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

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

The 4.99% rate is available to Pentagon Federal Credit Union members whoapply online via www.penfed.org for a fixed equity loan with terms up to120 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 issubject to change.

We do business in accordance with the Federal Fair Housing Law and theEqual Credit Opportunity Act. Rate depends on term length, Fair MarketValue (FMV), Loan-to-Value (LTV), and owner occupancy. Higher rates applyfor loans over 80% LTV. Maximum 80% FMV in Texas. Borrower pays cost ofappraisal if needed to determine FMV. Property insurance is required.Rate applies to online applications only. Otherwise, the applicable APR is5.24% for 61 to 120 months. Other terms and conditions may apply -- call1-800-247-5626 or visit www.penfed.org/equity for details.

Pentagon Federal Credit Union, established in 1935, has more than 764,000members and assets in excess of $10.4 billion, and provides worldwideservice to Army, Air Force, Coast Guard, Department of Defense, andDepartment of Homeland Security personnel; members of the VFW; and othersin the defense community and their families. For more information aboutPentagon Federal Credit Union, or to learn more about membership, visitwww.penfed.org.

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