Savings Accounts
This is the account that all individuals must have in order to become/remain a member.
What is Regular Share Savings, RSV, Membership Savings?
The minimum opening deposit for a checking account.
What is $25?
Certificates cannot be closed (Redeemed early) within this many days if funded by ACH
What is within 60 days?
We cannot use this when inputting names and addresses into penguin.
What is punctuation?
This is the Branch manager for the Hagatna Branch in Guam.
Who is Lynne Franklin?
Account which earns you higher dividends than a regular savings and does not require a direct deposit.
What is the Premium Online Savings ?
The member gets this many free checks upon opening a checking account.
What is 50 checks?
This form is used for early redemption of a Certificate.
What is jet form 692?
This is the hold policy for personal checks for members less than 6 months.
What is $200 available immediately, rest on 2 - Day Hold?
The EVP of General council
Who is Scott Lind?
This is the fee for a check stop payment
What is $20?
The Overdraft line of Credit account will be accessed with this type of transaction when purchasing in a store. [DAILY DOUBLE X2 POINTS]
What are PIN-less (Credit) transactions?
The grace period for CDs when all terms can be changed without penalty, after maturity.
What is 10 Days?
This must be viewed in the branch prior to processing any transaction or releasing any information to any member.
What is photo ID?
The Director of Branch Operations.
Who is Monica Brooks?
The minimum credit score for a regular hold membership.
What is 565?
In order to earn dividends on the checking account you must have this.
What is a direct deposit of $500 or more?
Members will receive this form in the mail after completing a CD in the branch. (Form number and name)
What is form 686, Certificate Agreement?
Savings accounts are limited to 6 withdrawals per month by this Regulation.
What is Regulation D?
The EVP of Operations
Who is Jamie Gayton?
The two most important reasons we pull a potential members credit before opening an account.
What is to verify identity and determine level of membership?
A Limited checking account holder is prohibited from these actions/services. (Name three)
What is no cashing checks, ACH transfers, Free online bill pay, surcharge free Allpoint ATMs, Mobile Deposit?
If a member with a 4 yr CD opened after 2015 wants to redeem it 2 years before maturity, what will be their penalty?
The penalty will be 30% of gross amount of dividends that would have been earned if the certificate had reached maturity
These are the three documents a member needs to establish a POA at Penfed.
What is the POA document itself, the Statement of Indemnity (L12 or 14), and the Agents Affidavit (172)?
The Ops Officer for the Tysons Corner Branch.
Who is Cheryl Williams Thomas