Monthly Archives: October 2015

PenFed Foundation Raises $570,000 to Support Troops and Veterans

ALEXANDRIA, VA (September 29, 2015) — The PenFed Foundation teamed up with nearly 100 corporate and community partners to raise over $570,000 in support of programs for troops, veterans and their families with its Military Heroes Golf Classic at Bethesda, MD’s storied Congressional Country Club Monday.

“This event is a wonderful way to support our nation’s defenders—past and present, who at one time or another took an oath to support and defend the Constitution of the United States of America, which guarantees the freedoms we enjoy today. We simply cannot thank our troops, veterans and their families enough,” said PenFed Foundation President and CEO, James Schenck.

The Foundation’s Vice President and Executive Director, Tammy Darvish, spearheaded the sponsorship drive. “The teamwork between the PenFed Foundation and the senior executives from PenFed Credit Union helped trigger an outpouring of corporate giving,” she said. We’ve all developed some great business relationships over the years, and when we called on them to support the troops, they answered with amazing generosity.”

Darvish noted that among the many active duty and veteran participants there were dozens of wounded warriors. “The tournament is a great way to honor, support and celebrate our nation’s defenders through a day of fun and friendly competition. Our corporate partners also got the opportunity to connect directly with wounded troops and other members of the military community which our Foundation serves,” she said.

PenFed Credit Union’s Chairman of the Board, Edward Cody, credited the Foundation and its corporate and community partners with hosting a successful fundraising event that will play a key role in meeting critical needs of those in the military community. “It’s heartwarming to see this level of support for our troops, veterans and their families,” he said. “The needs are great, but organizations like the PenFed Foundation work miracles every day for those who have sacrificed in the name of freedom.”

PenFed Credit Union provides two million dollars annually to the PenFed Foundation. This annual disbursement covers 100% of the Foundation’s personnel costs and most of its operating expenditures. As a result, the PenFed Foundation will be able to channel the majority of the golf tournament’s proceeds to directly benefit the military community it serves.


About PenFed Credit Union

Established in 1935 as the War Department Credit Union, PenFed is one of the largest credit unions in the country, serving 1.3 million members worldwide; with nearly $18 billion in assets. Its long-standing mission has been to provide superior financial services in a cost effective manner, while being responsive to members’ needs. PenFed offers market-leading mortgages, automobile loans, credit cards, checking, and a wide range of other financial services with its members’ interests always in mind. PenFed serves a diverse population, and no military service is required to join. We offer many paths to membership, including numerous employee groups and association affiliations. It’s easy to apply. We invite you to come see why you belong at PenFed Credit Union. PenFed is federally insured by the NCUA and is an equal housing lender. PenFed does business in accordance with the Federal Fair Housing Law, the Equal Credit Opportunity Act, and is a member of NAFCU. To learn more about PenFed Credit Union and its Foundation visit