Is PenFed good for auto loans?

"I keep seeing auto loans from PenFed, but I know nothing about them.

Are they a legitimate company? Are they good for auto loans?"

Answer
“Founded in 1935, PenFed is one of the oldest credit unions in the country. While membership was originally available to government employees, military, and their families, membership is now open to anyone.
To answer your question, PenFed is 100% a legit company. As far as auto loans go, they offer competitive rates because credit unions are nonprofit companies. Like with car insurance, you should always shop around to find the best auto loan rate.”
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Eric Schad
Answered on May 21, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
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