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PenFed Media Relations representatives are available exclusively for members of the media. For all media inquiries, please email MediaRelations@PenFed.org

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2019 Annual Report (PDF)

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Featured news release

PenFed Credit Union Celebrates 2 Million Members with Pledge to Give $2 Million to Support Communities

PenFed will provide over $2 million directly to charities and through the PenFed Foundation in 2020

News release Archive

The Washington Justice Partners with PenFed Credit Union for the 2020 Season and to Present its Inaugural Homestand Weekend on February 22-23

PenFed Promotes William Heyer to Senior Vice President, Deputy General Counsel

PenFed Credit Union Rolls Out "Better Together" Integrated Marketing Campaign

PenFed Credit Union Presents $23,000 Donation to United Way of Lane County

PenFed Credit Union Expands Investment Services to More Than 200,000 Members in Puerto Rico Through CUNA Brokerage Services, Inc.

PenFed Credit Union Receives Northern Virginia Technology Council Foundation’s Veterans Employment Initiative Veteran Service Award

PenFed Credit Union Expands Investment Services to More Than 200,000 Members in Puerto Rico Through CUNA Brokerage Services, Inc.

PenFed Receives 2019 Sarpy County People’s Choice Award in Credit Union Category

PenFed Credit Union Joins Wreaths Across America and The Tommy Show to Lay Wreaths Commemorating Veterans

PenFed Credit Union Named 2020 ‘Military Spouse Friendly® Employer’ by VIQTORY Media

PenFed CEO James Schenck Signs National Pledge to Prioritize Mental Health and Emotional Wellbeing in the Workplace

PenFed CEO James Schenck Honored by Habitat for Humanity for Supporting DC Families

PenFed Credit Union Presents $5,000 Donation to St. Vincent de Paul of Lane County

PenFed CEO James Schenck Honored at National Military Family Association Gala for Supporting Military Families

PenFed Credit Union Named a ‘Top 50 Best Company for Latinas to Work’ By LATINA Style Inc.

PenFed Credit Union Presents $5,000 Donation to Eugene Mission

PenFed Credit Union Sponsors Inaugural San Antonio Veterans in Business Awards

PenFed Credit Union Presents $4,000 Donation to White Bird Clinic

PenFed Credit Union Presents $4,000 Donation to White Bird Clinic

PenFed Credit Union Announces Support of the 2019 Komen Nebraska MORE THAN PINK™ Walk Through a Sponsorship and Employee Fundraising

PenFed Foundation Raises a Record $803,000 for Veterans and Military Community at 16th Annual Military Heroes Golf Classic

PenFed Credit Union Hosts First Military Employment Networking Roundtable

PenFed Credit Union Named AMVETS ‘Veteran Friendly Employer of the Year’

PenFed Credit Union Supports Eugene Shelter Animal Resource Alliance with $6,000 Donation

PenFed’s Canine Companions Puppy Helps Throw First Pitch Celebrating ‘PenFed Day’ at Nationals Park

PenFed Credit Union Sponsors Inaugural Atlanta Veterans in Business Awards

PenFed Credit Union Honors 9/11 Heroes with Commemorative Flag and Moment of Silence

PenFed Credit Union and PenFed Foundation Hit it Out of the Park at Washington Nationals Game with $250,000 Donation to National Military Family Association

PenFed Credit Union Summer Intern Program Named ‘Top 100 Internship Program of 2019’ by WayUp

PenFed Credit Union Named ‘Top Ten Military Friendly® Employer’ by VIQTORY Media

PenFed Welcomes Fourth Assistance Dog in Training in Continuing Partnership with Canine Companions for Independence

PenFed Credit Union Mortgage Survey Reveals Personal Finances, Job Stability, and Low Interest Rates are the Three Greatest Influences on New Home Purchases

PenFed Foundation Announces Former Secretary of Air Force Deborah James as New Board of Directors Chairwoman

