PenFed Credit Union to Give Away $20,000 Toward a PenFed Auto Loan

Sweepstakes Application Window is Dec. 1, 2020 - Jan. 31, 2021

News provided by

Dec 01, 2020, 10:57 ET

TYSONS, Va., Dec. 1, 2020 /PRNewswire/ -- PenFed Credit Union, the nation's second largest federal credit union, today announced the opening of a sweepstakes for $20,000 toward a PenFed auto loan. The sweepstakes application window is Dec. 1, 2020 through Jan. 31, 2021.

"In addition to providing competitive new and used auto loan options, PenFed is proud to offer car buyers the opportunity to win $20,000 during this holiday season," said PenFed Chief Marketing Officer Gaurav Bhatia. "As a member-owned credit union, the financial wellbeing of our members is our top priority. During a year filled with many challenges, we couldn't be more pleased to offer the opportunity for one of our members to enjoy the satisfaction of paying off their car loan for free."

All those who are approved for a PenFed auto loan during the giveaway window will be entered to win automatically. Others who wish to enter are encouraged to visit the PenFed $20K Giveaway web page in order to apply.

PenFed will be advertising this giveaway with a social media campaign throughout the duration of the sweepstakes.

PenFed auto loan rates are as low as* 1.39% Annual Percentage Rate with the PenFed car buying service for qualified members.

Rates and offers current as of November 30, 2020 and are subject to change.
*Your actual APR will be determined at the time of disbursement and will be based on your application and credit information. Rates quoted assume excellent borrower credit history. Not all applicants will qualify for the lowest rate. The rate you receive on your loan will be the rate in effect at the time of loan disbursal.

About PenFed Credit Union
Established in 1935, Pentagon Federal Credit Union (PenFed) is America's second-largest federal credit union, serving over 2.1 million members worldwide with over $26 billion in assets. PenFed Credit Union offers market-leading certificates, checking, credit cards, personal loans, mortgages, auto loans, student loans, and a wide range of other financial services. Our mission is to empower members of our community to achieve their financial well-being. PenFed Credit Union is federally insured by the NCUA and is an Equal Housing Lender. To learn more about PenFed Credit Union, visit PenFed.org, like us on Facebook and follow us @PenFed on Twitter. Interested in working for PenFed? Check us out on LinkedIn. We are proud to be an Equal Employment Opportunity Employer.

SOURCE PenFed Credit Union