PenFed Credit Union, the nation’s second largest federal credit union, today announced Matthew S. Collier as the new Vice President for Business Development. In this role, Mr. Collier will contribute to the strategic growth of the credit union through the development of new business opportunities and through targeted membership growth within current strategic business relationships, focusing on military, military associations, defense contractors, and federal agencies.
“PenFed’s heritage is rooted in serving those who serve our nation,” said James Schenck, President and CEO, PenFed Credit Union. “Matt brings extensive business development experience and a broad network of relationships within PenFed’s core membership in the defense community and federal agencies. With his impressive career in public service, executive leadership roles in corporate America and service in the U.S. Army, Matt possesses proven capabilities to drive strategic business results and help us expand our reach within our core membership communities. I look forward to having Matt on our leadership team.”
Mr. Collier joins PenFed from the U.S. Department of Veterans Affairs where he served as Senior Advisor to the Secretary. Among his many accomplishments was the development and launch of the VA Center for Strategic Partnerships with the purpose of developing sustainable partnerships to improve the lives of veterans and their families.
During his more than 30-year career, Mr. Collier served as President and Chief Executive of publicly traded and privately held companies in the technology and software industries where he consistently grew sales, achieving significant revenue gains and business profitability. Following his service as an Infantry Officer in the United States Army, Mr. Collier served as Chief of Staff for a Member of Congress and was then elected Mayor and Chief Executive Officer of the City of Flint, Michigan.
Mr. Collier will report to Shashi Vohra, Executive Vice President, President of Affiliated Business, PenFed Credit Union. “We are thrilled to welcome Matt to PenFed. PenFed is proud to partner with companies and associations that do business within the defense and federal government communities. Through his relationships and experience, Matt will enable us to expand our value proposition of membership to more people within those eligible communities,” said Mr. Vohra.
Mr. Collier is a graduate of The United States Military Academy at West Point and holds a Master of Public Administration Degree from the John F. Kennedy School of Government at Harvard University.
To learn more about PenFed and membership eligibility, visit PenFed.org.
Matthew S. Collier, Vice President, Business Development, PenFed Credit Union