PenFed announces site purchase and expansion in the Dallas region
Nation’s second-largest federal credit union to expand and create mortgage servicing jobs in the Dallas region
TYSONS, VA (April 5, 2019) — PenFed Credit Union today announced its expansion into the Dallas Region and the purchase of a site located at 4875 Preston Rd., Frisco, Texas for its new mortgage servicing center. PenFed’s expansion into the region will create approximately 30 new jobs.
“PenFed is proud to make Frisco home to our new mortgage servicing center, create new jobs and expand into a city with skilled financial professionals and a large military population,” said James Schenck, President and CEO of PenFed Credit Union, and CEO of the PenFed Foundation. “We look forward to growing PenFed’s business throughout Texas for years to come.”
PenFed has leased office space in two Plano buildings for the last several years and purchased the 50,000-square-foot Frisco site with 9,500 square feet of office space allowing for a permanent location. The PenFed mortgage servicing team will move to the new Frisco building, while the PenFed mortgage operations team will relocate to the recently purchased San Antonio Regional Financial Service Center. PenFed is providing all relocating employees with relocation compensation and time-off to complete the move.
“PenFed’s expansion in the Dallas region allows us to best support our members,” said Winston Wilkinson, PenFed Executive Vice President and President of Mortgage Banking. “A mortgage is a long-term relationship, and at PenFed we are committed to servicing all of our loans and providing our members with the best experience.”
PenFed recently expanded its Texas footprint by purchasing and opening its San Antonio Regional Financial Service Center that will create over 500 new jobs including management positions in research, mortgage and loan operations, financial service center operations, collections, information technology and human resources.
About PenFed Credit Union
Established in 1935, Pentagon Federal Credit Union (PenFed) is America’s second-largest federal credit union, serving 1.8 million members worldwide with $25 billion in assets. Our mission is to help members reach their financial potential. 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.