Fingers crossed for you!
PenFed is very conservative, relatively speaking, with their money, and I like that in my CCC's. I'm happy knowing that my APR's aren't going to suddenly triple, and that I won't suddenly get CLD'd, not through any fault of my own, but because a bunch of three-piece-suits tried to out-macho each other with risky financial deals.
If they like your finances, and your credit reports are not too stinky, they'll take you. If they're asking your financials, that's generally good, indicating that they're trying to figure out what CL to give you.
Hang in there! It's not all about instant gratification, you know.
Hope it all works out for ya.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007