PenFed attracts record number of summer interns

Class of 2018 interns surprise PenFed leaders with donation of a portion of their salaries to the PenFed Foundation

SAN ANTONIO, VA (June 7, 2018) — A record 3,300-plus students applied for the opportunity to intern at PenFed, the nation’s second largest federal credit union. Attracting talent from top schools all over the country, 32 undergraduate and three graduate school students were selected to intern at PenFed’s Tysons headquarters and other PenFed locations in the Greater Washington, DC area. Several of the students are returning interns.

The interns surprised PenFed leaders attending their kick-off event with an unexpected donation of a portion of their first paychecks to the PenFed Foundation, demonstrating their inspiration from and shared beliefs in PenFed’s commitment to support charitable organizations and the communities in which it serves.

“The choices we make on a daily basis is what makes us successful,” PenFed President and CEO James Schenck said in his welcome remarks to the interns. “There is greatness in each of you,” he continued asserting his belief that every intern is going to make a positive impact for PenFed during their summer tenure. Schenck celebrated the diversity between the 18 different schools that were represented in the room, reminding the interns that they truly are “a team of teams.”

PenFed donates at least 2% of its earnings each year to nonprofits, with an emphasis on those which help wounded servicemen and women.  Last week, Schenck was awarded Large Business Philanthropist of the Year from Volunteer Alexandria for the work PenFed and Schenck do in its communities.

PenFed’s 2018 intern class with James Schenck (sixth  from left front row) and  PenFed Executive Vice President and CFO Denise  McGlone (fifth from left front row).

Intern Jaren Snyder presents donation check to the PenFed Foundation. Pictured left to right: James Schenck, Denise McGlone, Snyder and Joyce Koonce, PenFed Talent Acquisition Director.

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, 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.


Abagail Chambers
Account Coordinator
+1 724 366 0397

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