ALEXANDRIA, VA and ARLINGTON, VA — (Marketwire) — 08/16/11 — Pentagon Federal Credit Union (PenFed) announced today that they are now the exclusive, preferred financial services provider for credit cards, vehicle loans, and mortgages for the Navy League of the United States.
“This newly enhanced partnership is exciting on many levels,” says Frank Pollack, President, PenFed. “Not only does it allow us to proudly support the cause and efforts of the Navy League-s 100 year mission, but it provides us with the opportunity to offer our products and financial products to the outstanding group of individuals who belong to the League. The opportunities this partnership creates will be endless.”
The partnership joins two tried-and-true organizations whose goals benefit military service men and women worldwide. According to PenFed and Navy League officials, the goal is to have every Navy League member benefit from PenFed-s 75 years of financial lending experience and “best-in-class” products, while cross-promoting the benefits of Navy League membership to eligible PenFed members.
“Our partnership with PenFed is a win-win for both organizations and particularly for our Navy League membership,” said Dan Branch, National President of the Navy League. “Our volunteers provide countless hours of their personal time supporting our Sailors, Marines, Coast Guardsmen and Merchant Marines and I-m grateful that we can now add access to PenFed as another benefit in return for everything they do.”
In April 2011, PenFed added the Navy League to its membership charter, allowing PenFed to open its doors to membership eligibility to the employees and voting members of the Navy League. Through that newly forged partnership, a Navy League employee or member is now eligible to join PenFed and apply for any of PenFed-s financial products. In turn, PenFed members are welcome to support the efforts of the League through their membership support.
Pentagon Federal Credit Union is the third largest credit union in the United States with over a million members, and more than $15 billion in assets. The credit union provides worldwide service to Army, Marine Corps, Navy, Air Force, Coast Guard, Department of Defense, and Department of Homeland Security personnel, members of the VFW, employees or volunteers of the American Red Cross, and others in the defense community and their families.
For more information about PenFed or to learn more about membership, visit or call 800-247-5626.
The Navy League of the United States was founded in 1902 and is a civilian organization with nearly 50,000 members dedicated to educating American citizens and elected officials about the importance of sea power to U.S national security and supporting the men and women of the sea services and their families.
For more information about the Navy League of the United States, visit , on Twitter at twitter.com/#!/NavyLeagueUS, or like them on Facebook, .
Amy Doane
PenFed
541-225-6606
Tom Van Leunen
Navy League
703-528-1775