TYSONS, Va.– PenFed Credit Union has donated nearly $100,000 of rent-free space in Woodbridge, Va. serving as the national headquarters of the Armed Services YMCA. PenFed said it supports Armed Services YMCA’s mission of helping junior-enlisted military service members and their families thrive wherever the military sends them. PenFed is making the Armed Services YMCA national headquarters space rent-free through the end of 2020.
“PenFed is proud to support the Armed Services YMCA and we are honored to help positively impact the lives of service members and their families here in the National Capital Region,” said PenFed Credit Union President/CEO and PenFed Foundation CEO James Schenck. “The Armed Services YMCA does tremendous work helping service members with the challenges they face while serving to ensure our nation’s safety and freedoms. PenFed is committed to donating $2 million in 2020 to celebrate our two-million member milestone by giving back to charities that support the communities where our members work and live.”
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 $38.5 million in financial support to veterans, active-duty service members, families and caregivers.