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Credit Unions Offer a Caring, Compassionate Approach to Finances

PenFed Credit Union increases its presence in Puerto Rico with new locations, expanded services and financial education.

By Stephen Simpson | February 27, 2020 at 08:45 AM
PedFed’s branch in Hatillo, Puerto Rico.

The number of consumer banks in Puerto Rico has shrunk by half over the past decade, in what has been called a bank “exodus” from the island. But, in a sign that Puerto Ricans are embracing a kinder, more community-oriented approach to banking, the credit union presence in Puerto Rico has grown.

PenFed Credit Union has had a presence in Puerto Rico for 17 years. We began as a credit union for military service members and their families, and we developed a reputation as a trustworthy and compassionate organization. Now PenFed is open to everyone. We offer a full range of financial services, from checking, savings and auto loans to investment management and estate planning.

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