Chairman Recognizes Employees and Business
Partner of the Year
TYSONS, Va., May 16, 2024
/PRNewswire/ -- PenFed Credit Union, the nation's
second-largest federal credit union, highlighted its continued
success in further increasing deposits, liquidity and capital in
2023 and the incredible value PenFed provides to the community at
its 2024 annual meeting.
The meeting was held at PenFed headquarters and via audio
conference on the evening of May 15
with members, employees, and the board of directors in
attendance.
PenFed President/CEO James
Schenck highlighted that PenFed is more than 2.9 million
members strong. In 2023, the credit union welcomed over 230,000 new
members and paid out over $695
million in dividends to members. PenFed also loaned over
$13 billion to members as they
realized their dreams of home ownership, the purchasing of a
vehicle and other significant milestones in life.
"Most importantly, at PenFed we measure success not just by
financial results, but by how many people we've helped," said
Schenck. "We are people helping people. PenFed is especially proud
to have donated over $2.4 million in
2023 to support over 100 charitable organizations in the
communities where we live and serve."
Schenck's remarks also emphasized PenFed's launch of its
state-of-the-art digital banking platform to deliver an enhanced
member experience. The platform boasts a modern and intuitive
design that is web-friendly and seamlessly adapts to desktop,
mobile and tablet devices. The new platform received over 100
million logins in 2023.
PenFed Chairman Ed Cody
recognized employees and a business partner of the year for their
outstanding service and contributions to the credit union. This
year's award recipients are:
- Employee of the Year: Michele M.
Hart, VP property management global fixed assets, recognized
for executing innovative initiatives across PenFed properties that
save hundreds of thousands of dollars annually.
- Employee of the Year: Alicia
Nealon, SVP chief compliance officer, recognized for
demonstrating outstanding compliance expertise while managing many
external regulatory matters and regularly presenting on compliance
and BSA/AML topics to PenFed's board, executive team and at
industry events.
- Employee of the Year: Rob
Cochran, VP enterprise fraud operations,
recognized for detecting and preventing $160
million in fraud loss while enhancing risk
review and reporting.
- Employee of the Year: Dawn
Gill, VP mortgage servicing business controls, recognized
for establishing the risk and control framework that is used by
several business lines across the enterprise.
- Employee of the Year: Sara
Hyde, VP financial transformation, recognized for leading
and coordinating the remediation efforts that addressed regulatory
risk.
- External Business Partner of the Year: Jerry Clark, Clark & Associates, recognized
for creating PenFed's signature branch design and for providing
cost savings and innovative solutions.
"As Chairman, every year on behalf of our board, I have the
privilege and fun of recognizing individuals who have made
extraordinary contributions to the success of PenFed," said Cody.
"We could not succeed without great teams - and PenFed is blessed
with some of the best employees and business partners in the
financial industry."
About PenFed Credit Union
Established in 1935,
Pentagon Federal Credit Union (PenFed) is America's second-largest
federal credit union, serving 2.9 million members worldwide
with over $34.6 billion in
assets. PenFed Credit Union offers market-leading certificates,
checking, credit cards, personal loans, mortgages, auto loans,
student loans, and a wide range of other financial services with
members' interests always in mind. PenFed Credit Union is federally
insured by the NCUA and is an Equal Housing Lender. To
learn more about PenFed Credit Union,
visit PenFed.org, like us
on Facebook and follow us @PenFed on X. Interested
in working for PenFed? Check us out on LinkedIn. We are proud
to be an Equal Employment Opportunity Employer.
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SOURCE PenFed Credit Union