Veterans Affairs Senior Advisor to the Secretary Joins PenFed Credit Union

Posted February 12 2018
by Media Relations

Matthew S. Collier to serve as Vice President of Business Development

TYSONS, Va., Feb. 12, 2018 – PenFed Credit Union, the nation’s second largest federal credit union, today announced Matthew S. Collier as the new Vice President for Business Development. In this role, Mr. Collier will contribute to the strategic growth of the credit union through the development of new business opportunities and through targeted membership growth within current strategic business relationships, focusing on military, military associations, defense contractors, and federal agencies.

“PenFed’s heritage is rooted in serving those who serve our nation,” said James Schenck, President and CEO, PenFed Credit Union. “Matt brings extensive business development experience and a broad network of relationships within PenFed’s core membership in the defense community and federal agencies. With his impressive career in public service, executive leadership roles in corporate America and service in the U.S. Army, Matt possesses proven capabilities to drive strategic business results and help us expand our reach within our core membership communities. I look forward to having Matt on our leadership team.” 

Mr. Collier joins PenFed from the U.S. Department of Veterans Affairs where he served as Senior Advisor to the Secretary. Among his many accomplishments was the development and launch of the VA Center for Strategic Partnerships with the purpose of developing sustainable partnerships to improve the lives of veterans and their families.

During his more than 30-year career, Mr. Collier served as President and Chief Executive of publicly traded and privately held companies in the technology and software industries where he consistently grew sales, achieving significant revenue gains and business profitability. Following his service as an Infantry Officer in the United States Army, Mr. Collier served as Chief of Staff for a Member of Congress and was then elected Mayor and Chief Executive Officer of the City of Flint, Michigan.

Mr. Collier will report to Shashi Vohra, Executive Vice President, President of Affiliated Business, PenFed Credit Union. “We are thrilled to welcome Matt to PenFed. PenFed is proud to partner with companies and associations that do business within the defense and federal government communities. Through his relationships and experience, Matt will enable us to expand our value proposition of membership to more people within those eligible communities,” said Mr. Vohra.

Mr. Collier is a graduate of The United States Military Academy at West Point and holds a Master of Public Administration Degree from the John F. Kennedy School of Government at Harvard University.

To learn more about PenFed and membership eligibility, visit


About PenFed Credit Union

Established in 1935 as the War Department Credit Union, PenFed Credit Union is America’s second-largest federal credit union, serving over 1.6 million members worldwide with $23 billion in assets. Our long-standing mission has been to provide superior financial services in a cost-effective manner, while being responsive to members’ needs. PenFed Credit Union offers market-leading mortgages, automobile loans, credit cards, student loans, checking, certificates, and a wide range of other financial services with members’ interests always in mind.  PenFed Credit Union serves a diverse population, and no military service is required to join.  PenFed Credit Union offers many paths to membership, including numerous employee groups and association affiliations. PenFed Credit Union is federally insured by the NCUA and is an equal housing lender. To learn more about PenFed Credit Union, visit, 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.



PenFed PenFed, Inc FREE - On Google Play