PenFed Credit Union Named “Best Veteran Friendly Business” by US Veterans Magazine for Third Year in a Row | state

TYSONS, Virginia, July 14, 2021 / PRNewswire / – PenFed Credit Union, the nation’s second-largest federal credit union, today announced for the third year in a row that it has been selected by U.S. Veterans Magazine as Best Veteran Friendly Company in 2021.

“PenFed is honored to be recognized by US Veterans Magazine for the third consecutive year for its commitment to the military community,” said James Schenck, President and CEO of PenFed Credit Union and CEO of the PenFed Foundation. “We are proud to celebrate the resilience of veterans and military spouses here at PenFed. Veterans bring an invaluable wealth of skills and knowledge to our team, and as we grow we will continue our robust recruiting efforts within the military community. “

The annual review is an assessment of the military employment efforts of employers, initiatives, government agencies, and educational institutions nationwide. This unbiased study is a valuable resource for job seekers, business owners, students, consumers, senior executives, business associations, employment agencies and consumer groups. PenFed’s accomplishments will be featured in the August / Fall 2021 print and online issue of US Veterans Magazine.

As part of an ongoing commitment to hire and support the military community, PenFed operates a military employment program focused on each phase of the employment lifecycle for all members of the military community – including alumni combatants, military spouses and survivors, wounded warriors and their caregivers, Reservists and National Guardsmen.

In addition to devoting 10% of its recruiting budget to hiring and retaining veterans and military spouses, PenFed works with dozens of military employment organizations, as well as dozens of Settlement Transition Assistance Program offices to enhance our military employment efforts. Members of the military community interested in a career in a military enterprise are encouraged to visit PenFed’s Military Recruitment Web Page. This webpage allows members of the military community to join our military talent community and search for jobs based on their skills and experience using a military occupational specialty code.

PenFed has a strong military-friendly corporate heritage and donates 2% of its annual net income to charities, the majority going to military charities. The PenFed Foundation, a national 501 (c) 3 organization founded by the PenFed Credit Union, was established in 2001 and since then has provided over $ 38.5 million in financial support to veterans, serving members , families and caregivers.

About PenFed Credit Union

Founded in 1935, the Pentagon Federal Credit Union (PenFed) is the second largest federal credit union in the United States, serving 2.3 million members worldwide with $ 28 billion in assets. PenFed Credit Union offers market leading certificates, checks, credit cards, personal loans, mortgages, car 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 PenFed.org, 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.

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SOURCE PenFed Credit Union

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