As the premier conservative advocacy organization for mature American citizens, AMAC works to bring you the best member benefits from a range of businesses. We work to enhance our members lives, and what has a bigger impact on you than the financial institution you trust with your money? That’s why we’re partnering with PenFed Credit Union to offer you exciting, AMAC-exclusive offers.
Who is PenFed?
PenFed Credit Union is the second-largest federal credit union in the United States, serving over 2.9 million members worldwide with assets of over $35.3 billion (as of April 2023). Since its founding in 1935, PenFed’s mission has been to empower its members to achieve financial wellbeing by offering industry-leading financial products, competitive rates, outstanding customer service, and financial literacy.
PenFed Credit Untion is dedicated to giving back through multiple charitable programs. The PenFed Foundation is a 501(c)3 nonprofit serving military service members, veterans, their families, and their communities. Since 2011, the foundation has provided over $55 million in financial support, with 99% of each donation received going directly to our servicemen and women.
PenFed Credit Union also supports organizations that provide service dogs to veterans and others with disabilities. To date, PenFed has raised 9 highly-trained pups to assist our nation’s heroes.
What Does PenFed Credit Union Offer?
PenFed offers their members a range of top-tier financial products with competitive rates and terms. As a proud member of AMAC, you’re eligible for exclusive additional benefits.
Credit Cards
Whether you’re looking for outstanding credit card rewards points, a competitive interest rate, cash back on everything, or travel rewards to take you places, PenFed has the credit card for you. Plus, take advantage of opportunities to earn valuable statement credits, extra cashback, or reward points bonuses. Best of all, get a decision in as little as 20 seconds when you apply online.
Whichever card you choose, you’ll receive a $16 annual AMAC membership credit when you pay with your PenFed Credit Union credit card.
Auto Loan Refinance
Members who refinance at PenFed’s low auto loan rates save an average of $191 per month. Maybe that’s why their car loans are consistently rated as Best-in-Class. Finance up to 100% with loan amounts up to $100,000, and choose from flexible terms ranging from 36 to 84 months.
Applying for prequalification online is easy, and since PenFed Credit Union will only use a soft pull for this initial evaluation, your credit score won’t be impacted. Plus, you’ll receive your offers electronically within minutes. (Note: If you choose to initiate a loan application after checking your rates, you will be required to authorize a full credit report inquiry, which would be considered a hard pull and may affect your credit.)
Access America Checking
Want to earn more on your checking account? How about up to 5X the national average [1]? You can with PenFed’s Access America checking. Earn 0.15% [2] Annual Percentage Yield on daily balances of less than $20,000, or 0.35% [2] APY on balances of between $20,000 and $50,000. That’s a rate worth getting excited about!
PenFed checking is all about convenience. Access to your account from anywhere using their secure mobile app, PenFed online, or one of over 85,000 fee-free ATMs nationwide. Find PenFed wherever life takes you.
Keep more of your money by waiving PenFed Credit Union’s $10 monthly maintenance fee. Either set up a monthly direct deposit of $500 or more to your account, or maintain a daily balance of $500 or more. You can even get your paycheck a day early when you set up direct deposit from your employer or payor. [3]
[1] Up to 5X the national average of 0.07% APY is based on the national average of checking account rates published in FDIC Weekly National Rates and Rate Caps accurate as of September 1, 2023.
[2] Account is a variable rate account. APY is valid as of last dividend declaration date of September 1, 2023 and subject to change at any time. Fees may reduce earnings on account. Minimum deposit of $25 required to open account. When an account is terminated prior to the end of a statement cycle, dividends will be paid if the aggregate deposit requirement is met on the date of account termination. Dividends are compounded daily and paid monthly.
[3] Early access to direct deposit is available for all PenFed members that set up a direct deposit with their employer or other payor. Early direct deposit eligibility may vary between pay periods and timing of payors funding.
