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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
1.0
Jul 30, 2024
Recommend
CEO approval
Business Outlook

Pros

Option to work remotely and 37.50 work week

Cons

Most of leadership hopped over to Penfed from USAA. Hard to discern what is actually Penfed values/culture. The only time we hear from Underwriting leadership is during virtual town halls and layoffs. Underwriting leadership (Directors and Head of UW) is a complete catastrophe and requires a complete overhaul. Get rid of them all and start fresh. Outdated technology, horrible piecemeal training, extremely poor leadership, left doesn't know what right is doing, Penfed Mortgage Ops is unstable and won't be around much longer. Do yourself a favor and don't work for Penfed.

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PENFED Credit Union Response
1y
We appreciate your transparency. Thank you for taking the time to leave a detailed comment.
2.0
Jul 26, 2024
Recommend
CEO approval
Business Outlook

Pros

Decent pay Good benefits Decent bonuses

Cons

No training Poor business decisions No support Managers are not allowed to be a part of making any decision that involves their Financial Centers. Poor technology

2.0
Jul 23, 2024

Layoffs all around

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Work/life balance, 37.5 hrs work week

Cons

mass layoffs, slow moving company.

Viewing 142 - 144 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.