SOURCE: Pentagon Federal Credit Union

Pentagon Federal Credit Union

March 31, 2010 16:53 ET

Pentagon Federal Credit Union Proudly Celebrates Milestone 75th Anniversary

ALEXANDRIA, VA--(Marketwire - March 31, 2010) -  Pentagon Federal Credit Union (PenFed) celebrated a milestone Anniversary this month, proudly tipping their hat to 75 years of member service.

PenFed was originally founded as the War Department Federal Credit Union in 1935 and changed its name to Pentagon Federal Credit Union in 1942. Initially chartered with $200 on March 25, 1935, the credit union has risen to become the third largest credit union in the United States with over $14 billion in assets today. 

The credit union attributes much of its good fortune on one basic principal, and that is to be a low-cost provider offering exceptional value at best market rates. Fast approaching a membership of 1 million strong, PenFed has consistently rated at the highest level of safety and soundness.

"It is an honor to serve the credit union and I am proud of our achievements," noted Frank Pollack, President, PenFed. "However, our members are truly our most valuable asset. For it is our diverse and loyal membership base that allows us to be the vibrant credit union we are today, which is even greater cause for celebration."

For more information about Pentagon Federal Credit Union and to become a member, visit www.penfed.org or call 800-247-5626.

About Pentagon Federal Credit Union

Pentagon Federal Credit Union, established in 1935, has more than 950,000 members and assets in excess of $14.5 billion, and provides worldwide service to Army, Air Force, Coast Guard, Department of Defense, and Department of Homeland Security personnel; members of the VFW; employees or volunteers of the American Red Cross; and others in the defense community and their families. 

Contact Information

  • Media Contact:

    PenFed
    Amy Doane
    Direct: (541) 225-6606
    E-mail: Email Contact