PenFed Credit Union, the nation's second-largest federal credit union, today announced it was named a "Top 50 Best Company for Latinas to Work" by LATINA Style Inc. for the fourth year in a row. The annual list evaluates corporations on issues deemed most important to LATINA Style readers and includes Latina promotions, recruitment, retention, and increase in the number of Latina employees at the company. The top 50 companies are then chosen based on their evaluations from the past year.
"We are honored to be recognized again for our efforts in continuing to advance Latinas at PenFed and in the communities where we live and work," said PenFed Credit Union President/CEO and PenFed Foundation CEO James Schenck. "PenFed would not be where it is today without our Latina employees who help us improve the finances of our members, including our many Spanish-speaking members."
PenFed operates a Bilingual Service Center in Fort Hood, Texas and is opening another Bilingual Service Center in Guaynabo, Puerto Rico in October 2022. PenFed currently employs bilingual service agents throughout the United States and Puerto Rico. Over the past five years, PenFed has more than tripled the number of Hispanic employees. PenFed now employs more than 530 Hispanic employees and serves more than 300,000 Spanish-speaking members.
In addition to serving Spanish-speaking employees and members, PenFed supports Hispanic communities through charitable donations. PenFed donates up to 2% of its annual net income to charitable organizations, including many that improve the lives of Latinas and Latinos.
Within the last five years, PenFed donated more than $1 million and hundreds of thousands of volunteer hours to Hispanic causes, including the Greater Washington Hispanic Chamber of Commerce to aid the success of Hispanic businesses in the Washington D.C. area.