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PENFED Credit Union

Engaged Employer

PENFED Credit Union reviews

3.3

58% would recommend to a friend

(1,038 total reviews)
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James Schenck

58% approve of CEO

51% positive business outlook

PENFED Credit Union has an employee rating of 3.3 out of 5 stars, based on 1,038 company reviews on Glassdoor which indicates that most employees have a good working experience there. The PENFED Credit Union employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

1K reviews
5.0
Dec 5, 2024
Recommend
CEO approval
Business Outlook

Pros

Company is adaptable in business strategy while remaining consistent in core values This typically translates to employee experience

Cons

Affected heavily by economy ups and downs

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PENFED Credit Union Response
1y
Thanks so much for taking the time to leave us a review, it is much appreciated.
1.0
Dec 2, 2024

Sinking ship

Recommend
CEO approval
Business Outlook

Pros

It’s a job. Haven’t been laid off .

Cons

If you enjoy working somewhere that functions like a start up then this is your place. Roles that you interact with daily have no basic concept of how to do their job or they’re just lazy or my guess is there’s no accountability . There are resources that have answers to most questions but for as long as I have been here day in and day out you get tenured people asking the most basic questions of guidelines or procedures. If you want to move up don’t work here there’s no career progression. There’s no way to move up or move laterally to a different area . There are people given senior underwriter titles that were just GIVEN the titles . No one can tell you what a senior is or what they do. Everyone across the board gets the same type of loans, complexity , amount of work ect. The favoritism here is just grossly apparent . HR desperately needs to investigate how some of these managers operate . Don’t bother trying to shine if you’re not a favorite then forget getting picked for anything or promoted . The response to equalism is stating they use a randomizer to select who gets the opportunity to cross train. They have people underwriting Spanish files who don’t speak any Spanish but processors who are fluent who do not translate documents or their notes . There have been multiple layoffs most are not announced . There’s been about a handful the last couple years . Those who live near a center are being forced to go back to office while some are completely remote . Pick a lane . Teams cannot function with some in office some not and those of us who are , aren’t in the same teams or aligned with each other . The whole department is a mess .

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PENFED Credit Union Response
1y
We appreciate your transparency. Thank you for taking the time to leave a detailed comment.
1.0
Nov 30, 2024
Recommend
CEO approval
Business Outlook

Pros

Good people and help veterans

Cons

Poor management, overworked, underpaid and poor training

avatar
PENFED Credit Union Response
1y
Thanks so much for taking the time to leave us a review, it is much appreciated.
Viewing 109 - 111 of 1,038 Reviews

Glassdoor has 1,141 PENFED Credit Union reviews submitted anonymously by PENFED Credit Union employees. Read employee reviews and ratings on Glassdoor to decide if PENFED Credit Union is right for you.