PenFed Addresses Its Membership at 80th Annual Meeting

ALEXANDRIA, Va. (PRWEB) May 19, 2015

In a night filled with gratitude for the credit unions members and praise for its employees, wrapped in a patriotic theme, James Schenck, president and CEO of PenFed Credit Union reported steady growth for 2014 during PenFeds 80th annual meeting of its membership Tuesday.

An energetic Schenck bounded to the stage at the Springfield, Va., Waterford Conference Center as the chorus of Bruce Springsteens legendary anthem Born in the USA blasted over the speakers. Reflecting on his recent trip to Ireland for the Defense Credit Union Councils Overseas Conference, Schenck said, Every time I travel abroad, I really enjoy and appreciate learning about foreign cultures and history. Yetit always strikes me that no matter how modern, industrialized or civilized other nations may be, there is just no place like homethe United States of America.

Before reporting on the financial health of the credit union, Schenck made a point to reaffirm his commitment to PenFeds 1.3 million members and its 1,500 employees. I am passionately adamant that we take perfect care of our members, our institution (its safety and soundness), our employees; and that we give back to the communities that we serve, he said.

PenFed recently re-elected three of its directors: The Honorable Bruce Kasold, Colonel, USA (Ret.) Bill Siegert, and Lieutenant Colonel, USA (Ret.) Bill Vinson to new three year terms. PenFed is governed by a 13 person, volunteer board of directors who bring a wide range of experience and leadership to the credit union.

Schenck s financial report illustrated the role that steady growth plays in maintaining the safety and soundness of PenFed, while giving it the ability to offer market-leading products to its members and provide professional development for its employees.

When I was appointed to serve as your president and CEO last year, PenFed was primed and prepared for sustainable growth. In 2014, we grew at a rate of nearly 10%, and saw earnings of nearly $ 138 million, up from $ 116 million the year before. Our capital position increased from 9.99% to 10.24%. Im proud to report that your credit union is well capitalized and has received the highest ratings for safety and soundness from our regulators, said Schenck.

Schenck ended his remarks to Lee Greenwood’s “Proud to be an American, and thunderous applause from more than 450 people.

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 us out on Linkedin.







Asian Day Briefing: Dow Tumbles 350 Points as Greek Crisis Worsens

Asian Morning Briefing: Dow Tumbles 350 Points as Greek Crisis Worsens
Standard & Poor's reviews providers downgraded Greece's credit ratings further into junk territory, while speculating the likelihood the country will leave the eurozone is approximately 50per cent. Anxiety over Greece features triggered wide swings in international …
Read more on Wall Street Journal

Outlawed By The States, Payday Lenders Simply Take Refuge On Reservations
Like believe money before it, Plain Green tends to make little, short term, high-interest loans to people everywhere who possess no other source of credit. Even though the company is nominally had because of the Chippewa Cree, the tribe has actually small real involvement …
Find out more on Huffington Post

Personal Loans For Bad Credit: Poor Fiscal Standing No More A Problem

Is your financial standing making you worried and ashamed? Are you tagged with bad creditor? Do you need cash to clear your debts? So do not worry and no need to be ashamed of for your financial status. Making an appeal for personal loans for bad credit can help you to come out of your troubles. Theses finances are of great help to the people suffering from bad financial standing. These credits are offered for a longer duration along with sufficient amount. These finances are free from credit check for the borrowers fiscal status.

These finances are obtainable to the citizens in secured form and in unsecured form. The borrower therefore has a selection to make between the two forms of loan available. If the applicant suffers form poor fiscal reputation can apply for unsecured form where there is no need to give any property in the form of security.

The sum in unsecured form is 1000-25000 and the time interval for returning the amount is between 1-10 years. In secured form the sum available will be little extra as it is accessible by taking some asset as a security. The amount ranges form 500-100,000, while the reimbursement era differs between 1-25 years.

The funds are valid to a individual with UK nationality and must be able to take proper decision and for this he must be above 18 years. The borrower has to keep in mind that these funds are marked with high interest rate. The borrower if not repaid on time will have to pay penalty charge.

