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

Posted July 26 2017
PenFed Credit Union News Release

"James embodies the spirit of volunteerism and selfless service,” said Edward Cody, Chairman of the Board, PenFed Credit Union, in the video introduction to Schenck. “James goes out of his way to look out for others – which in our industry is everything.”“Our entire credit union movement understands the importance of placing others before self. 

“Our entire credit union movement understands the importance of placing others before self. Our movement is driven by a very simple, yet powerful philosophy: ‘People Helping People,’” Schenck said upon receiving his award. “We look out for each other. We look out for our neighbors. These are principles America was built upon and the principles our collaborative movement was built upon. We are in business to serve members. That is the reason we exist. We don’t just give back to our communities because we have to. We give back to our communities because we want to.”

“James Schenck has long been a champion for America’s Credit Unions, and for the people and communities his credit union serves,” said Jim Nussle, CUNA President and CEO. “Since becoming president and CEO of PenFed Credit Union in 2014, James has established a variety of programs that address the unmet needs of our nation’s military members, our veterans and their families, particularly by expanding the reach and impact of the PenFed Foundation. As his colleagues will attest, he’s a true leader by example, not only asking his employees to volunteer their time, but getting out there and putting the work in himself. He is a true Credit Union Hero.”

About PenFed Credit Union

Established in 1935 as the War Department Credit Union, PenFed Credit Union is one of the largest credit unions in the country, serving over 1.6 million members worldwide with more than $22.8 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 its 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 Opportunity Employer: M/F/V/D.

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