TYSONS, Va.–PenFed Credit Union has been named a “Top 50 Best Company for Latinas to Work” by LATINA Style Inc. The annual list evaluates corporations on issues deemed most important to LATINA Style readers and includes Latina retention, job opportunities, employee benefits and Hispanic relations.
“We are honored to be the top credit union named to this list and we look forward to continuing to support Latinas,” said PenFed President and CEO James Schenck. “Latinas both strengthen our workforce with their diverse backgrounds and help us best serve our 300,000 Spanish-speaking members.”
PenFed said it has committed to hiring Latino employees in the company’s growing Bilingual Service Centers and currently fields 20% of all service calls in Spanish. In addition to creating over 300 jobs for Spanish speakers across America, PenFed said it also donated $700,000 to empower Hispanic students to achieve college education and partnered with 10 public and private high schools in Puerto Rico to provide financial literacy education.
After the devastation of Hurricane Maria, PenFed invested $8 million to open new facilities in Puerto Rico and rebuild the local economy. PenFed opened a new financial center in Hatillo in January 2019, and PenFed’s fifth financial center in Puerto Rico is scheduled to open in Ponce in early 2020.
PenFed said it has a strong legacy of helping communities and donates 2% of its annual net income to charitable organizations, including many that improve the lives of Latinas.