The applicant has to fill the application form offered online and submit to the lender. After the lender verifies the details and finds them correct, the borrower gets access to the funds. But the borrower should have his bank account, because as the lender sanctions the loans the funds are transferred to the borrowers account.

Tom Dikkinis an expert financial analyst and has been offering his valuable advice for quite sometime now.For more information related to personal loans for bad credit, bad credit personal loans, very bad credit personal loans and personal loans with bad credit please visit http://www.verybadcreditloans.co.uk/.

Find More Personal Long Term Loans Poor Credit Articles

Short Term Loans ? For All Types of Your Preferences Financial Loans

In old times it was extremely hard to obtain short term installment loans. During those days if individuals needed money for tiny functions they had no other alternative in front of them rather than borrowing through long term financial loans or otherwise some may choose borrowing from their particular almost ones. It had been very difficult to deal up some small immediate costs during olden days. In such circumstances individuals accustomed borrow from their near and dear ones because the loan providers would not provided any short term finances to people. Looking at this situation loan provider changed their means of lending cash. Today you obtain loans for short period aswell. One need not be worried about their moment costs.

For these types of requirements loan providers have actually developed Short term loans. As because of the title it generates it obvious why these are small tenure resources made available from the amount of money loan providers. These finances can be found in a tremendously tiny number of figure. But this scheme holds sufficient money for satisfying the domestic needs or desires. This advance is supplied to the people without checking any credit ranking of applicant. Financial character will not matter while obtaining the resources. You were in addition free of giving any possessions in the shape of security against the profits.

This advance carries very heavy sum of interest. Its so because lender will not ask for any financial proof being sound and as a consequence a poor creditor might also get to be the debtor within scheme. To become shielded against these types of clients the lending company charges hefty cost. But this does not matter a great deal because prices are now reasonable as compared to various other financial loans. Each person are able to afford to cover this rate. One gets a month’s time for using the amount. The borrower cannot surpass the repayment period if he requires some further time he’s got to help make a request to the loan provider stating the explanation for belated reimbursement.

The lending company provides you with the additional duration but in addition requires one to pay heavy penalty sum. So it will be recommended that don’t make belated payment. The entire process of application is carried out through online. One has to your investment report paperwork and must apply through on line. After surrendering your web request form the lending company verifies it and only afterwards offers endorsement towards money. The debtor has got to withdraw the sum from his banking account as cash after endorsement gets transferred inside the bank.

Ashley P Lewis is a debt consolidator and advisor and contains already been dealing with numerous finance programs. If you’d like to know more about short term loans, short term signature loans, short term loans british and short term loans bad credit . you can visit http://www.loansx.co.uk/.

Related Short Term Financial Loans Bad Credit Articles

Pennsylvania Man Charged With Racketeering Related To Massive Payday

Pennsylvania Man Charged With Racketeering Related To Massive Payday
Philly.com reports that the 58-year-old man was charged with racketeering, conspiracy, and mail fraud for his part as the alleged mastermind of a payday lending operation that made short-term loans in all 50 states, many times in violation of usury …
Read more on The Consumerist

Montco man charged with racketeering conspiracy in operating payday loan
A Montgomery County man was charged with participating in a racketeering conspiracy for the operation of a payday lending business that allegedly violated the usury laws of Pennsylvania and other states, federal prosecutors in Philadelphia said.
Read more on Philadelphia Business Journal

Tips break out of debt prison

How to use of debt prison
Drowning in bad credit with a very cheap credit score of 540 points, Saliens and his spouse Ash stated they couldn't qualify for financial loans, have approved for bank cards or get a residence. Saliens even lost out on a high-paying job after he accepted the career …
Find out more on WKMG Orlando

Principles threaten payday financial loans for low-income consumers
A 2015 study from George Washington University company Professor Howard Beales examined over a million small-dollar installment loans, including payday advances, in 16 says. The research discovered those that borrow over and over repeatedly tend to be more … Perhaps removing one …
Find out more on The Detroit News