PenFed Foundation Raises Over $35,000 at Greater Omaha Military Heroes Golf Classic

PenFed Credit Union Gives $27,500 to Eugene Charities

PenFed President CEO James Schenck Awarded for Dedicated Support of Veterans and Individuals with Disabilities by Canine Companions for Independence

PenFed President and CEO James Schenck Named to El Tiempo Latino’s Powermeter 100 List

PenFed President and CEO James Schenck to be Honored by Canine Companions for Independence for Commitment to Serving Veterans

PenFed Credit Union Sponsors Inaugural Veterans In Business Awards

PenFed Credit Union Opens New Fort Gordon Financial Center

PenFed Reports Record Capital Growth and Community Contributions at 84th Annual Meeting

PenFed Foundation Raises $1.6 Million to Support Veterans, Military Members and Their Families

PenFed Credit Union Named ‘Best for Vets’ Employer 2019 by Military Times

PenFed Credit Union Partners with Salesforce as Strategic Technology Platform for Best-In-Class Digital Banking

Retired Four-Star General John W. Nicholson, Jr. Named PenFed Foundation President

Children of Military Families to be Celebrated at PenFed Foundation’s 15th Annual Night of Heroes Gala Honoring Veterans and Community Supporters

PenFed Credit Union Gives $15,000 to Eugene Charities

Low Monthly Payments and Reliability Drive Auto Purchasing and Leasing Decisions

PenFed Announces Site Purchase and Expansion in the Dallas Region

PenFed Reopens Free Seats in Washington Nationals Military Appreciation Section

PenFed Announces Site Location for New Regional Financial Service Center in San Antonio, Texas

PenFed Partners with Northwest Battle Buddies to Raise Service Dog to Support a Veteran

PenFed Credit Union Launches New Digital Division to Highlight Stories of Inspiration, Resilience and Service

PenFed Sponsors VetFran to Connect Veteran Franchise Owners

PenFed Credit Union and EVERFI Host Financial Literacy Event for San Juan High School Students as Part of “Tu Dinero, Tu Sueño” Program

PenFed Credit Union Donates $25,000 to Coast Guard Mutual Assistance

PenFed Credit Union to Give Members the Ability to Tap to Pay with New Contactless Visa Credit and Debit Cards

PenFed Credit Union Hosts Ribbon Cutting for New Hatillo Financial Center and Launches Financial Education Program for High School Students in Puerto Rico

PenFed Foundation and Serve Our Willing Warriors Open Doors to Retreat Home for Wounded Warriors and their Families

PenFed Credit Union Announces $25,000 in Donations to Eugene Charities

PenFed Foundation and Serve Our Willing Warriors Open Doors to Retreat Home for Wounded Warriors and their Families

PenFed Credit Union Donates $50,000 Challenge Grant to Start the Dr. Gerald Gordon Scholarship Fund at George Mason University

PenFed Foundation Invests in Speakers Bureau for Veterans, Entrepreneurs and Leaders

PenFed Foundation Honors First Veteran Entrepreneur Investment Program Recipient: Abe Kamarck, Former US Naval Aviator and Founder/CEO of True Made Foods, at Army Navy Tailgate Event

PenFed Foundation Donates $50,000 to Bellevue West High School Students’ Project to Build Playground for Peter Sarpy Elementary Students

PenFed Foundation Receives $300,000 Donation from Disabled American Veterans Charitable Service Trust to Support Veterans Facing Short-Term Financial Setbacks

PenFed Foundation Donates $50,000 to Help Launch Canine Companions for Independence® Veterans Initiative PTSD Program

PenFed Credit Union Donates $10,000 to Wear Blue: Run to Remember

PenFed Credit Union Launches Financial Education Resource Center

PenFed Credit Union Partners with NBC4, Telemundo44 and WashingtonFirst Youth Foundation to Support Annual Thanksgiving Food 4 Families Campaign

