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PenFed auto originations jump 88%

Credit union offering auto rates as low as 3.99% APR

Amanda Harris

PenFed Credit Union’s auto originations rose through the first quarter as the financier improved its capital and liquidity position.  The lender’s auto loan originations rose 88% year over year through Q1 to $595.1 million, “reflecting strong member demand and competitive pricing,” according to an April 30 company release.   PenFed is offering auto loan rates for new vehicles as low as 3.99% APR for vehicles purchased through its car […]

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