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As a full-service financial institution, PenFed offers market leading mortgages, credit cards, checking, and a wide range of other accounts with members' interests always in mind. A popular savings plan is the Coverdell Education Savings Certificate to help you plan for qualified elementary and secondary education as well as college education expenses with tax-free earnings. PenFed also provides loan product options for your home equity, education, personal and vehicle loans. Additional member benefits include advice and financial education centers as well as discounts on certain home, auto, retail, personal, and finance-related products and services.