Top Level Scores
The following categories are graded on a scale of 1 to 4.
PenFed's mission isn’t simply to help our members get by. We exist to help them realize every ounce of their potential. We exist to educate, but to also encourage. We exist to usher their dreams into the land of reality.
And that’s why we strive to provide consistently Best-in-Class rates on car loans and home mortgages. In addition, our portfolio of award-winning credit cards offers incentives and innovative features that our competitors find hard to match.
Established in 1935, PenFed today is one of the country’s strongest and most stable financial institutions serving 2 million members worldwide with $25 billion in assets. We serve members in all 50 states and the District of Columbia, as well as in Guam, Puerto Rico, and Okinawa. We are federally insured by NCUA and we are an Equal Housing Lender. We are available to members worldwide, via the web, seven days a week, twenty-four hours a day.
-Military Recruiting Team provides instruction.
-Utilization of PsychArmor courses
military spouse recruitment and hiring
PenFed's Military Employment Program specifically targets Military Spouses for recruitment though partnerships with MSEP and the Hiring Our Heroes Military Spouse Employment Program in addition to other military employment organizations and channels, including social media. In addition, PenFed tracks our Military Spouse hiring and provides 2x employee referral bonuses for Military Spouse Hires. PenFed HR policies also allow for the conversion of jobs to remote roles, if possible, to support Military Spouses impacted by a military PCS.
military caregiver policy
PenFed's Military Employment Program serves the entire military community, including caregivers. PenFed's military employment outreach, recruiting, and training includes anyone who has an affiliation with the military community. In addition, the PenFed Foundation recognizes the important role of caretakers and honors a caretaker of the year at its annual fund-raising gala.
We offer a retention support program for all military connected employees regardless of the sub groups people may belong to,We offer retention support programming designed specifically for currently service Guard and Reserve employees,We offer retention support programming designed specifically for military spouse employees
orientation training and onboarding
- New Employee Orientation
- New Employee Training
- On-boarding program
military connected assistance
Military Spouses: internal mobility and remote job conversion
Guard and Reserves: Pay Differential, ESGR partnership
All: PenFed Military Employee Resource Group on LinkedIn, Military Honor Wall, Military Challenge Coins, military employee ceremonies and events, military related philanthropic outreach channels
civilian credential support
We offer tuition assistance or other financial support toward the preparation, attainment, and/or maintaining of an academic or professional certificate, degree, or another civilian credentialIn addition to Tuition Reimbursement, we have partnerships with Universities and other organizations which allow our employees to gain certifications at no cost to the employee. Two organizations we work with for our military employees are Syracuse University's Institute for Veterans and Military Families, and SalesForce's VetForce.
James Schenck, President & CEO
Jamie Gayton, EVP of Operations
Edward B. Cody, Chairman - Board of Directors