Canadians Extend Their Borrowing Binge
Based on the credit company Equifax, Canadian consumer debt rose 6.9percent 12 months over year during first quarter, to CAD1.5 trillion. The key motorists during the quarter were installment loans and auto loans, of up 7.6percent and 4.2per cent, respectively …
Find out more on Investing Every Day

LoanNow Expands Accountable, Inexpensive Lending to Utah
"It ‘s almost impossible for people with woeful credit histories to locate affordable financial loans in says with loosened financing laws," said LoanNow co-founder and CEO Harry Langenberg. "LoanNow is dedicated to pinpointing consumers that may outperform …
Read more on Digital Journal

Advanta IRA Administration Hosts Webinar: Be the Bank in Private Lending Investments Using a Self-Directed IRA


Atlanta, Georgia (PRWEB) June 08, 2015

Advanta IRA Administration is a self-directed retirement plan custodian that serves clients across the nation. Self-directed IRAs and similar plans give account owners complete control over their own investment funds and choices. A growing number of individuals use these plans to acquire many alternative investments such as real estate, precious metals, oil, gas, and timber options, foreign exchange and futures trading, private lending, and much more.

The June 16 webinar will cover private lending investments in great detail. These transactions allow self-directed plans to perform the same actions a bank or other lending institution does in extending loans for mortgages, trust deeds, secured and unsecured notes, and even for things such as judgments and structured settlements.

In private lending transactions, account owners determine the terms of the loan made by their plans, says Jack Callahan, managing partner of the retirement firm in Georgia as well as of Advanta IRA Services in Florida.

Additionally, the account holder fully vets and chooses the loan recipient, decides the terms, and has the option to provide a secured or unsecured loan. Profit from private lending is largely gained through earnings on interest rates and this income flows directly into a self-directed IRA on a tax-free or tax-deferred basis, says Callahan.

Investors of all levels are invited and encouraged to attend this complimentary webinar on June 16 from 12:00 1:00 pm.

Topics attendees learn about include:

Benefits and risks of private lending
Types of loans Advanta IRA has seen clients invest in
Disqualified persons and prohibited transactions
How an IRA can actually be the borrower on a transaction and non-recourse loans
To register and receive login information, contact Larissa Greene by 5:00 pm on June 15 by emailing lgreene(at)advantairagroup(dot)com or calling (800) 416-8736, ext. 1140.

About Advanta IRA

Advanta IRA Services, located in Largo, Florida, has been in operation for over ten years, providing administrative service to owners of self-directed IRAs across the nation. Advanta IRA Administration offers a second location in the Atlanta, Georgia area. Both offices are managed by Jack Callahan, J.D., CFP. Advanta IRA offers classes, seminars and other educational tools designed to assist clients in managing self-directed IRAs by investing in real estate, notes, private placements and other non-traditional assets that have the potential to maximize IRA earnings on a tax-free or tax-deferred basis.

About Jack Callahan

Jack M. Callahan, J.D., CFP, is the managing partner at Advanta IRA Services in Largo, FL and Advanta IRA Administration in Atlanta, GA. Jack established the corporate office, Advanta IRA Services, in 2003. Prior to that, Jack delivered specialized counsel to real estate investors, small business owners and real estate professionals on tax, legal and financial matters. As an industry expert, Jack is a frequent speaker on the topic of self-directed retirement plans and an accredited continuing education instructor for the Florida and Georgia Bar Associations, Florida and Georgia Real Estate Commissions, and The American Institute of Certified Public Accountants. He earned his bachelor of science degree in finance and multinational business from Florida State University and his law degree from the University of Florida College of Law.







Ideal Credit fix organizations of 2014 are Ranked


L . A ., CA (PRWEB) December 11, 2014

Top 5 Credit fix Companies, a site that can help those who want to enhance their credit history by featuring helpful and thorough reviews of five of the best credit restoration companies, recently completed ranking the very best companies for 2014.

