PenFed Inks Partnership Deal With USAA
ALEXANDRIA, Va. – Pentagon FCU announced a deal this morning with insurer USAA that will give members of the nation’s third largest credit union access to auto and home insurance, annuities, life insurance and investment products from the cooperative insurer serving the military.
The deal will also give members of USAA access to PenFed’s jumbo mortgages.
The arrangement will give USAA and PenFed members direct access to USAA staff at select credit union branches, either in person or through video phones.
San Antonio-based USAA provides insurance, banking, investment and retirement products to 7.8 million members of the U.S. military and their families. PenFed is a $15 billion credit union that serves all branches of the military.