topic Re: I am a new PenFed Member Yay!!! in Personal Finance

PenFed Credit Union Membership

The-Credit-Disciple — Fri, 07 Feb 2020 22:03:47 GMT

Great afternoon Myfico Fam

I am looking in to becoming a member of this Credit union. do I have to have Family in the Military to join?

here is my Data Points:

Exp 724

Trans 736

EQ 723

Income: $131000

8 new accounts opened in the last 18 months

15% overall UTI

no lates

Re: PenFed Credit Union Membership

AllZero — Fri, 07 Feb 2020 22:05:27 GMT

Open membership. Good luck. You can join over the phone.

Re: PenFed Credit Union Membership

SouthJamaica — Fri, 07 Feb 2020 22:28:14 GMT

@The-Credit-Disciple wrote:
Great afternoon Myfico Fam

I am looking in to becoming a member of this Credit union. do I have to have Family in the Military to join?
here is my Data Points:

Exp 724
Trans 736
EQ 723

Income: $131000
8 new accounts opened in the last 18 months
15% overall UTI
no lates

No, you just need to make a modest donation to one of several charities.

Re: PenFed Credit Union Membership

dragontears — Fri, 07 Feb 2020 22:28:32 GMT

@AllZero wrote:
Open membership. Good luck. You can join over the phone.

When I joined last year I did it all online so that is an option

Re: PenFed Credit Union Membership

The-Credit-Disciple — Fri, 07 Feb 2020 22:31:40 GMT

What is considered a modest donation?

Re: PenFed Credit Union Membership

The-Credit-Disciple — Fri, 07 Feb 2020 22:35:00 GMT

I see a lot of threads on this forum about PenFed , the majority being really good, especially for the credit cards. How are they in your opinion to the ones who have Credit cards and accounts?

Re: PenFed Credit Union Membership

SouthJamaica — Fri, 07 Feb 2020 22:58:20 GMT

@The-Credit-Disciple wrote:
What is considered a modest donation?

I think it was $10 or $15.

Well worth it to become a PenFed member, IMHO.

Re: PenFed Credit Union Membership

The-Credit-Disciple — Fri, 07 Feb 2020 23:00:12 GMT

Is it true that they pull Equifax for the membership? And will use the same HP if you app for one of their credit cards?

Re: PenFed Credit Union Membership

AllZero — Fri, 07 Feb 2020 23:13:56 GMT

@The-Credit-Disciple wrote:
Is it true that they pull Equifax for the membership? And will use the same HP if you app for one of their credit cards?

They pull EQ9. Expect hard pull for membership. Expect another hard pull for CC application.

Re: PenFed Credit Union Membership

Anonymous — Fri, 07 Feb 2020 23:38:44 GMT

Let us know how it goes. I've been looking into maybe becoming a PenFed member myself!

I am a new PenFed Member Yay!!!

The-Credit-Disciple — Fri, 07 Feb 2020 23:58:15 GMT

OMG I am a PenFed member, Wow that was a simple process, I am very tempted to app for the Power cash rewards Visa

Re: I am a new PenFed Member Yay!!!

Anonymous — Sat, 08 Feb 2020 00:11:58 GMT

Awesome you did it! Did you make a donation?

Re: I am a new PenFed Member Yay!!!

AllZero — Sat, 08 Feb 2020 00:12:08 GMT

Congratulations on your membership!

Re: I am a new PenFed Member Yay!!!

The-Credit-Disciple — Sat, 08 Feb 2020 00:15:44 GMT

It didn't ask me too, I was trying to find where you do that but I couldn't find it. Maybe they changed the requirements

Re: I am a new PenFed Member Yay!!!

AllZero — Sat, 08 Feb 2020 00:17:07 GMT

@The-Credit-Disciple wrote:
OMG I am a PenFed member, Wow that was a simple process, I am very tempted to app for the Power cash rewards Visa

The PCR is a great 2% cash back card if you meet the requirements.

Re: I am a new PenFed Member Yay!!!

The-Credit-Disciple — Sat, 08 Feb 2020 00:17:42 GMT

I thought I would have to Donate, but it didn't ask me and I couldn't find it

Re: I am a new PenFed Member Yay!!!

The-Credit-Disciple — Sat, 08 Feb 2020 00:18:44 GMT

They pull Equifax right for the credit card application right?

Re: I am a new PenFed Member Yay!!!

Anonymous — Sat, 08 Feb 2020 00:20:54 GMT

@The-Credit-Disciple wrote:
I thought I would have to Donate, but it didn't ask me and I couldn't find it

Even better! Congratulations on your membership.

Re: I am a new PenFed Member Yay!!!

Jnbmom — Sat, 08 Feb 2020 00:22:01 GMT

@The-Credit-Disciple wrote:
They pull Equifax right for the credit card application right?

Yes they pull EQ for everything. The rewards card is your best bet , unless you are looking for BT offers then the gold. The promise card lower apr but nothing else .

Re: I am a new PenFed Member Yay!!!

The-Credit-Disciple — Sat, 08 Feb 2020 00:25:03 GMT

Will it be the same HP they used for the membership app? Because I have not gotten a notification yet from that pull