PenFed Expands Surcharge-Free ATM Availability for Members through Allpoint Network

ALEXANDRIA, Va., March 4, 2015 /PRNewswire/ -- Pentagon Federal Credit Union (PenFed) today announced the credit union has joined the Allpoint Network, which means PenFed members now have access to America's largest surcharge-free ATM network, with some 55,000 surcharge-free ATMs worldwide. 

"This is wonderful news for PenFed members. As a best-in-class financial service provider, it is important that our members have convenient and surcharge-free access to their funds," said Kevyn Myers, executive vice president and chief operating officer with PenFed.

Myers continued, "The Allpoint Network provides enhanced access to funds in more ways than one. With the recent launch of our new Access America checking, a low cost checking account that includes free online bill payment and world-class online and mobile banking, the Allpoint Network partnership allows us to expand our aggregate network of free ATMs for PenFed Access America checking members to more than 56,000 worldwide."

In addition to PenFed's branch locations and ATMs, with Allpoint Network, PenFed members will never be far away from surcharge-free ATM access to their cash, especially in the United States where Allpoint offers 43,000 cash machines in places they're already visiting as part of their daily routine. Conveniently located in destination retail outlets, including major discount retailers, convenience, grocery, and pharmacy stores, Allpoint Network ATMs save PenFed members time as well as ATM fees.

"By becoming an Allpoint Network member financial institution, in an instant PenFed grows its surcharge-free ATM footprint to more than double that of even America's largest bank," said Bill Knoll, managing director, Allpoint Network.

"People want a financial services provider that delivers the most convenient account access and management options, and that includes cash access. With Allpoint Network surcharge-free ATMs, PenFed can meet their member's cash access needs in a way that works best for them—in the conveniently located stores that are already part of their lives," said Knoll.

How to find Allpoint Network

PenFed members looking for the nearest surcharge-free Allpoint ATM—including 12,000 locations in Canada, Mexico, Puerto Rico, the United Kingdom, and Australia—can do so with their smartphone using the free Allpoint Network ATM locator app. And once at the store hosting an Allpoint ATM, look for the green Allpoint logo.

Allpoint Network resources:

• Allpoint ATM locator for Android - http://bit.ly/Android_Allpoint
• Allpoint ATM locator for iPhone/iPad - http://bit.ly/iPhone_Allpoint
• Allpoint ATM locator for Windows - http://bit.ly/Windows_Allpoint

PenFed is known for its commitment to the creation of innovative financial products and services that save money, add value, and further the financial well-being of its members. To learn more about PenFed and membership eligibility, visit PenFed.org.

About PenFed
Established in 1935 as the War Department Credit Union, PenFed is one of the largest credit unions in the country, serving 1.3 million members worldwide; with nearly $18 billion in assets.

Its long-standing mission has been to provide superior financial services in a cost effective manner, while being responsive to members' needs. PenFed offers market-leading mortgages, automobile loans, credit cards, checking, and a wide range of other financial services with its members' interests always in mind. Serving a diverse population, PenFed offers many ways to become a member; including numerous employee groups and association affiliations. PenFed is federally insured by the NCUA and is an equal housing lender. PenFed does business in accordance with the Federal Fair Housing Law, the Equal Credit Opportunity Act, and is a member of NAFCU. To learn more about PenFed, visit PenFed.org, like us on Facebook and follow @PenFed on Twitter. Interested in working for PenFed? Check out us out on Linkedin.

About Allpoint
Allpoint Network is the largest surcharge-free ATM network with more than 55,000 ATMs in leading national and regional merchant locations across the United States, Canada, Mexico, United Kingdom and Australia.  Allpoint provides greater access, convenience and savings to customers of financial institutions while providing institutions the tools to compete more effectively for customers. For more information or to find the nearest Allpoint surcharge-free ATM, please visit www.AllpointNetwork.com, like us on Facebook and follow @Allpoint on Twitter. Allpoint Network is an affiliate of Cardtronics, Inc. CATM  

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SOURCE PenFed