ALEXANDRIA, VA, Jan 02 (MARKET WIRE) --
Military Officers Association of America (MOAA) announced today that Pentagon
Federal Credit Union became its preferred financial services provider on Jan.
1, 2008.
The new alliance joins two 70-plus year-old organizations whose goals
benefit
military service men and women worldwide.
"We're very excited," stated Frank Pollack, president and CEO of Pentagon
Federal
Credit Union. "Both Pentagon Federal and MOAA will benefit by increasing
the membership rolls of both organizations. It's a win-win situation for all
who
can take advantage of it."
Pentagon Federal now serves members of the Army, Air Force, and Coast Guard.
Pentagon Federal now also can serve any MOAA member, including members who are
in
the Navy and Marine Corps.
Pollack continued, "When a MOAA member joins Pentagon Federal, he or she
will
be able to apply for any of Pentagon Federal's nationally exceptional financial
products." For example, members can get a new VISA Platinum Cash Rewards
card, featuring 5 percent cash back on gas paid at the pump, 2 percent cash
back on supermarket purchases, and 1.25 percent cash back on all other
purchases -- all paid to the account monthly. Pentagon Federal also offers
several new card designs with the MOAA name on them. MOAA members are also
eligible for a special high-yield Pentagon Federal Money Market Savings Account.
According to VADM Norb Ryan, Jr., USN-Ret., MOAA's president, "We view our
new association with Pentagon Federal as a way to offer more to our
367,000members from a financial organization that has provided decades of
leadership and service to military people."
According to MOAA and Pentagon Federal officials, the goal is to have
everyMOAA member benefit from Pentagon Federal, while cross-promoting the
benefits
of MOAA membership to eligible Pentagon Federal Members.
MOAA membership provides officers and warrant officers of all services
educational
assistance, employment and career transition help, travel discounts, insurance
services, and a strong legislative voice, among other benefits.
Ryan concluded, "With Pentagon Federal filling the role of preferred
financial
provider, MOAA membership becomes a more valuable resource to military
officers and their families worldwide than ever before."
Pentagon Federal Credit Union, has more than 764,000 members and assets in
excess of $10.4 billion, and provides worldwide service to Army, Air
Force,Coast Guard, Department of Defense, and Department of Homeland Security
personnel;
members of the VFW; and others in the defense community and their families.
Pentagon Federal Credit Union members can access their accounts 24/7 via the
Internet at PenFed.org and by phone, or at one of the credit union's branches
in Northern Virginia, New York, the District of Columbia, North Carolina,
Texas, Colorado, Hawaii, Puerto Rico, Europe, Turkey, and the Pacific.
Contact:
Ben Scandlen
Pentagon Federal Credit Union
703-838-1350
Copyright 2008, Market Wire, All rights reserved.
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