Pros
PenFed is a wonderful company, from the top down. Managers are supportive and knowledgeable, peers are happy to assist, and senior management listens and leads. It is a highly informed team across the board. Questions are encouraged. Work is focused on "value-add" and less on "check the box" activities.
I highly recommend PenFed to anyone looking for a rewarding career. It's a fantastic company that focuses on meaningful work and understands that importance of work-life balance.
Cons
Not a con per se, but the teams are very slim compared to other financial institutions.