PenFed Credit Union


Our mission isn’t simply to help our members get by. We exist to help them realize every ounce of their potential. We exist to educate, but to also encourage. We exist to usher their dreams into the land of reality.

And that’s why we strive to provide consistently Best-in-Class rates on car loans and home mortgages. In addition, our portfolio of award-winning credit cards offers incentives and innovative features that our competitors find hard to match.

Established in 1935, PenFed today is one of the country’s strongest and most stable financial institutions with over 1.6 million members and over $24 billion in assets. We serve members in all 50 states and the District of Columbia, as well as in Guam, Puerto Rico, and Okinawa. We are federally insured by NCUA and we are an Equal Housing Lender. We are available to members worldwide, via the web, seven days a week, twenty-four hours a day.

Loan Features

Personal Loans
Your Personal Loan gives you immediate access to your funds so you can use them the way you need, without any hidden fees. While other lenders may charge up to 6% for miscellaneous opening or closing costs, PenFed Personal Loans have ZERO origination fees and no hidden costs!

Bill Consolidation Loan
Feeling overwhelmed by multiple debt payments? With debt consolidation, you can combine unsecured debts into one loan with a lower interest rate.

APR as low as 6.49%*
Terms up to 60 months
No origination fee for fixed loans up to $25,000

Personal Line of Credit
Access cash when you need it most. When life throws an unexpected expense your way, tap into your personal line of credit. Available funds when you need them, anytime, for anything you want. Payments based on amount you actually use, not on amount of your line of credit. Use your line anywhere you would use a check.

Overdraft Line of Credit
Safety and confidence of overdraft protection on your checking account. Payments based on amount you actually use, not the amount of your overdraft line. No fees to access for overdrafts.

Student Loan Refinancing
Pay less interest. Lower your monthly payment or pay off your student loan as fast as possible by refinancing your loan with PenFed. Fixed rates as low as 3.50% APR and Variable Rate as low as 3.23% APR.

Mortgage & Home Equity Loan
Home equity loans are great for fixed expenses, like home renovations, vacations, or debt consolidation. Because using savings isn’t always the best option. A home equity line of credit is great for consolidating recurring loan payments, such as college bills and high interest credit cards. Access the cash when you need it.

Auto Loans
MAKE YOUR NEXT CAR YOUR DREAM CAR. Apply for a new or used auto loan today and get on the road in no time. Looking for a car? Try our Car Buying Service!

Application Process

Applicastion Criteria:
At least 18 years old.
A US citizen or permanent resident.
In good credit standing.

To apply for a loan or credit card, simply choose your product of choice from the Products menu button at the top of your screen, and then click “Get Started” to launch into your loan application. If you are already a member and have registered for PenFed Online, you can also submit your application directly from your account on PenFed Online. The PenFed Online login portal is located in the upper right-hand corner of every page on our

Repayment Terms

Minimum Loan Amount $500
Max. Loan Amount $25,000
Loan Terms 3 – 5 years
Min APR From 6.49%

Customer Support


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