Vehicle Loans
The maximum amount we will finance for a New Auto Loan
What is $100,000?
This is the "as low as" rate for Personal and Bill Consolidation Loans.
What is 6.49%?
This is the price of PenFed's GAP coverage
What is $449?
Members have this many days to change a due date after loan disbursal
What is 10 days?
The Branch Manager for Clovis New Mexico
Cyndi Tuttle
Loan checks and drafts (Including Pre-approvals) are good for this many days.
What is 90 days?
This loan type is similar to the Overdraft Line of Credit, but cannot be linked to a Penfed Checking account and you can advance from it whenever you want.
What is the Fixed Rate Personal Line of Credit?
Debt Protection Coverage (Plan 1) includes the following coverage and costs the member this much per $1000.
What is Loss of life, disability, and involuntary unemployment for $2.10 per $1000 outstanding balance.
Loan cancellations in the branch will be handled with this form which will be sent to Bank Recon along with a copy of the check.
What is form 178?
The SVP for Branch Operations
Who is Derrick Harris?
The Payment Saver Auto Loan includes this product for free
What is GAP insurance?
The ARK loan is offered to these types of members only.
What is military members (Active duty - national guard, Reserves etc.)
Route 66 and GAP insurance can be cancelled for a full refund within this time period.
What is 60 days?
DAILY DOUBLE
Members must make this many consecutive payments between skip pay requests
What is 12 consecutive payments?
EVP for Information Technology
Who is Joe Thomas?
Pre-approval drafts can be done after an individual has been a member for this many months
6 months
To apply for the PenFed Student Loan Refinance Program, members can go to either of these two websites.
What is PenFed.org or penfed.purefy.com?
This department handles the cancellation or addition of payment protection products after loan disbursal.
What is ASB Insurance?
These are the three payment options for an auto loan available to the BSR (ACH not included)
What is automatic transfer from PenFed (Minimum amount on due date) coupon book, member initiated payments?
PenFeds First Senior Executive VP.
Who is Lisa Jennings?
What is the most amount a member could borrow to have a payment amount of $450 a month for a 60 month new auto loan? Assume lowest possible interest and no debt protection products.
$24,691.95
The member must wait this many days after disbursal before their OLOC account becomes active.
What is 3 days?
These are the two additional benefits provided with PenFed GAP insurance.
What is the GAP Advantage and Auto Deductible Reimbursement (ADR)?
If the member does not provide insurance verification this will be placed on their loan account causing payments to increase
What is CPI (Collateral Protection Insurance)?
PenFed's Chief Financial Officer
There isnt one right now!