PenFed Credit Union | TigerDroppings.com
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Lsut81
USA Fan
Member since Jun 2005
65839 posts
Online

PenFed Credit Union

Anyone have experience with them?

Shopping used car rates and they look to have the lowest...


yellowfin
Illinois Fan
Coastal Bar
Member since May 2006
75645 posts

re: PenFed Credit Union
I have everything with them, great customer service and you won't find lower rates.


Lsut81
USA Fan
Member since Jun 2005
65839 posts
Online

re: PenFed Credit Union
quote:

I have everything with them, great customer service and you won't find lower rates.



Easy to set up?

Do you have an auto loan?

I can't find whether the will fund a private buyer loan or if they only do dealer purchases...


RickAstley
LSU Fan
Reno, Nevada
Member since May 2011
1657 posts

re: PenFed Credit Union
I keep my emergency savings at PenFed and rotate some of it into cds. I haven't had any complaints about them either.


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foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
31425 posts

re: PenFed Credit Union
I use them for my mortgage and HELOC. Great rates and never had a problem with them.


Lsut81
USA Fan
Member since Jun 2005
65839 posts
Online

re: PenFed Credit Union
Just called and talked to them... Their auto rates destroy anyone else out there.


How did you all join? I see you can join a number of ways. All of my relatives who would qualify due to their military service are now deceased.

Did you just pay the one time donation fee to an organization and then join?


foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
31425 posts

re: PenFed Credit Union
quote:

pay the one time donation fee to an organization and then join?


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RickAstley
LSU Fan
Reno, Nevada
Member since May 2011
1657 posts

re: PenFed Credit Union
quote:

Did you just pay the one time donation fee to an organization and then join?


Yes, and I will advise, if you plan to use them for savings or anything of that nature, you can only deposit $50 a day electronically for the first 6 months. I paid the $10-$15 donation and my account was active. Be sure to print a copy of the registration pages when you first sign up. PenFed loves communicating through snail mail.

I failed to make copies of a few pages and I wasn't able to set up my online account until I had received my first piece of mail from them.


fatboydave
LSU Fan
Fat boy land
Member since Aug 2004
7572 posts

re: PenFed Credit Union
Just finished a refi with them. Had to resign closing docs twice because of mistakes in the docs. Had to extend the rate lock to get closing done but they didnt cause problems because it was their fault. Great rate. Lower than anyone around. Paid the $15 to join the voices group. Would do it again.


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yellowfin
Illinois Fan
Coastal Bar
Member since May 2006
75645 posts

re: PenFed Credit Union
quote:

Easy to set up?

Yes

And yes on auto loan

Call them up with any questions and they'll be happy to help


Janky
LSU Fan
Team Primo
Member since Jun 2011
10229 posts

re: PenFed Credit Union
Where are you located?


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Lsut81
USA Fan
Member since Jun 2005
65839 posts
Online

re: PenFed Credit Union
quote:

Yes

And yes on auto loan

Call them up with any questions and they'll be happy to help




Signed up, talked to them 2 or 3 times today, and just applied for an auto loan at the 1.99%. Didn't get the immediate response and had to call in bc I have a fraud watch on my report. Said it should be cleared now and they will give an answer in a day


BACONisMEATcandy
LSU Fan
Delta, Amex, & Über Threads
Member since Dec 2007
42825 posts

re: PenFed Credit Union
My credit union has the same rates as penfed generally. USAA generally beats my CU rates though fwiw


Lsut81
USA Fan
Member since Jun 2005
65839 posts
Online

re: PenFed Credit Union
quote:

USAA generally beats my CU rates though fwiw


Looked at USAA, but it seemed like you had to have a living relative that qualified in order to allow you to join.

All of my relatives that would qualify have since passed


tirebiter
LSU Fan
ATL
Member since Oct 2006
5301 posts

re: PenFed Credit Union
quote:

Looked at USAA, but it seemed like you had to have a living relative that qualified in order to allow you to join.



I called them a few years ago and was told not only did a relative have to have been in the service they also needed to have been insured by USAA at some point, which my dad had not so I joined PenFed 4-yrs ago. I actually called PenFed in November from a dealership and was approved in less than 3 minutes at an extremely cheap rate. I have not had any issues with PenFed whatsoever, and when they say no closing costs on a mortgage it is no closing costs.


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BACONisMEATcandy
LSU Fan
Delta, Amex, & Über Threads
Member since Dec 2007
42825 posts

re: PenFed Credit Union
I am planning on joining penfed sooner or later... Eventually I will want that 5% cash back gas card


SlimCharles140
Auburn Fan
Member since Dec 2011
919 posts
Online

re: PenFed Credit Union
quote:

5% cash back gas card

I got it b/c of this board. Just got my first 100 pre paid visa. Thanks guys!


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wegotdatwood
Member since Aug 2009
17094 posts

re: PenFed Credit Union
Why are you waiting? I get $15 a month back in gas only purchases. Everything else goes on my CSP


DawgCountry
Kennesaw St. Fan
Burger Inn
Member since Sep 2012
13832 posts
Online

re: PenFed Credit Union
Just got my card yesterday.


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BACONisMEATcandy
LSU Fan
Delta, Amex, & Über Threads
Member since Dec 2007
42825 posts

re: PenFed Credit Union
Because unless I go down to North Carolina.... I fill up once a month at best. I can't justify the card for that right now


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