PenFed Credit Union Chairman Ed Cody, PenFed Credit Union Board Member Ron Spear, US Rep. Barbara Comstock (VA 10th District), PenFed Credit Union President/CEO James Schenck

Talk of Tysons: PenFed Credit Union Joins the Tysons Community in a Big Way

Several hundred prominent local business, political, military, and community leaders gathered Tuesday evening, January 24, to celebrate the official opening of PenFed Credit Union’s new headquarters on Jones Branch Drive in Tysons Corner. The $180 million state-of-the-art LEED Gold certified facility will be home to the country’s second-largest federal credit union. With 750 current employees throughout Northern Virginia, their headquarters can accommodate up to 500 employees as they continue their rapid growth in our region.

PenFed manages $21.3 billion in assets and offers superior services in market-leading mortgages, automobile loans, credit cards, checking, wealth management and a variety of customized financial tools to meet its members’ needs. PenFed serves a diverse population, and no military service is required to join. They are committed to expanding their exceptionally talented team of employees, positively impacting the economic growth and future of our community.

PenFed Credit Union President/CEO James Schenck, former US Air Force Secretary Deborah Lee James, Frank Beatty, Secretary James’ spouse; PenFed Credit Union Chairman Ed CodyLieutenant General Roger Schultz (former Director of the US Army National Guard), General Eric Shinseki (34th Chief of Staff of the Army), PenFed Foundation Chief Operating Officer Bruce Kasold

In addition to becoming a major employer and serving the financial needs of more than 180,000 Virginians, PenFed generously gives back to our community, contributing more than $4 million in the past year alone to veteran programs in Northern Virginia, including the Northern Virginia Technology Council’s Veterans Employment Initiative.

President & CEO James Schenck expressed his vision for the company as follows: “Having a world-class headquarters where people are inspired to come to work with other teammates who care about something bigger than themselves is what sets PenFed apart and makes us one of the best places to work.”

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