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PenFed Announces Record 2020 Results Despite Pandemic, America s Second Largest Federal Credit Union Drives Unprecedented Growth in Members, Mortgages, Consumer Loans and More News provided by Share this article Share this article TYSONS, Va., Jan. 13, 2021 /PRNewswire/ PenFed Credit Union, the nation s second largest federal credit union, today released financials highlighting the strongest year in the institution s 85-year history. In 2020, PenFed set records for membership growth, mortgage loan volume and consumer loan volume, while helping more members through the global pandemic. At PenFed we measure success by how many people we ve helped. In 2020, PenFed helped more than 2.1 million members do better financially, said PenFed President & CEO James Schenck. PenFed s record results are a combination of organic growth and a focused merger strategy paying huge dividends. Partnering with other credit unions over the last five years allowed us to rebuild infrastructure, up

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