PenFed Credit Union Gives Back to Eugene Charitable Organizations

Ashish Mahajan Joins PenFed Credit Union as Senior Vice President of Enterprise Data

PenFed Credit Union’s Transportation Storefront Opens at Montgomery County Junior Achievement Finance Park®

PenFed Foundation Awards Former U.S. Secretaries of State George Shultz and Condoleezza Rice and Former VA Palo Alto Health Care System Director/CEO Lisa Freeman for their Work to Establish the Lee & Penny Anderson Defenders Lodge

PenFed Foundation to Award Former U.S. Secretaries of State and Former VA Palo Alto Health Care System Director/CEO for their Work to Establish the Lee & Penny Anderson Defenders Lodge

PenFed Credit Union Announces Support of the 2018 Komen Nebraska Race for the Cure® Through a Sponsorship and Employee Fundraising

PenFed President and CEO James Schenck Elected to U.S. Chamber of Commerce

PenFed Foundation Raises $834,633 for Veterans, Military Members and Familiy

PenFed Supports NCUA Proposal to Pay Rebates to Credit Unions in 2018

PenFed President and CEO James Schenck Receives 2017 Credit Union Hero of the Year

PenFed Recognized by U.S. Treasury’s Financial Intelligence Unit for Award

Honoring Those Who Served, Supporting Members and Communities and Achieving

Credit Union Magazine honors PenFed President and CEO James Schenck

PenFed Foundation Raises Nearly $1.5 Million for Veterans, Military Members

PenFed Credit Union Donates $10,000 to Offutt AFB Association

Augusta Metro Federal Credit Union Members Vote to Merge with PenFed

PenFed’s New Cash Rewards Credit Card Pays Cash Back On All Purchases Everywhere

Valor Federal Credit Union Members Vote to Merge with PenFed

Miramar Federal Credit Union Members Vote to Merge with PenFed

PenFed Changes Lives of Disabled Veterans

PenFed Introduces New Program to Help Borrowers Refinance into Lower Student Loan Rates

PenFed Works through New Year’s Weekend to Complete Merger with Energy Federal Credit Union

Northern Virginia and D.C. Area Leaders Celebrate PenFed’s New Headquarters in Tysons

Military Media Brand We Are The Mighty Unveils The Mighty 25

Honoring Those Who Served, Supporting Members and Communities and Achieving Exceptional Growth Topped the Agenda at PenFed’s 82nd Annual Meeting

PenFed Recognized by U.S. Treasury's Financial Intelligence Unit for AwardWinning Compliance Efforts Helping Law Enforcement Prosecute Significant Criminal Case

PenFed Team Runs for Children’s Miracle Network

PenFed Helps Local Veterans Land Jobs at High-Tech Firms

PenFed President and CEO James Schenck Receives 2017 Credit Union Hero of the Year Award at America's Credit Union Conference

PenFed Supports NCUA Proposal to Pay Rebates to Credit Unions in 2018

PenFed Donates $50,000 to American Red Cross Corpus Christi and Houston Chapters for Disaster Relief

PenFed President and CEO James Schenck Elected to U.S. Chamber of Commerce Board of Directors

PenFed’s Historic West Point Cadet Branch Receives Refresh

PenFed Credit Union Announces $100,000 in Donations to Eugene Charities in 2018

PenFed Credit Union and PenFed Foundation Honor Major Donors

PenFed Credit Union Announces $100,000 in Donations to Papillion and Omaha Charities in 2018

PenFed Partners To Entertain 2,300 Military Family Members

Former Belvoir FCU Chairman Alfred Rudolph Named To PenFed Board

PenFed CEO Chairs Washington Business Hall Of Fame Gala

Energy Federal Credit Union Members Vote To Merge With PenFed

PenFed Execs Meet with Senior Air Force Leaders at Offutt AFB

PenFed Merges with Fort Gordon and Community Credit Union

PenFed Purchases New Corporate Headquarters in Tysons Corner

PenFed Recognizes NAFCU as a Strong Credit Union Advocate

PenFed and Armed Services YMCA Partner to Make Military Life Easier

PenFed Donates to U.S. Chamber to Support Common Goals

PenFed to Host San Patricio Branch Grand Opening Event

High-Tech PenFed Branch Enhances Member Experience in Puerto Rico

PenFed Opens Second Branch Location in Capital of Guam

PenFed Credit Union Announces Merger with Belvoir Federal Credit Union

PenFed Credit Union Partners with CU Direct to Drive Auto Loans and Dealer Relationships

