The $15.1 billion Pentagon Federal Credit Union and the Marine Corps League have announced that the former is now the latter’s exclusive, preferred financial services affinity partner.
According to PenFed, the nation’s third-largest credit union, and Marine Corps League officials, the goal is to have every league member benefit from PenFed’s 75 years of financial lending experience and best-in-class products, while cross-promoting the benefits of Marine Corps League membership to eligible PenFed members.
"This day marks a new beginning for two truly amazing organizations,” said Frank Pollack, president of the 1-million member PenFed. "It is an honor to be chosen by the league to be their sole affinity financial service provider. It’s a win-win for all, but the biggest winners will be the employees and members of the Marine Corps League.”
In December 2010, PenFed added the Marine Corps League to its membership charter, allowing PenFed to open its doors to membership eligibility to the employees and members of the Marine Corps League and Marine Corps League Auxiliary.
“The Marine Corps League chose Pentagon Federal as our financial services provider based on their excellent reputation for service to their members over many years. This relationship provides our members and employees the opportunity to take advantage of the many services available through PenFed, enjoying low interest rates on auto loans, mortgages, etc., as well as the many other benefits of being a member of one of the largest federal credit unions in the nation. This is truly an exciting opportunity for both organizations,” said Mike Blum, national executive director of the Marine Corps League.
PenFed also was selected earlier this year to be the exclusive affinity provider to the Navy League of the United States. Together, these affinity partnerships represent over 125,000 members of the Marine Corps and Navy communities.