The creators regarding the Top 5 Credit fix businesses blog undoubtedly comprehend the amount of a low FICO score can adversely influence peoples everyday lives. They too when had dismal credit ratings, and worked with credit restoration solutions to try to make them better. While they learned the hard method, not every one of the firms are manufactured similarly, many are a lot much better at repairing a reduced credit history.

We’ve been in the same circumstance and want to be sure that you study from our errors, noted the creators.

Recently, after studying countless buyer reviews in addition to conducting thorough study on five of the very most reputable credit repair organizations in the nation and with who we now have an advertising commitment, the founders have known as Lexington Law whilst the top credit repair business. The organization has assisted over thousands of customers since 2004, it really is rated using the bbb, and it features a sophisticated and technologically-advanced internet based individual platform enabling clients to effortlessly monitor their progress.

As articles on top 5 Credit fix organizations site entitled How exactly does Bad Credit Affect me personally describes, consumers will definitely reap the benefits of working together with a top credit fix organization like Lexington Law. Credit scores determine a lot more than a persons loan worthinessthey may used to see if a person qualifies for an insurance policy, just what interest rate he or she will probably pay on that loan, and just what the loan term would be.

Typically you must take-out a loan to be able to buy a vehicle, a house, and on occasion even devices such as for example a television, the article explained, incorporating that the rate of those lots is dependent upon the individuals credit score.

For those who have a great credit score, then you will have a greater chance of having much better loan terms and reduced interest levels. When you yourself have bad credit, after that these loan lenders is supposed to be less likely to want to trust you and succeed harder to take out financing.

Besides the in-depth reviews for the top credit repair companies, the utmost effective 5 Credit fix Companies site features other helpful articles that can help men and women discover all they can about improving their FICO score, plus relevant topics. For instance, one article this is certainly getting many attention recently from readers describes what identify theft is and exactly how folks can prevent it from occurring in their mind.

Anyone who want to learn more about Top 5 Credit Repair Companies is thank you for visiting visit the website in which they may be able read the helpful reviews.

About Top 5 Credit Repair Organizations:

Top 5 Credit Repair businesses is a web page which dedicated to helping people boost their credit score. Your website features detailed and helpful reviews of five for the top credit fix companies. In addition to the information regarding each credit repair company, the site also contains numerous buyer reviews. To find out more, kindly visit http://top-5-credit-repair-companies.com/







Latest Personal Loans For Fair Credit News

National group seeks to ban credit history from affecting auto insurance premiums
You sit down with your car dealer's financing guy and you're told the interest rate of your auto loan is affected by your credit score. You're not surprised. … According to the Maine Department of Professional and Financial Regulation, "many personal …
Read more on Lewiston Sun Journal

Our Universities: The Outrageous Reality
The HEA included a provision by which government would pay the interest while students are still in school, then split the payments after graduation—the first step toward what has grown into a complex system of government-guaranteed private loans …
Read more on The New York Review of Books

Who Can See My Credit Score or Credit Report?
Credit history is a major factor in determining (a) whether to give you a loan or credit card, and (b) the terms of that loan or credit card. The better your credit, the … When you apply for private loans — those not issued by the federal government …
Read more on NerdWallet (blog)

More auto title lenders are snagging unwary borrowers in cycle of debt

More auto title lenders are snagging unwary borrowers in cycle of debt
Cash-strapped consumers are being shown a new place to find money: their driveways. Short-term lenders, seeking a detour around newly toughened restrictions on payday and other small loans, are pushing Americans to borrow more money than they often …
Read more on Post-Bulletin

Infrastructure Bank and PAB Bill Introduced in Senate
Mark Warner, D-Va., has introduced legislation to create a national infrastructure bank that could provide direct loans and loan guarantees to help finance infrastructure projects of regional or national significance. … "At a time when Congress has …
Read more on Bond Buyer

Are Obamacare's 22 Health Insurance Co-ops Near Financial Collapse?
Albright's comments underscore the financial dilemma facing all the co-ops. Unlike traditional insurance companies, Obamacare from the start restricted the co-ops from regular access to conventional credit markets. They cannot obtain short-term bridge …
Read more on American Spectator (blog)