ALEXANDRIA, Va.—Pentagon FCU is looking to expand into Omaha, Neb.
The announcement comes after the $17.8-billion CU disclosed in early January that it also plans to also expand into Northwestern Florida.
PenFed explained that Omaha growth plans area are consistent with a strategy that, in part, calls for placing more focus on its core—those serving in the national defense community and all who support them. The expansion plans for Omaha, like those announced for Northwestern Florida, include mergers and acquisitions, and the development of business partnerships with other credit unions in the area, the CU stated in a release.
"We're excited about this growth period in which we currently find ourselves. It's not only good for PenFed, but it's good for our members, employees, and economies of the communities in which we have operations," said PenFed president and CEO James Schenck. "Regarding our plans to expand in Omaha, we've been a proud part of that community since 1992.”
During 2015 in Omaha, PenFed plans to add positions at its service center, begin branch operations, and hire employees in the areas of IT, Finance, Mortgage Processing, Member Services, and Administrative Support.
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