Checking
What is the dividend rate for $20,000 to $50,000 for Access America accounts?
A) 0.15%
B) 0.20%
C) 0.35%
D) 0.50%
0.35%
The higher the funds the better the return!
What year did PenFed emerge?
A) 1928
B) 1935
C) 1937
1935
With the Power Cash Rewards card, what program allows members to earn 2% cash back?
A) Give me more
B) Honors Advantage
C) Advantage Honors
Honors Advantage
The member must have a Defender or Checking relationship with PenFed.
What savings accounts can be opened for membership?
A) PSV, MMSA
B) MMSA, RSV
C) RSV, PSV
RSV, PSV
Opening a membership involves opening a Regular Share account or Premium Online Savings account and depositing a minimum of $5
What is the Maximum term for Personal Loans?
A) 90 months
B) 48 months
C) 60 months
60 Months
What is the minimum balance for this account?
A) $10.00
B) $100.00
C) $0.00
D) $5.00
$0.00
Members may withdraw all funds and do not need to maintain a minimum balance.
PenFed is federally insured by the ______ and is an Equal ________ Lender.
A)FDIC, Opportunity
B) NCUA, Opportunity
C) NCUA, Housing
NCUA, Housing
What is the foreign transaction fee charged by PenFed?
A) $5.00 per transaction
B) 3% Fee per transaction
C) There is no fee
There is no fee.
PenFed does not charge international transaction fees on PenFed credit cards.
PenFed will only accept members that work, live and serve in the DC area.
A) True
B) False
PenFed is an open charter.
Purchasing a vehicle through True Car offers a ______ interest rate.
A) Higher
B) Lower
C) Same
Lower
PenFed has partnered with TrueCar to provide members with a resource for buying cars. Encourage members to use the car buying service if members have not already selected a vehicle to buy, as members can generally receive a lower rate on their auto loan.
All new checking accounts have a _____ day monthly service fee waiver applied to the account.
A) 180
B) 30
C) 90
D) 60
90
This allows members time to change any direct deposits.
PenFed has ____________ members.
A) 2.8 million
B) 2.9 million
C) 3 million
2.9 million
What Credit Card has an annual fee?
A) Promise
B) Pathfinder
C) Protector
Pathfinder
Pathfinder cardholders can receive up to $100 credit per calendar year for qualified airline ancillary transactions (also known as incidental air travel fees) when they use their Pathfinder card.
What is the age limit to be able to open an account?
A) 3
B) 10
C) 15
D) No age limit
No age limit
There is no age requirement to become a member of PenFed, but PenFed requires that individuals age 15 or younger have a parent or legal guardian as a joint owner.
Salvaged/Rebuilt titles and Lemon Vehicles are valued at what for financing limit?
A) 45%
B) 50%
C) 55%
50%
50% of J.D. Power Values All-in
What is the monthly service fee for Access America accounts when members have no direct deposit or minimum available balance of $500.00?
A) $7.50
B) $3.00
C) $10.00
D) $5.00
$10.00
Encourage members set up direct deposit!
Who is PenFed CEO?
A) Jamie Gayton
B) James Schenck
C) Derrick Harris
James Schenck
What Credit Card has 0% Introductory APR on Purchases made during the first 15 months?
A) Silver
B) Bronze
C) Gold
Gold
Go for the Gold!!!!
PenFed's Premium Online Savings offers an APR of what?
A)2%
B) 4%
C) 3%
3%
PenFed will do a soft pull on credit through Experian for which loan applications?
A) Auto, CC
B) CC, Personal
C) Personal, Auto
D) All applications
Personal, Auto
What is the opening deposit?
A) $100.00
B) $50.00
C) $15.00
D) $25.00
$25.00
Members can fund by PenFed transfer, mailing a check or ACH transfer.
What is our 2024 North Star?
A) Decide to Win
B) Win at all costs
C) Winning is a mindset
Winning is a Mindset
On the Platinum Rewards Visa, how many points do you earn for payments for streaming services?
A) 5
B) 3
C) 1
3
3x Points
per $1 spent on grocery purchases (including most Target and Walmart locations), and payments for restaurants, television, radio, cable, and streaming services.
On a Premium Online on what transactions are funds held?
A) Any transaction
B) Checks & ACH transfers
C) Internal transfers
Checks & ACH Transfer
Checks 5 business-day hold
ACH deposits 5 business-day hold
The maximum limit per auto loan is $_______ and the combined total limit for all auto loans a members has is $_______.
A) $125,000/$300,000
B) $150,000/$250,000
C) $150,000/$300,000
$150,000/$300,000