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PenFed sign at its headquarters in Tysons Corner, Va. PenFed sign at its headquarters in Tysons Corner, Va. (Source: Shutterstock)

PenFed Credit Union broke another record for mortgage originations in the third quarter and managed to increase auto loan production in the midst of shortages.

PenFed of Tysons, Va., just outside Washington, D.C., originated about $1.2 billion in new and used car loans in the three months that ended Sept. 30. That was up from about $545 million in 2021’s third quarter and $1 billion in this year’s second quarter.

Jim DuPlessis

A journalist for decades.

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