TYSONS, Va. – PenFed Credit Union has been selected by VIQTORY Media as the nation’s top Military Friendly Brand. The Military Friendly Brands list is developed from public and government data sources and comprehensive survey responses from employers.
“We are honored to be recognized as the nation’s top brand for military veterans and their spouses,” said PenFed’s president and CEO, and U.S. Army veteran, James Schenck. “The PenFed team is stronger when we harness the unique talents of members of the military community. PenFed is committed to increasing military employment and sharing solutions through events like the digital roundtable we recently hosted at our headquarters for other military-friendly employers.
VIQTORY Media’s survey questions, methodology, criteria, and weighting identify organizations that provide veterans and their families with the best career opportunities. The results are independently evaluated by Ernst & Young, a global research firm. VIQTORY media also named PenFed a Top Military Friendly Spouse Employer and a Top 10 Military Friendly® Employer.
As part of an ongoing commitment to selecting members of the military community, PenFed said it launched a Military Employment Program focused on supporting 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 25% of its recruiting budget on hiring from the military community, PenFed collaborates with dozens of military employment organizations, as well as dozens of installation Transition Assistance Program offices, to enhance military employment efforts. Currently, over 14% of PenFed employees have a personal or familial military affiliation.
PenFed said it has a strong legacy of being a military-friendly company. The credit union donates 2% of its annual net income to charitable organizations, with the majority going to military charities. The PenFed Foundation – PenFed’s charitable arm – was created in 2001 and, since then, has provided more than $35 million in financial support to veterans, active-duty service members, families and caregivers.