As with many CUs, Penfed does a HP for membership. Usually that HP will be used for any products that require a credit pull during a short period after joining (60 days? 90? I can't remember Penfed's policy)
Yeah the Penfed hard inquiry is good for 90 days; Penfed generally would pull hard for all their products outside of that 90 days, so if your looking to get a specific product from them I would apply well within the 90 days to avoid another hard pull. For the credit cards they will usually propose a credit limit based on your credit worthyness and then either instant approve it or send it to underwriting to be manually reviewed and approved/declined.
Starting Score: 770
