The $15.1 billion Pentagon Federal Credit Union and the MarineCorps League have announced that the former is now the latter'sexclusive, 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 leaguemember benefit from PenFed's 75 years of financial lendingexperience and best-in-class products, while cross-promoting thebenefits of Marine Corps League membership to eligible PenFedmembers.

“This day marks a new beginning for two truly amazingorganizations,” said Frank Pollack, president of the 1-million member PenFed. “It isan honor to be chosen by the league to be their sole affinityfinancial service provider. It's a win-win for all, but the biggestwinners will be the employees and members of the Marine CorpsLeague.”

In December 2010, PenFed added the Marine Corps League to itsmembership charter, allowing PenFed to open its doors to membershipeligibility to the employees and members of the Marine Corps Leagueand Marine Corps League Auxiliary.

“The Marine Corps League chose Pentagon Federal as our financialservices provider based on their excellent reputation for serviceto their members over many years. This relationship provides ourmembers and employees the opportunity to take advantage of the manyservices available through PenFed, enjoying low interest rates onauto loans, mortgages, etc., as well as the many other benefits ofbeing a member of one of the largest federal credit unions in thenation. This is truly an exciting opportunity for bothorganizations,” said Mike Blum, national executive director of theMarine Corps League.

PenFed also was selected earlier this year to be the exclusiveaffinity provider to the Navy League of the United States.Together, these affinity partnerships represent over 125,000members of the Marine Corps and Navy communities.