The Work Index by Flexa

PenFed Credit Union

PenFed Credit Union is a federally insured financial institution serving over 2.8 million members worldwide.

https://www.penfed.org/
4.7

/10

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Description

PenFed Credit Union is America's second-largest federal credit union, boasting over 2.9 million members worldwide and $33.5 billion in assets. PenFed offers a comprehensive range of financial products and services, including checking and savings accounts, credit cards, personal loans, mortgages, auto loans, student loans, and wealth management solutions. The organization prioritizes member interests and delivers market-leading products with a focus on financial literacy and community service.

PenFed Credit Union is known for its commitment to serving the military community, including veterans, military spouses, wounded warriors, and their families. The company offers a variety of benefits and resources specifically designed to meet the needs of this unique demographic. PenFed also demonstrates a dedication to its employees by offering a competitive benefits package, including comprehensive health insurance options, generous paid time off, and a 401k with an employer match.

Flexibility

PenFed Credit Union offers a variety of work arrangements, including on-site positions and opportunities for remote work. While most roles are based in an office setting, the company does offer flexible work schedules and the possibility of working from home for some positions. This flexibility can help employees balance their work and personal lives, and may be a factor in attracting and retaining talent.

Office based

Benefits

PenFed Credit Union offers a comprehensive benefits package to its employees, including robust medical, dental, and vision plan options, generous paid time off, a 401k with employer match, and on-site fitness facilities at larger locations. Additionally, PenFed is committed to supporting its employees' professional development through education assistance programs and offers specific support for veterans and military spouses through its Military Employment Program.

Mission

PenFed Credit Union is America's second-largest federal credit union with a mission to deliver financial value that helps members achieve their dreams. They are committed to providing market-leading financial services, including checking and savings accounts, credit cards, loans, mortgages, and more, always prioritizing their members' interests. PenFed is dedicated to serving a diverse membership base worldwide, providing convenient access through online and mobile banking platforms, and a network of over 85,000 fee-free ATMs.

Not-for-profit

Culture

PenFed Credit Union cultivates a supportive and inclusive culture that prioritizes employee wellbeing and professional development. They emphasize a commitment to serving their members, fostering teamwork and collaboration, and promoting continuous learning. The company prioritizes community engagement and actively recruits individuals from the military community, offering competitive benefits and a supportive work environment.

People-first
Supportive

DE&I

PenFed Credit Union is committed to fostering a diverse, equitable, and inclusive workplace. They strive to create an environment where all employees feel valued, respected, and empowered to contribute their unique perspectives. PenFed actively recruits from a wide range of backgrounds and provides opportunities for professional development and growth for all employees. They also have Employee Resource Groups (ERGs) to support and connect employees with shared experiences and identities. These efforts reflect PenFed's belief in the importance of diversity, equity, and inclusion for its success and its positive impact on the community.

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