PenFed Credit Union Receives Anchoring Business Community Award from the Greater Washington Hispanic Chamber of Commerce | State

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TYSONS, Virginia, November 15, 2021 / PRNewswire / – PenFed Credit Union, the country’s second-largest federal credit union, was honored by the Hispanic Chamber of Commerce of Greater Washington (GWHCC) with the Corporate Community Anchor Award for contributions and support to the Hispanic community at GWHCC’s annual gala on the evening of November 13.

“Receiving the Corporate Community Anchor Award from the Hispanic Greater Washington Chamber of Commerce is a great honor for PenFed,” said the President and CEO of PenFed Credit Union and CEO of the PenFed Foundation. Jacques Schenck. “Our 3,200 finance professionals at PenFed are proud to serve the Hispanic community of Greater Washington and all over our country. “

PenFed was selected for the Corporate Community Anchor Award by an advisory group of Greater Washington business veterans.

“PenFed and the great leaders of the Hispanic Greater Washington Chamber of Commerce believe that the best way to support the Hispanic community is to create jobs,” said Schenck. “Thanks to the House, the Hispanic community is the most vibrant and vibrant community in Greater Washington. “

Since 2016, PenFed has increased its percentage of Hispanic employees from 8% to almost 20%. During the pandemic, as many companies lay off employees, PenFed continued to hire and retain top talent. Even during the pandemic, PenFed’s Hispanic employee retention rate remained at 97%.

Every year from 2018 to 2021, PenFed was recognized by LATINA Style as Top 50 American Employers for Latinas. The annual list assesses companies on the issues deemed most important to LATINA Style readers and includes Latina promotions, recruiting and retention, as well as increasing the number of Latina employees in the company.

“PenFed’s Hispanic teammates are a huge asset to our workforce, and we are proud to have more than tripled our number of Hispanic employees in the past five years,” said Ricardo Chamorro, Executive Vice President of PenFed, Consumer Banking & Strategy. “PenFed now employs over 530 Hispanics and we are proud to serve over 300,000 Spanish speaking members.”

PenFed donates up to 2% of its annual net income to charities, including more than $ 1 million and hundreds of thousands of volunteer hours in Hispanic organizations since 2014.

Founded in 1976, the Hispanic Chamber of Commerce of Greater Washington is a member-driven organization that supports the economic development of the Washington DC metropolitan region by facilitating the success of Latin American and other minority-owned businesses and the communities they serve through networking, advocacy, education and access to capital.

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 2.5 million members worldwide with $ 31 billion in assets. PenFed Credit Union offers certificates, checks, credit cards, personal loans, mortgages, auto loans, student loans, and a wide range of other financial services, always keeping the interests of creditors in mind. members. 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? Consult us on LinkedIn. We are proud to be an equal employment opportunity employer.

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SOURCE PenFed Credit Union


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