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Pentagon FCU (PenFed) Auto Loans

PenFed Auto LoansPentagon Federal Credit Union (PenFed), one of the largest credit unions in existence, has more than 1.2 million members. Most of its members use the Internet for access to the financial services that PenFed offers. These financial services include auto loans, mortgages, checking accounts and credit cards. PenFed has offices in New York, North Carolina, the Washington DC area, Hawaii and even overseas.

PenFed Car Loans

The credit union offers people looking to buy a car many options. New car loans, used car loans and refinancing have terms from 36 months to 72 months for loans up to $100,000. Payment Saver New Car and Used Car Auto Loans have terms from 24 months to 60 months from $10,000 to $100,000 and a final balloon payment. The credit union’s Car Buying Service offers lower loan rates and members get a written quote for certified car dealers.

PenFed Auto Loan Rates

Rates are subject to change, but the latest check of Pentagon FCU’s auto loan rates is as follows:

Term New Car Rate Used Car Rate
36 Months 1.49% 2.49%
48 Months 2.24% 2.74%
60 Months 2.24% 2.99%
72 Months 2.49% 3.24%

Minimum loan amount is $20,000 for loans of greater than 60 months.

Current Direction

Not only does PenFed offer financial services that will save members money on large purchases and help them to save for important events in their lives such as a child’s college education and their retirement, but it has also established the Pentagon Federal Credit Union Foundation, a 501 (c)(3). The foundation aids people in the military and their families by helping them to manage their money wisely, helping to secure affordable housing for them and supporting injured veterans.

In 2014, PenFed’s blog was named as one of our Top 15 Credit Union Blogs.

PenFed Foundation

The PenFed Foundation helps those who have sacrificed so much for their country, It strives to prevent the medical emergencies of military personnel from turning into difficult financial situations. One of its programs is Dream Makers, a program that gets grants for first-time home buyers facing financial challenges. Private donations and PenFed’s Military Heroes Golf Classic and the Night of Heroes Gala help to support the foundation.

The foundation serves the U.S. Air Force, U.S. Navy, U.S. Army, U. S. Marine Corps, U. S. Coast Guard, U.S. Army Reserve, U. S. Air Force Reserve, U.S. Naval Reserve, U. S. Coast Guard Reserve, the Department of Defense, the Department of Homeland Security and the Army National Guard.

Contact Information

You can mail PenFed through the location nearest you.

Pentagon Federal Credit Union
Box 1432
Alexandria, VA 22313-2032

Pentagon Federal Credit Union
Box 247009
Omaha, NE 68124-7009