Pentagon Federal Credit Union (PenFed) is a federally-chartered credit union based in McLean, Virginia founded in 1935. PenFed has an inclusive membership policy, allowing individuals from various backgrounds to join and grants individuals access to PenFed's range of financial services and benefits. PenFed offers commercial loans, commercial deposit accounts, consumer and small business checking and savings accounts, certificates of deposit, individual retirement accounts, health savings accounts, credit cards, consumer loans, mortgages, and retirement, investments, and wealth management services.
Pentagon Federal Credit Union - Recent News & Articles
Huntington Bank will acquire Texas- and Mississippi-based Cadence Bank in a $7.4 billion, all-stock transaction that’s expected to close in the first quarter of 2026, the banks said Monday. It’s the s...
The stockmarket is not the economy, as the old investing cliché goes. That is obvious enough to anyone paying attention in America this year. President Donald Trump’s tariff fervour has dented growth,...
Coinbase CEO Brian Armstrong has outlined plans to build a crypto super app, offering credit cards, payments and Bitcoin rewards to rival traditional banks. Speaking during a recent interview with Fox...
Google has unveiled an open protocol designed to serve as the foundation needed to enable AI agents to transact payments on behalf of users and merchants. The tech giant has lined up more than 60 part...
PayPal Ventures has led an $18 million funding round in Kite, a company building the trust infrastructure for AI-generated autonomous payments. PayPal was joined by General Catalyst, 8VC, Samsung Next...
Global long-term bond yields are surging, with U.S. 30-year Treasuries near 5% and U.K. gilts above 5.7%, as investors grow wary of mounting debt and political pressure on central banks. Safe-haven go...
The ratio of the S&P 500’s tech companies to the index is back at dot-com era levels. The S&P came within 0.01% of its 16th record close this year on Friday, while the Nasdaq nailed its 18th. Stocks ...
President Trump signed a pair of executive orders Thursday intended to reshape the world of banking and high finance—some in ways Wall Street likes, and others it feared. One order seeks to make it ea...
JPMorgan Chase said that the fintech middlemen that have helped a new generation of financial apps connect with traditional checking accounts are flooding the bank’s systems with unnecessary data requ...
In 2024, banking crossed a critical threshold. No longer satisfied with being simply digital and inspired by interactions with Chat GPT, customers began demanding something deeper—experiences that und...