TYSONS, Va.– PenFed Credit Union has been selected for the second year in a row by the Military Times as a “Best for Vets” employer of 2020.
The rankings, which are editorially independent, analyzed more than 150 companies on their efforts to connect with veterans and provide them a working environment that supports their success.
“We are proud to have our commitment to employing veterans and military spouses recognized by the Military Times,” said PenFed Credit Union President/CEO and PenFed Foundation CEO James Schenck. “As our team of over 2,700 professionals grows, we will continue to select individuals with the skills, experience, leadership and passion for service the military community brings to the workplace.”
As part of an ongoing commitment to hiring and supporting the military community, PenFed said it operates a Military Employment Program focused on every phase of the employment lifecycle for all members of the military community – including veterans, military and surviving spouses, wounded warriors and their caregivers, Reservists and National Guardsmen.
In addition to spending 20% of its recruiting budget on hiring and retaining veterans and military spouses, PenFed said it also collaborates with dozens of veteran employment organizations, as well as dozens of installation Transition Assistance Program offices, to enhance employment efforts within the broader military community. PenFed also partners with the U.S. Chamber of Commerce Foundation's Hiring Our Heroes initiative to specifically recruit transitioning service members and military spouses.
PenFed noted it has a strong legacy of being a military-friendly company and donates 2% of its annual net income to charitable organizations, with the majority going to military charities.