Pentagon Federal Credit Union Offers Equity Loans at 4.99% APR

Market Wire, April, 2008

Pentagon Federal Credit Union members now have the opportunity to obtain a home equity loan at an unbelievable rate -- just 4.99% APR!

On April 10, 2008, Bankrate.com reported a national average equity loan rate of 7.64% APR for a $30,000 loan. Pentagon Federal Credit Union's rate of 4.99% APR for 120 months would save over $4,800 over the life of the loan on a $30,000 loan.

"This is a great time for members to consider tapping into their home equity to pay down higher-rate debt or to finance home repairs or upgrades," said Rod Raszler, Vice President of Mortgage Operations for Pentagon Federal Credit Union. "With rates this low, this is also a fantastic opportunity to refinance an existing home equity loan."

The 4.99% rate is available to Pentagon Federal Credit Union members who apply online via www.penfed.org for a fixed equity loan with terms up to 120 months.

Loan Example: $30,000 at 4.99% APR; 120 monthly payments of approximately $318 each. Rate current as of April 5, 2008 unless otherwise noted and is subject to change.

We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. Rate depends on term length, Fair Market Value (FMV), Loan-to-Value (LTV), and owner occupancy. Higher rates apply for loans over 80% LTV. Maximum 80% FMV in Texas. Borrower pays cost of appraisal if needed to determine FMV. Property insurance is required. Rate applies to online applications only. Otherwise, the applicable APR is 5.24% for 61 to 120 months. Other terms and conditions may apply -- call 1-800-247-5626 or visit www.penfed.org/equity for details.

Pentagon Federal Credit Union, established in 1935, 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. For more information about Pentagon Federal Credit Union, or to learn more about membership, visit www.penfed.org .

For more information about this topic or to schedule an interview with Rod Raszler, please call Teresa Kovarik at (541) 345-6311 x7305 or e-mail teresa.kovarik@penfed.org .

Contact: Teresa Kovarik Tel. 541.345.6311 x7305 Email: Email Contact