The Pentagon Federal Credit Union is probably one of the best credit unions in the country as it’s always consistently had low rates on loans and high rates on its Certificates of Deposits (CDs), so one must ask, how can you join? Much like any other credit union, you have to satisfy membership requirements before you can get in and this one is no different. PenFed was originally intended for the military and civilian employees of the government and so their appearance in the list of qualifying groups is clear. The other groups allow family members and relatives to join as well as those who work at eligible places of business such as Walter Reed Army Medical Center and Anderson Air Force Base. Again though, there you see the ties to the military or government.
So, can someone with no ties to the military and who doesn’t work for the government find a way to join? The answer is yes.
Let’s go back to the six groups that can join:
- United States Military & Uniformed Services
- Member of an Eligible Association or the Military Officers Association of America (MOAA)
- United States Government Employees
- Family Member or Housemate
- Employee of an Eligible Place of Business
- National Military Family Association (NMFA)
Did you see that sixth entry? The National Military Family Association (NMFA)? If you are a member of the NMFA, then you can join the PenFed and anyone can join the NMFA for a one-time fee. There you have it… a way for a civilian to get membership into the PenFed. Check out their rates and you’ll be amazed… then you’ll want in!
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