Members of the $14.7 billion Pentagon Federal Credit Union will have access to a range of investment and insurance products through a new partnership with USAA.
Eligible PenFed members will have easy access to auto and home insurance, annuities, life insurance and investment products from USAA as PenFed's new preferred provider of such products. Starting in 2011, USAA will be able to offer its members new, lower-rate jumbo mortgage options and members of both organizations will be able to speak to USAA staff at some PenFed branches next year for their non-banking needs, either in person or through video telephony.
USAA provides insurance, banking, investment and retirement products and services to 7.8 million members of the U.S. military and their families.
