Valor Credit Union (formerly Tobyhanna Credit Union) have announced that they will be merging/been acquired by Pentagon Federal Credit Union (“PenFed”). The reason that this might be interesting to some people is that PenFed has strict eligibility requirements. Valor is much easier to join, being a member of American Consumer Council makes you eligible for example (and you can join for free). Keep in mind you need to go into a physical Valor branch to join and we aren’t sure if it’s a hard/soft pull (most likely hard pull due to TobyHanna being a hard pull for opening checking)
PenFed have a number of products that people might be interested in. I imagine people should be able to sign up with Valor and then that membership will be converted to PenFed making people eligible for PenFed products. I know some people had issues with me posting a work around for Navy Federal, but in this case why would PenFed bother acquiring Valor if they wanted to keep membership so restricted?
