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

Posted December 11 2019
by Media Relations
PenFed Credit Union Receives NVTC Award

TYSONS, Va., December 11, 2019PenFed Credit Union, the nation’s second-largest federal credit union, was honored by the Northern Virginia Technology Council (NVTC) Foundation with a Veterans Employment Initiative Veteran Service Award for its support to the military community during the NVTC’s Tech 100 event on the evening of December 9.

“We are honored to be recognized as a company that goes the extra mile to select and support military veterans and their families,” said James Schenck, PenFed Credit Union President and CEO and PenFed Foundation CEO. “The military community is an outstanding pool of talent that strengthens our workforce, and we gratefully accept this award on behalf of all PenFed employees and volunteers.”

The Northern Virginia Technology Council is the largest technology council in the nation and represents 300,000 employees in the Washington metropolitan area. PenFed was selected for the Veterans Employment Initiative Veteran Service Award by an independent three-person panel.

Judges were impressed with PenFed’s Military Employment Program, which is focused on supporting every phase of the employment lifecycle for all members of the military community including veterans, military and surviving spouses, wounded warriors and their caregivers, reservists and National Guardsmen.

In addition to spending 25% of its recruiting budget on hiring from the military community, PenFed collaborates with dozens of military employment organizations, as well as dozens of installation Transition Assistance Program offices, to enhance military employment efforts. Currently, over 14% of PenFed employees have a personal or familial military affiliation.

PenFed has a strong legacy of being a military-friendly company. The credit union donates 2% of its annual net income to charitable organizations, with the majority going to military charities. The PenFed Foundation – PenFed’s charitable arm – was created in 2001 and, since then, has provided more than $35 million in financial support to veterans, active-duty service members, families and caregivers. Those interested in supporting the PenFed Foundation's mission to help the military community and their support network are encouraged to visit

Members of the military community looking for meaningful careers are encouraged to join PenFed’s Military Talent Pool.

About PenFed Credit Union

Established in 1935, Pentagon Federal Credit Union (PenFed) is America’s second-largest federal credit union, serving 1.7 million members worldwide with $25 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. Our mission is to empower members of our community to achieve their financial well-being. 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.