Yes it is true however, they are not the only financial institution that pulls credit checks upon hiring.
Answered - Processor (Former Employee) - Alexandria, VA
Yes they do that
Answered - Processor/Trainer (Former Employee) - Eugene, OR
Yep. You have to have a good credit score above a certain threshold. I think the reasoning is that people with poor financial habits may be more inclined to engage in fraudulent activity (at least from the company perspective.)
Answered - IT Specialist (Current Employee) - Tysons Corner, VA
Yes the pull credit, a soft pull though. But they will make exceptions for collection accounts. I had one and I've had coworkers who have as well.
Yes. A credit report is pulled, you may not have any negative items on your report to be employed with PenFed.
Answered - Branch Service Representative (Former Employee) - Shalimar, FL