About Penfed membership

[VirtualCuriosity]

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@cflowers0115 wrote:

I started an application with them.. didn't even go on except filling out the beginning, didn't complete and they STILL hard pulled my EQ.. just a warning if reviewing their app, they WILL pull even if you don't complete.

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This just happened to me with another credit union.  It is so frustrating.  I saved an application that was half way finiched and then decided not to continue later.  Got the alert a week later.

[911gt34life]

if i make Make a Gift of 25 dollar would this let me join ?

[redshift1]

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@911gt34life wrote:

if i make Make a Gift of 25 dollar would this let me join ?

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Go to Penfed website and follow the how to join steps, cost was about $20-25 including a donation and $5 to open an account.

Did everything on line including downloading the docs printing and emailing scanned application. 

I have 750 + on all scores but i've seen 680 approved and 780 declined from others. 

[user5387]

There are a variety of ways of joining.  In my case, I made a donation to the American Red Cross.

Penfed does a hard EQ pull for membership, and also hard EQ pulls for checking and CCs.  I believe these pulls can be folded into one if done close together.

Having good enough credit to join is not the same as being qualified for a loan product.  Penfed is very conservative about the latter.

[redshift1]

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@user5387 wrote:

There are a variety of ways of joining.  In my case, I made a donation to the American Red Cross.

Penfed does a hard EQ pull for membership, and also hard EQ pulls for checking and CCs.  I believe these pulls can be folded into one if done close together.

Having good enough credit to join is not the same as being qualified for a loan product.  Penfed is very conservative about the latter.

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Yes, I was charged one hard pull for the Penfed application which is good for at least 30 days and covers any subsequent applications within that period. 

[911gt34life]

How do i make the donation to red cross? I can only do national military families because not in military.

[user5387]

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@911gt34life wrote:
How do i make the donation to red cross? I can only do national military families because not in military.

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The American Red Cross is still listed on the Penfed application page, but you might wish to double check with Penfed first.  They specifically told me this would work when I joined in the summer of 2012.

I made the donation online, saved the receipt, and then joined Penfed, indicating "I belong to the following association or organization".

A hard EQ pull is done while joining.

[Involver]

Currently in the midst of joining various CUs for various purposes, joined yesterday.  Quick and easy, $15 to join with a $5 initial deposit. 

Can anyone confirm they will use the same HP for any credit or loan products within 30 days of account opening?

[Andy77]

I have a bk from 2009, about 6 inq and 1 % utilization.  They gave me an Amex Travel rewards card with 5k limit and 500.oo thrifty loan and 25k car loan at 1.99 APR

My credit is not perfect..but I know they use EQ Beacon and my beacon was 721 when I applied with them whereas my regular EQ score with myfico was like 690.

So, I had a great experience with them despite my BIG dings in 2009..ie BK

You should try them