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PenFed Credit Union Announces Record Quarterly Mortgage and Consumer Lending Volume
America s Second-Largest Federal Credit Union Funds a Record $5.3 Billion in Mortgages and Consumer Loans during First-Quarter 2021
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TYSONS, Va., April 20, 2021 /PRNewswire/ PenFed Credit Union, the nation s second largest federal credit union, today released financials highlighting the strongest quarter in the institution s 86-year history. In first-quarter 2021, PenFed originated a record $3.00 billion in mortgage loans and a record $2.29 billion in consumer loans. Consumer loans include auto loans, credit cards, personal loans and refinanced student loans. Helping our 2.2 million members do better financially is how we measure success, said PenFed President and CEO James Schenck. Making $5.3 billion worth of loan originations in the first quarter is the result of PenFed s value proposition of great rates for everyone, inspired leader
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TYSONS, Va., Feb. 8, 2021 /PRNewswire/ Alpha Coffee, a veteran and military-spouse co-owned company dedicated to offering amazing coffee, promoting the warrior lifestyle, and giving back to the military, today announced the company will donate 10% of national sales Feb. 7-15 to the PenFed Foundation. The donations will be used by the PenFed Foundation to provide members of the military community with emergency financial assistance, help veterans achieve the dream of home ownership and support investments in veteran entrepreneurs.
Alpha Coffee Co-Owners retired U.S. Army Lt. Col. Carl Churchill and wife Lori Churchill
Those interested in supporting Alpha Coffee and the PenFed Foundation are encouraged to visit https://alpha.coffee/PenFed. Those who purchase coffee from Feb. 7-15 at this link will also be entered for a chance to win a $100 Alpha Coffee gift card.
PenFed Welcomes Chairman of National Credit Union Administration at Board Education Conference
NCUA Chairman Rodney E. Hood Shares Positive Outlook for Credit Union Industry
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TYSONS, Va., Jan. 19, 2021 /PRNewswire/ PenFed Credit Union, the nation s second largest federal credit union, hosted its Board Education Conference on Saturday Jan. 16 with five expert speakers including the first in-person event by National Credit Union Administration (NCUA) Chairman Rodney E. Hood since March 2020.
Speaking to the 11 members of PenFed s volunteer Board of Directors, five members of PenFed s volunteer Supervisory Committee and nine members of PenFed s Executive Team, Chairman Hood presented a positive outlook for the credit union industry. Chairman Hood asserted that on the strength of credit union share growth, the National Credit Union Share Insurance Fund is carrying sufficient equity to withstand the pandemic. Chairman Hood emp
PenFed Announces Record 2020 Results
Despite Pandemic, America s Second Largest Federal Credit Union Drives Unprecedented Growth in Members, Mortgages, Consumer Loans and More
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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