PenFed Approaches $20 Billion Threshold with Its Singular Focus on Helping Members Do Better

PenFed Execs and San Juan Leaders Officially Open New Branch

National Credit Union Administration’s Chief of Staff to Join PenFed Team

PenFed Announces Promotion of Associate General Counsel

PenFed Provides Key Sponsorship of Tuskegee Airmen Event

Alamo Federal Credit Union Merges with PenFed

PenFed Garners Multiple Honors during First Quarter of 2016

PenFed Earns Recognition as US Army’s Credit Union of the Year

PenFed’s Chairman of the Board to be inducted into Defense Credit Union Council Hall of Honor

PenFed Board Member Graduates with Distinction from US Army War College

PenFed Honors Service and Sacrifice at 81st Annual Meeting

PenFed Helps Keep History Alive with $25,000 Donation

PenFed Interns Learn Credit Union Basics over Lunch with CEO

PenFed Adds Powerful Voice to CUNA

PenFed’s Chairman of the Board Inducted into Defense Credit Union Council Hall of Honor

PenFed Educational Branch Teaches Lessons Beyond Middle School

PenFed Offers Career Transition Service for Entire Membership

PenFed Among America’s Best Companies for Veterans

PenFed Receives Recognition as U.S. Army Credit Union of the Year

PenFed's Board Chair and CEO Will Preside Over Papillion Branch Grand Opening

PenFed Celebrates First Nebraska Branch

New Merger will Establish PenFed Presence in New Mexico

NCUA Chairman Rick Metsger Visits PenFed’s Newest Branch

Former Belvoir FCU Chairman Alfred Rudolph Named to PenFed Board

PenFed CEO Chairs Washington Business Hall of Fame Gala

PenFed Partners to Entertain 2,300 Military Family Members

We Are the Mighty Presents an Interactive Media Wall Dedicated to America's Service Members Powered by PenFed

PenFed Steps Forward as Inaugural Sponsor of the USO’s $7.5 Million Challenge Campaign

PenFed Opens New Headquarters in Tysons and Joins Northern Virginia Chamber of Commerce

PenFed Invests In Efforts To Enhance Global Security

PenFed Expands Digital Wallet Offering With Samsung Pay And Android Pay

New Hires Fill Two Key Leadership Posts at PenFed

Pentagon Federal Credit Union Continues as a Community Leader with 2015 Philanthropic Goals

PenFed Campaign with Football Legends Jerry Rice, Emmitt Smith & Joe Theismann Soars as Football Fans Win Prizes, Assess Their Finances and Salute Our Troops

Pentagon Federal Credit Union Partners with Open Lending

PENFED Grows Steadily by Nearly $1 Billion in 2014

PenFed Growth to Bring More Jobs to Omaha

PenFed San Antonio Branch Grand Opening and Ribbon-Cutting Celebration

PenFed Branch Services Return to San Antonio, Texas

Tamara Darvish Joins Executive Team at Pentagon Federal Credit Union

PenFed Expands Surcharge-Free ATM Availability for Members through Allpoint Network

Take the PenFed and Military Saves Pledge and Share your Story for a Chance to Win $1,000 in PenFed’s Video Contest

Experience the Freedom of PenFed’s New Access America Checking. A Modern Approach to Money Management. Checking Revolutionized.

