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PenFed Credit Union Membership

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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
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Super Contributor

Re: PenFed Credit Union Membership

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

Message 2 of 36
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Super 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 644000 (568000 reporting)



Message 3 of 36
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Valued 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 

Scores hover around 800
Haven't been AZEO in over a year
Rome was not built in a day, neither is a good credit profile
Message 4 of 36
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Frequent Contributor

Re: PenFed Credit Union Membership

What is considered a modest donation? 

Message 5 of 36
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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
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Super 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 644000 (568000 reporting)



Message 7 of 36
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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
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Super 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
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Valued Contributor

Re: PenFed Credit Union Membership

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





My Cards:




Profile Type: New, Thin, 100% Clean
INQ's: EQ: 0 TU: 1 EX: 2 (last 12 mo.)
Recent Accounts: 4 (last 24 mo.)
Total CL: 24.95k Util. 1% AAoA: 2 yrs, 1 mo.
AoOA: 2 yrs, 7 mo. AoYA: 0 mo. 100% PIF.




myFICO Member since: July 21, 2018 | Joined Community: Aug. 17, 2018 | Starting Scores: EQ: 716 TU: 738 EX: 698

Message 10 of 36
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