Alexandria, Va. — Pentagon Federal Credit Union (PenFed), the $18.6-billion institution based in Alexandria, Va. has introduced a new financial product for its membership: the "Access America" checking account.
"We're excited to be able to deliver a new checking option to our members," PenFed EVP and COO Kevyn Myers said in a statement. "Our members have been asking for a low-cost checking account that includes rich features such as dividends on deposits, free online bill payment, and identity theft protection."
Myers said the Access America account provides members with easier access to money. "Through our partnership with the Allpoint Network, we have expanded our network of free ATMs for PenFed members to more than 56,000 worldwide," he said. "This is a big enhancement because it allows Access America users to withdraw funds absolutely surcharge-free."
Among Access America's other features: free online bill payment, identity theft protection from Equifax and overdraft protection.
PenFed is one of the largest credit unions in the U.S., with about 1.3 million members and $18.5 billion in assets.
