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MILITARY & VETERANS

Built for those who serve

Since 1935, PenFed has stood behind those who serve — supporting generations of active-duty members, veterans, and military families.

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Exclusive financial benefits for your service

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Banking that deploys with you

Choose the benefits that fit your mission

Honors Advantage

Exclusive rewards built for military members. Enjoy additional credit card rewards on everyday purchases and travel.

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Honor Advantage

VA Purchase

Buy with $01 down and competitive rates. We make the VA loan process straightforward

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VA Purchase

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Lower your monthly payment or tap into your home’s equity with flexible options for veterans.

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VA refinance

Member Discounts

From travel to tech, unlock exclusive deals and savings just for PenFed members.

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Stay in control—on base or on the move

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Your finances, always at the ready

Manage your accounts, pay bills, deposit checks, and find nearby ATMs with the PenFed mobile app. Secure and convenient for your busy life.

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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

Get the info you need, when you need it

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Money skills for military life

PCS orders, deployment pay, and civilian transitions all change the way you manage money. Get straightforward tips built around real military situations.

Articles:

Buying A Car After Deployment

Transitioning to Civilian Life

VA Loans: First Time Homebuyers Guide

Browse Resources
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Programs built for service members

See all the ways PenFed backs the military community — from special card rewards to VA lending and member-only perks.

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Honors Advantage cards

VA home loans

VA refinance

Member discounts

View All Programs
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Stay connected with PenFed

Follow PenFed for financial tips, updates, and stories from across the military community.

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Access your cash—at home and abroad

From local errands to international travel, PenFed keeps your money within reach. Use 85,000+ fee-free ATMs across the country and easily find cash access options overseas.

Find an ATM

Disclosure

1

Qualified veterans with their full entitlement can borrow up to the county limit with no down payment. Veterans who have one or more active VA loans or who defaulted on a previous VA loan may be required to make a down payment.

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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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