Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 11-27-2010, 11:21 AM   #81
Thinks s/he gets paid by the post
Join Date: Jan 2006
Posts: 2,504

I also am glad this situation had a relatively quick and painless conclusion for you. I would suggest however that this should not be the ending and that you should leverage your power now to request/demand(nicely) via a supervisor that PenFed send you a corrective action report detailing what went wrong and what they propose to fix the problem so that it does not happen in the future. Usually what happens is that they will "fix" the current problem and then either due to not caring, corporate culture, or the press of other crises carry on business as usual...........which usually means it will happen again, maybe even to you. On rare occasions though, you may actually find a willing and caring ally who will implement a more permanent fix and actually improve matters. All too rare, unfortunately, but it does happen.

You mentioned specifically that this should have not happened bc you still had a CD w/ them. There should be some specific discussion in their report of what happened and how to correct that. btw....your admission of some culpability in not recognizing the city error and 1099INT omission was quite refreshing and will help others.

kaneohe is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 11-27-2010, 12:49 PM   #82
Recycles dryer sheets
Join Date: Dec 2006
Posts: 423
Originally Posted by Curly View Post
However, I'm curious about PenFed's treatment of your funds during a time when they thought you had an inactive account. What credit union bucket did they put the money in if it wasn't in your account and it wasn't sent to the State?
Probably a GL account in preparation of ACH transfer to the state.

I'm curious if they escheated other member accounts in the same situation. This seems like a major screw up on a yearly process.

JohnDoe is offline   Reply With Quote
Old 11-27-2010, 02:38 PM   #83
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
clifp's Avatar
Join Date: Oct 2006
Posts: 7,427
My faith in PenFed is pretty much restored.

clifp is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Penfed CC Gearhead Jim FIRE and Money 13 05-21-2010 07:28 AM
If true, this should make you upset whitestick Health and Early Retirement 9 06-26-2007 08:20 AM
PenFed qbkatran FIRE and Money 1 01-01-2006 10:17 PM
Upset about bills--What about Vonage? education Other topics 3 11-25-2005 01:50 PM


All times are GMT -6. The time now is 04:31 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.