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PenFed Credit Union Membership

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The-Credit-Disciple
Frequent Contributor

PenFed Credit Union Membership

Great afternoon Myfico FamSmiley Happy

 

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

Message 1 of 36
35 REPLIES 35
AllZero
Mega Contributor

Re: PenFed Credit Union Membership

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

Message 2 of 36
SouthJamaica
Mega Contributor

Re: PenFed Credit Union Membership


@The-Credit-Disciple wrote:

Great afternoon Myfico FamSmiley Happy

 

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.


Total revolving limits 650200 (529700 reporting) FICO 8: EQ 706 TU 714 EX 715

Message 3 of 36
dragontears
Senior Contributor

Re: PenFed Credit Union Membership


@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 

Message 4 of 36
The-Credit-Disciple
Frequent Contributor

Re: PenFed Credit Union Membership

What is considered a modest donation? 

Message 5 of 36
The-Credit-Disciple
Frequent Contributor

Re: PenFed Credit Union Membership

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? 

Message 6 of 36
SouthJamaica
Mega Contributor

Re: PenFed Credit Union Membership


@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.


Total revolving limits 650200 (529700 reporting) FICO 8: EQ 706 TU 714 EX 715

Message 7 of 36
The-Credit-Disciple
Frequent Contributor

Re: PenFed Credit Union Membership

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?

Message 8 of 36
AllZero
Mega Contributor

Re: PenFed Credit Union Membership


@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.

Message 9 of 36
Anonymous
Not applicable

Re: PenFed Credit Union Membership

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

Message 10 of 36
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