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Financial institutions
LiveCredit unionsUnited States

PenFed Credit Union

By Pentagon Federal Credit Union

PenFed Credit Union, also known as Pentagon Federal Credit Union, is a large federal credit union that serves both military personnel and the general public. It offers a range of deposit products including checking and savings accounts, share certificates, and auto loans. The institution is designed for individuals seeking competitive interest rates and early access to direct deposits, with membership open to anyone who makes an initial deposit.

Last verified today
What it offers
  • Users can open a Premium Online Savings account with a minimum deposit of $5 to earn tiered interest.
  • Members can access their direct deposits up to two days earlier than standard processing times.
  • Users can choose between a free checking account or an interest-bearing Access America checking account.
  • Customers can invest in share certificates with terms ranging from six months to seven years.
  • Members can utilize a network of over 85,000 fee-free ATMs for cash withdrawals and account access.
Standout features
NCUA insured deposit accountsTiered APY on checking and savingsNo-fee overdraft protection via savings transfersAsset-backed auto loan securitization
Fees and rates

Free or $10/mo for Access America Checking. The $10 monthly maintenance fee for Access America accounts is waived with a $500 daily balance or $500 in monthly direct deposits.

Background

PenFed Credit Union is headquartered in Tysons, Virginia, and recently expanded its physical presence to the U.S. Virgin Islands in February 2026.

What's new
  1. 2026-09-14New profile

    PenFed Credit Union added to the directory

    PenFed Credit Union, also known as Pentagon Federal Credit Union, is a large federal credit union that serves both military personnel and the general public. It offers a range of deposit products including checking and savings accounts, share certificates, and auto loans. The institution is designed

    fortune.com
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