SOURCE: Pentagon Federal Credit Union

Pentagon Federal Credit Union

August 25, 2011 12:42 ET

ATM Surcharge Fees Eliminated at All PenFed Military Base Locations Worldwide

Pentagon Federal Credit Union Is Eliminating All Surcharge Fees on Its ATMs on Military Installations Worldwide, Effective September 1, 2011

ALEXANDRIA, VA--(Marketwire - Aug 25, 2011) - Continuing its 76-year tradition of service to America's military, Pentagon Federal Credit Union (PenFed) has announced that it is eliminating all surcharge fees on its ATMs on military installations worldwide effective September 1, 2011.

This means that even if a non-PenFed ATM or debit card is used in one of PenFed's on-base machines, the credit union won't assess an additional service charge against the cardholder.

"We think this is a significant way to show support for, and lessen the stress on, the men and women serving their nation and those on base who support them," said James Schenck, Executive Vice President at PenFed. "Surcharge fees have become a major source of revenue for many financial institutions in recent years and it is money out of our soldiers and families pockets. Eliminating these fees makes a significant contribution to the wellbeing of our service men and women around the world," he added.

About Pentagon Federal Credit Union

Pentagon Federal Credit Union is the third largest credit union in the United States with over a million members, and more than $15 billion in assets. The credit union provides worldwide service to Army, Marine Corps, Navy, 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.

For more information about PenFed, or to learn more about membership, visit www.PenFed.org or call 800-247-5626.

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