$20,000 to Local Non-Profits through the Member Impact Fund
Dedicated to sharing the positive impact credit unions have on people and their communities.
Donations Stocked the Shelves of Rancho Coastal Humane Society’s Food Pantry
Dedicated to sharing the positive impact credit unions have on people and their communities.
Giving Back is Part of the Foundation of American 1
Dedicated to sharing the positive impact credit unions have on people and their communities.
American Red Cross Receives $20,000
Dedicated to sharing the positive impact credit unions have on people and their communities.
$17,500 in Scholarships to 12 High School Seniors
Dedicated to sharing the positive impact credit unions have on people and their communities.

PenFed CU Donates $50,000 to Help Senior and Vulnerable Shoppers Cover Grocery Expenses

TYSONS, VA - May 20, 2020 — PenFed Credit Union, the nation’s second-largest federal credit union, today announced the donation of $50,000 to senior citizens and other vulnerable shoppers to help cover their grocery expenses during this challenging time. During designated senior shopping hours in three Safeway locations in the Greater Washington area, PenFed employees surprised shoppers at the register with $100 Visa® gift cards, cloth face coverings and hand sanitizer.

“For 85 years, PenFed has been giving back to the communities in which we serve,” said James Schenck, PenFed Credit Union President and CEO. “Helping vulnerable shoppers cover their grocery expenses is one of the many ways we are helping our neighbors during these unique and challenging times. At PenFed we are committed to supporting our members and our communities every day – not just on sunny days.”

Shoppers in Silver Spring, Md., Southeast Washington, D.C. and Alexandria, Va. during the designated senior shopping hours of 7 to 9 a.m. were greeted by PenFed employees and presented with gift cards, complimentary face masks and hand sanitizer. Video of the delighted shoppers was captured by the PenFed Digital team and can be viewed here.

On hand to assist with distributing the gift cards were PenFed partners and hosts of The Tommy ShowTommy McFly and Kelly Collis.

PenFed also honored essential grocery store employees in all three locations with breakfast from Dog Tag Bakery, a local business that provides valuable work experience for veterans, military spouses and caregivers.

About PenFed Credit Union

Established in 1935, Pentagon Federal Credit Union (PenFed) is America’s second-largest federal credit union, serving over 2 million members worldwide with over $25 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 Twitter. Interested in working for PenFed? Check us out on LinkedIn. We are proud to be an Equal Employment Opportunity Employer.


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