PenFed Credit Union Completes Record Year by Giving $5.5 Million to Support Community Charities

TYSONS, Va., Dec. 15, 2021 /PRNewswire/ -- PenFed Credit Union, the nation's second largest federal credit union, today announced $1.1 million in additional donations to the Air Force Association, Armed Services Arts Partnership, Association of the US Army, Invest in Girls, Leashes of Valor, National Military Family Association, Tunnel To Towers Foundation and Willing Warriors. PenFed has donated a record $5.5 million to community partners in 2021 to complete the most successful year in its 86-year history.

"At PenFed we measure success by how many people we help," said James Schenck, PenFed President/CEO and PenFed Foundation CEO. "PenFed is proud to support our community partners on behalf of our over 3,600 employees and 2.5 million members. This year we set many records in loan originations and membership growth, but we are most proud of our record community giving."

In 2021, PenFed gave $2.8 million to more than 100 charities in communities it serves and an additional $2.7 million to the PenFed Foundation. The PenFed Foundation is a national 501(c)3 founded by PenFed Credit Union and committed to empowering military service members, veterans and their communities with the skills and resources to realize financial stability and opportunity.

PenFed's community partners make a difference in the lives of many through a wide range of services:

• Air Force Association – promotes dominant U.S. Air and Space Forces as the foundation of a strong national defense; to honor and support our Airmen, Guardians, and their families; and to remember and respect our enduring heritage.
• Armed Services Arts Partnership – provides free art and comedy classes to veterans, service members, military family members, and caregivers.
• Association of the US Army – supports soldiers, their families, and Army civilians; provides a voice for the Army and honors those who have served.
• Invest in Girls – works with schools, community organizations, corporations and foundations to provide financial literacy programming to young girls.
• Leashes of Valor – brings service dogs and post-9/11 veterans together in order to enrich and improve the lives of both.
• National Military Family Association – stands up for, supports, and enhances the quality of life for every military family through bold advocacy, innovative programming, and dynamic and responsive solutions.
• Tunnel to Towers Foundation – honors military and first responders who continue to make the supreme sacrifice of life and limb for our country.
• Willing Warriors – provides cost-free retreat stays and programs that positively impact wounded, injured, and ill service members and disabled veterans. PenFed is funding two of three homes at the Warrior Retreat in Haymarket, Va.

About PenFed Credit Union

Established in 1935, Pentagon Federal Credit Union (PenFed) is America's second-largest federal credit union, serving 2.5 million members worldwide with $32 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 with members' interests always in mind. 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.

SOURCE PenFed Credit Union