ALEXANDRIA, Va.—Pentagon FCU is reporting that it has made donations to charitable and other organizations totaling more than $400,000 in the first five weeks of 2015.
The credit union donated more than $3 million to such organizations during 2014.
“Charitable giving and credit unions go hand in hand,” said PenFed President and CEO, James Schenck. “The very bedrock of people helping people is what defines the culture of PenFed and the entire credit union movement. We at PenFed find it particularly rewarding to contribute to groups that support current and former service members and their families. Who we are as an organization is forever tied to those who serve. As we continue to grow, it’s our intent to continue to share that success with organizations that benefit our core field of membership—our nation’s defenders,” said Schenck.
The single largest benefactor of PenFed is the PenFed Foundation, which received over $2.5 million in donations and in-kind support in 2014.
In the past five weeks, PenFed has made contributions of $25,000 or more to organizations that have included the National Defense University Foundation, the U.S. Army Warrant Officers Association Schoarship Fund, The Lexington Institute, the Equal Rights Center, the PACs of CUNA and NAFCU, and more.