Pentagon Federal Credit Union

Pentagon Federal Credit Union, commonly known as PenFed Credit Union, is a United States federal credit union headquartered in McLean, Virginia. Established in 1935, its mission is to deliver financial value and empower its members to achieve their financial dreams. PenFed is chartered and regulated by the National Credit Union Administration (NCUA) and has grown to become one of the nation's largest federal credit unions.

PenFed offers a comprehensive suite of financial products and services, including checking and savings accounts, credit cards, mortgages, auto loans, personal loans, home equity loans, and certificates. While initially serving military and defense-related communities, PenFed has expanded its membership to be open to everyone nationwide. As of December 2023, it served nearly 2.8 million members worldwide with assets of $34.8 billion.

Under the leadership of President and CEO James Schenck, PenFed Credit Union reported strong financial performance in the first quarter of 2026, demonstrating increased earnings, capital, and liquidity. The credit union is actively leveraging AI-driven partnerships to enhance the member experience and maintain its competitive market positioning. PenFed also engages in community support through its PenFed Foundation, which aids military service members, veterans, and their families.