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"At PenFed we measure success by how many people we’ve helped. In 2020, PenFed helped more than 2.1 million members do better financially,” said PenFed President & CEO James Schenck.
PenFed Credit Union Donates $25,000 to Wreaths Across America to Remember Fallen Veterans and Commemorate Their Sacrifices
TYSONS, Va., May 18, 2020 – PenFed Credit Union, the nation’s second largest federal credit union, today announced the welcoming of its 2 millionth member. PenFed is celebrating all 2 million members by donating over $2 million in 2020 to charities supporting the communities it serves and to the PenFed Foundation supporting military families. “PenFed is proud to celebrate the major milestone of serving 2 million members,” said James Schenck, PenFed Credit Union President/CEO and PenFed Foundation CEO. “This milestone is made possible by the 2700 dedicated financial professionals at PenFed who serve our members every day. PenFed is owned by 2 million Americans from all walks of life across the United States, and our mission is to empower the members of our community to achieve their financial well-being. That’s why in addition to delivering great rates for everyone, PenFed is donating $2 million to support the communities in which our members live and work. This truly represents the credit union mission of people helping people.”
PenFed is continuing to hire and train exceptional individuals to help us serve our 1.8 million members both here and around the world. In light of the current situation with novel coronavirus (COVID-19), we have modified our hiring, onboarding, training, and deployment protocols in order to comply with current local and state guidance around social distancing. PenFed is committed to the safety of our teammates around the globe. If you have any questions or concerns, please reach out to us for more information.
Welcome to our team, Brigadier General (retired) Terry Wiliams!
The PenFed Foundation joined community and business leaders to raise a record $803,000 to support veterans and the military community at the 16th annual Military Heroes Golf Classic on Monday, September 30th. The PenFed Foundation supports more than 35,000 service members, veterans, their families and support networks annually providing the skills and resources they need to improve their lives through programs on financial education, home ownership, short-term assistance, and veteran entrepreneurial assistance. The PenFed Foundation is affiliated with PenFed Credit Union, the nation's second-largest federal credit union with $25 billion in assets and 1.7 million members.
PenFed is honored to receive the 2019 NVTC Foundation Veteran Employment Initiative Veteran Service Award, which recognizes a NVTC member company that has gone the extra mile to both hire and support military Veterans and their families.
OMAHA, Neb., Oct. 3, 2019 –PenFed Credit Union, the nation’s second-largest federal credit union, today announced its support of the 2019 Komen Nebraska MORE THAN PINK Walk™—the region’s largest fundraising event for breast cancer hosted by Susan G. Komen Great Plains. PenFed President and CEO James Schenck and PenFed Nebraska employees, alongside their families and friends, will participate as a walking team on event day. “As an organization committed to the credit union ethos of ‘People Helping People,’ we are honored to support Komen Great Plains’ mission to end breast cancer,” said PenFed Senior Vice President of the Regional Service Center in Omaha Amy McGillan. “Our employees vote on where to spend our quarterly donations, and this cause is close to many of us – including the five survivors that will be participating in this walk.”
TYSONS, Va., Sept. 30, 2019 –PenFed Credit Union, the nation’s second-largest federal credit union, hosted a military employment networking roundtable bringing together military employment leaders to share military hiring challenges and discuss solutions. “Most Americans thank our nation’s military and veterans for their service – but not all Americans appreciate the value of veterans and military spouses in the workplace,” said former U.S. Army aviator James Schenck, President and CEO of PenFed Credit Union and CEO of the PenFed Foundation. “The best way to thank them for their service is to create jobs.”
Established in 1935, Pentagon Federal Credit Union (PenFed) is America's second-largest federal credit union, serving 1.8 million members worldwide with $24.5 billion in assets. PenFed Credit Union offers market-leading certificates, checking, credit cards, personal loans, mortgages, auto loans, student loans, and a wide range of other financial services with members' interests always in mind. PenFed Credit Union is federally insured by the NCUA and is an Equal Housing Lender. To learn more about PenFed Credit Union, visit http://glassdoor.com/slink.htm?key=vMYfB, like us on Facebook and follow us @PenFed on Twitter. Interested in working for PenFed? Check us out on LinkedIn. We are proud to be an Equal Employment Opportunity Employer.