Northern Virginia Technology Council (NVTC) Foundation Announces Donation from Pentagon Federal Credit Union to Support NVTC Veterans Employment Initiative

PenFed Credit and Debit Cards Now Offer Apple Pay

PenFed’s Tammy Darvish Receives Schaefer Award

Franchot to Present Schaefer Award to Montgomery County Business Leaders, Philanthropist

PenFed to Host Qualifying Event for International Golf Competition PenFed sponsors Wounded Warriors in quest for Simpson Cup

Small but Potent Mortgage Team Delivers Huge Results $1.7 billion in 1st and 2nd trusts originated with PenFed in the first 5 months of 2015

PenFed Addresses Its Membership at 80th Annual Meeting PenFed CEO cites strong growth and earnings

PenFed Mobile Logons Far Surpass Calls and Visits to Branches Steady increase in mobile and digital use is merely a glimpse at things to come

PenFed Continues to Invest in Leaders of Tomorrow PenFed Chairman and CEO award scholarship funds

PenFed Foundation Board of Directors Taps James Schenck for Dual Role

Zubair Rana Named as PenFed’s Chief Marketing Officer

PenFed Hosts Nationally-Syndicated Radio Star, Delilah

PenFed Foundation Announces Leadership Transition

PenFed Branch Supports Troops at Home and Abroad PenFed’s Fort Hood team ships care packages to deployed service members

PenFed Merges with AAFES Federal Credit Union Credit union proudly welcomes new members and employees

PenFed Supports Navy and Air Force Half Marathon through Sponsorship and Participation

PenFed Cards Rated Best for Travel and Cash Back

PenFed, DC Habitat for Humanity and DC Leaders Dedicate New Homes

PenFed Expands Digital Wallet Offering With Samsung Pay and Android Pay

PenFed Partnership Results in Membership and Employee Growth

PenFed Invests in Efforts to Enhance Global Security

PenFed Merges with NAVFAC Federal Credit Union

PenFed Joins National Defense University in Honoring CIA

PenFed Honored for Service to U. S. Army Warrant Officers Association

PenFed Joins Government, Community and Business Leaders at the Grand Opening of Maryland’s First Financial Literacy Supercenter

PenFed CEO Joins Fellow West Point Alumni at Nasdaq

PenFed’s Growth Philosophy is Paying Dividends

PenFed Branch Relocates to High-Tech Facility in Fort Walton Beach

PenFed Now Offering Rate Reset Protection on Select Mortgages

PenFed Launches Bold Mobile App Redesign

PenFed Now Offering Rate Reset Protection on Select Mortgages

PenFed Launches New Adjustable Rate Mortgage (ARM) Program

Secure 0% APR Online Only Auto Financing at PenFed

PenFed Honors Nation’s Top Athletes and Vets as a Proud Sponsor of U.S. Ski and Snowboard Association Military Mentorship Program at 2014 Visa U.S. Freeskiing Grand Prix in Park City, Utah

PenFed’s Defender American Express® Card this Year’s Sponsor of 2014 National Cherry Blossom Festival’s ‘Postcard To The Troops’ Program

U.S. Army Serviceman Wins PenFed Car Buying Service $2,500 VISA® Gift Card Sweepstakes

PenFed Branch Now Open for Business in Niceville, Fla.

PenFed CEO Retiring; Incoming PenFed CEO Named

New PenFed Promotion Waives Closing Costs on Flagship Adjustable Rate Mortgage

PenFed CEO Honors Hope 360 Co-founders With Award

PenFed VA Mortgage Promotion Waives Origination Fee

New PenFed CEO, James R. Schenck Announces Leadership Team and Vision to Grow Assets to $75 billion

PenFed Supports New Partnership Between Elite Athletes and Wounded Warriors

Future USSA Skiers and Snowboarders Meet in Utah with Military Trainer to Learn About Resilience

2014 QUICKEN LOANS NATIONAL AND PENFED BRING BACK POPULAR MILITARY TRIBUTE

PenFed Welcomes Edward B. Cody as New Board Chairman

USSA Athletes, Paralympian Curler to Visit Louisiana Air Force Base With Military Mentorship Program

