PenFed Attracts Record Number of Summer Interns

Posted June 07 2018
by Media Relations
2018 Summer Inters

TYSONS, Va., June 7, 2018 – A record 3,300-plus students applied for the opportunity to intern at PenFed, the nation’s second largest federal credit union. Attracting talent from top schools all over the country, 32 undergraduate and three graduate school students were selected to intern at PenFed’s Tysons headquarters and other PenFed locations in the Greater Washington, DC area. Several of the students are returning interns. 

The interns surprised PenFed leaders attending their kick-off event with an unexpected donation of a portion of their first paychecks to the PenFed Foundation, demonstrating their inspiration from and shared beliefs in PenFed’s commitment to support charitable organizations and the communities in which it serves.

“The choices we make on a daily basis is what makes us successful,” PenFed President and CEO James Schenck said in his welcome remarks to the interns. “There is greatness in each of you,” he continued asserting his belief that every intern is going to make a positive impact for PenFed during their summer tenure. Schenck celebrated the diversity between the 18 different schools that were represented in the room, reminding the interns that they truly are “a team of teams.” 

PenFed donates at least 2% of its earnings each year to nonprofits, with an emphasis on those which help wounded servicemen and women.  Last week, Schenck was awarded Large Business Philanthropist of the Year from Volunteer Alexandria for the work PenFed and Schenck do in its communities.  

About PenFed Credit Union

Established in 1935 as the War Department Credit Union, Pentagon Federal Credit Union (PenFed) 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.