PenFed Credit Union, headquartered in Virginia Beach, Virginia, operates as a member-owned financial cooperative serving a diverse membership base. Since its inception, PenFed has grown from a small military-focused credit union into a multi-state financial institution, expanding its reach while maintaining a cooperative framework that emphasizes member value and shared ownership. The organization provides a range of financial services through its network of branches, digital channels, and partner locations, aligning product offerings with consumer banking, loans, and savings needs.
Historically rooted in serving military personnel and federal employees, PenFed has evolved to support broader demographics while preserving its member-centric ethos. Its activities span everyday banking operations, loan underwriting, and financial services designed to meet household budgeting, wealth-building, and debt management goals. The entity emphasizes governance by elected members and adherence to regulatory standards that govern nonprofit cooperative institutions. Operationally, PenFed focuses on prudent risk management and scalable service delivery to its members across multiple regions, maintaining a stable platform for continuous member access to financial services.
Better than 15% of providers in Virginia Beach
In addition to the primary service, PenFed Credit Union also offers:
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PenFed Credit Union is a verified financial service provider. This means we have confirmed their business information, contact details, and they have received customer reviews. You can trust this provider for your financial needs.
Find answers to common questions
PenFed Credit Union is listed as a financial service provider in Virginia Beach, VA and must follow both state and federal regulations that apply to this type of business. As with any financial provider, you should review the agreement carefully before signing, make sure you understand all fees and repayment terms, and only use official contact details from this page or the company's own website. Avoid sharing personal or payment information with anyone who contacts you unexpectedly and, if something seems unclear, ask PenFed Credit Union to explain the terms in writing before you proceed.
To improve your chances of getting better terms from PenFed Credit Union, be prepared with accurate information about your income, existing debts, and the amount you really need to borrow. If possible, check your credit history in advance, avoid late payments on other accounts, and consider offering collateral if the product allows it, as stronger overall finances can help you qualify for more favorable rates or fees. It's also a good idea to compare PenFed Credit Union with other providers in Virginia Beach and to ask directly about any current promotions, loyalty benefits, or ways to reduce the total cost of your loan.
PenFed Credit Union has a rating of 2.3, which is better than 15% of providers in Virginia Beach.
Requirements can vary by product, but for most visits you should be ready to bring a valid government-issued ID, proof of income (such as recent pay stubs or bank statements), and proof of address like a utility bill or lease. If you are applying for a title or secured loan, you may also need the vehicle title, registration, and insurance details, along with any other documents PenFed Credit Union requests. It is always best to call ahead using the phone number on this page so PenFed Credit Union can confirm exactly which documents you need for your specific situation.
In addition to its primary service, PenFed Credit Union also offers: Credit union, ATM, Bank, Financial consultant.