Press Release: Kevin Wiles Honored With Chairman’s Award At PenFed’s 2014 Annual Meeting

PenFed Fills Two Key Leadership Roles With Vets

New Feature on PenFed Online Banking Site Provides Free Access to ‘FICO® Score’ to Eligible Members

PenFed Partners with Habitat for Humanity to Aid DC Neighborhood

New PenFed Service Provides Members with an Auto Loan Term “Reset Button” That Puts Them in the Driver’s Seat

PenFed’s Robert Scott Wins NAFCU’s Volunteer of the Year

PenFed Hosts Shred Fest to Help Local DC, Alexandria Residents Securely Destroy Sensitive Documents

PenFed Niceville Branch Holds Grand Opening Celebration

Make Your Holiday Shopping Shine with a Highly Decorated Credit Card from PenFed

The House That PenFed Helped Build Gets an Owner

Tis the Season: Enjoy A More Rewarding Shopping Experience During the PenFed Holiday Cash Giveaway

From Texas to Puerto Rico, PenFed Says Thank You to Troops and Families with Back-to-Back Concerts

Press Release: PenFed Sponsors The Maryland Association Of REALTORS® 2014 Conference and Exposition

New York Giants Running Back Rashad Jennings Carries the Ball for PenFed

PenFed Teams Up With Football Legends Jerry Rice, Emmitt Smith, and Joe Theismann to Launch the PenFed Promise Card Challenge

In Honor and Recognition of America’s Defenders, PenFed Introduces the New PenFed Defender Visa Signature® Card: You Defend. We Reward.

PenFed Sponsors Ft. Buchanan Troop and Family Appreciation Day

Enjoy Higher Certificate Returns at PenFed

PenFed and LoyaltyEdge Collaboration Enhances Point Reward Cardholder Experience with Launch of New Rewards Site

Newest Addition to PenFed Leadership Brings User Experience into Sharp Focus

Press Release: PenFed Credit Union Gives Back to ‘Pay it Forward’

PenFed’s Promise Visa® Card Receives A+ Transparency Score Accolade from MagnifyMoney.com

PenFed Credit Union to be Honored for Serving Those Who Serve

PenFed Credit Union Contributes $100,000 to Help USO Bring Platinum Recording Artist Trace Adkins to Fort Hood

PenFed Joins “Designing Spaces™” Dream Team in Support of Community Reinvestment Project

PenFed’s Premium Travel Rewards American Express® Card Official Card of the 2013 National Cherry Blossom Festival

Limited Time Only 30-Year Fixed Conventional and Jumbo Mortgage Promotional Rate Offers, Now Available at PenFed

PenFed Adjustable Rate Mortgage (ARM) Promotional Rate Sale A Jaw Dropper for Deal Seekers

PenFed Unveils 0.74%* APR Auto Financing with Online Car Buying Service

PenFed Ushers in New Year with Competitive Credit Card Balance...

The Motley Fool and PenFed Launch New Affinity Relationship

2013 AT&T National Brings Back Popular Military Tribute Near 18th Green

PenFed and PenFed Foundation Honor Nation’s Military Heroes with Legacy Cherry Blossom Tree Dedication at U.S. Soldiers’ and Airmen’s Home

New PenFed Branch Now Open for Business in Clarksville, Tenn.

For a Limited Time Only PenFed is Offering a 1.74% APR* Online Rate for New Auto Purchases on Financing Terms up to 72 Months

PenFed and AFBA Enhance Membership Services with Launch of New Marketing Alliance

Secure 0.49% APR* Online Only Auto Financing with PenFed

Are High Rate Card Balances Putting a Crimp in Your Holiday Shopping? Now At PenFed, Enjoy Low Rates on All Credit Card Balance Transfers

PenFed Continues Tradition of Offering Exclusive Products Created With Military Members in Mind