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Is PenFed good for auto loans?
"I keep seeing auto loans from PenFed, but I know nothing about them.
Are they a legitimate company? Are they good for auto loans?"
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“Founded in 1935, PenFed is one of the oldest credit unions in the country. While membership was originally available to government employees, military, and their families, membership is now open to anyone.
To answer your question, PenFed is 100% a legit company. As far as auto loans go, they offer competitive rates because credit unions are nonprofit companies. Like with
car insurance
, you should always shop around to find the best auto loan rate.”View full answer
- Gregory R.
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