potential. PenFed Credit Union offers market-leading mortgages, automobile loans, credit cards, student loans, checking, certificates, and a wide range of other financial services with members’ interests always in mind. We have a proud history of serving those in the Armed Forces, Department of Defense, Department of Homeland Security, Military Associations, eligible veterans and retirees, and their families. You may also qualify through membership in select organizations within our field of membership. PenFed Credit Union is federally insured by the NCUA and is an equal housing lender. To learn more about PenFed Credit Union, visit, like us on Facebook and follow us @PenFed on Twitter. Interested in working for PenFed? Check us out on LinkedIn. We are proud to be an Equal Employment Opportunity Employer.