- Originally created with military as core membership, the $22.4 billion Pentagon Federal Credit Union has recently launched an aggressive national advertising campaign boasting of “great rates for everyone” – proving they no longer follow the common bond provision.
- For those who do not meet membership eligibility at PenFed, just a $17 donation (which could even be tax deductible) to one of their various partner foundations allows someone to join.
- PenFed has 50+ offices and 1,700 world-class sales professionals, offering complete service coverage in Virginia, Maryland, District of Columbia, Delaware, Pennsylvania, West Virginia, Florida, Tennessee, Kansas and Texas markets.
Pennsylvania Credit Unions' Free Ride
Although they portray themselves as mom and pop shops for people of modest means, today credit unions are a $1.3 trillion industry, with many indistinguishable from banks. The BIG difference – they don’t pay federal income taxes, depriving the U.S. Treasury of roughly $2 billion every year.