Tag Archives: PenFed Foundation

PenFed Foundaton Helps Veteran in Need

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PenFed Foundation and Humble Design Help a Veteran In Need

Humble Design and PenFed Foundation recently teamed up to furnish a home for a family in need. “No American—particularly one who has served in uniform—should have to go without a place to call home,” said PenFed Foundation President and CEO James Schenck. “There are plenty of organizations such as Humble Design that want to help, and PenFed Foundation is playing a key role by bringing them together to ensure more veterans are able to secure their finances and find safe places to live.”

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Reprinted with permission from The PenFed Foundation. ©2017. All rights reserved.
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Gala Proves the Power of Partnership in Helping Our Nation’s Defenders

PenFed Foundation Joins Forces with Key Partners To Present Awards and Dedicate Resources

ALEXANDRIA, VA, May 12, 2016—In a remarkable and inspirational display of unity and patriotism among government, business and community leaders, the PenFed Foundation honored veterans and their families last night at its annual Night of Heroes Gala.

Medal of Honor recipient retired Army Capt. Florent Groberg at the PenFed Foundation’s Night of Heroes Gala.

Medal of Honor recipient retired Army Capt. Florent Groberg at the PenFed Foundation’s Night of Heroes Gala.

Among the top honorees were Julie Keys, who accepted the Hero at Home award from her son, retired Army Staff Sgt. Adam Keys, and Medal of Honor recipient retired Army Capt. Florent Groberg, who was presented with the foundation’s Military Hero Award.

“I’m very pleased and proud that the PenFed Foundation could play a role in organizing the gala and honoring the award recipients,” said Foundation President and CEO James Schenck. “But it’s important to remember that this event is the result of a profoundly unified effort by many key partners and numerous volunteers. We could never have done this without the generosity and support of our corporate sponsors, local benefactors and dedicated Soldiers and veterans. It’s a dynamic and heartfelt example of what disparate groups can accomplish by joining forces and working together to reach a common and extremely important goal.”

That goal, Schenck said, is to actively and aggressively help military community members secure their financial future by providing active duty military, veterans and their families with the resources they need to improve their lives through programs covering a wide range of financially oriented issues.

The black-tie event—which was planned, organized and executed by a group consisting of 90 percent volunteers—drew 600 military, government and industry leaders nationwide. Nearly every dollar of the record breaking $1.25 million raised last night will go towards helping service members and their caregivers to find the financial security they so thoroughly deserve.

In his remarks, United States Secretary of Veterans Affairs, the Honorable Robert McDonald, stressed the role the VA’s partnership with the PenFed Foundation will play in reaching his goal to enhance service at the VA. “Integrating best practices from private industry can help us reach our goal to make the VA number one for customer service. And we are working closer than ever with the PenFed Foundation.”

Secretary of the Air Force, the Honorable Deborah Lee James thanked the PenFed Foundation for leadership in serving wounded warriors, promoting financial literacy and filling in the gaps in government coverage. “Whether its providing interest-free emergency loans, or support for wounded veterans and their families, helping to purchase a home or free lodging for veterans undergoing treatment at the VA in Palo Alto, California, PenFed has been there,” she said. The evening’s honorees were recognized for their service and sacrifice at home, in the community, and for the nation.

Julie Keys spent more than five years living in a hotel in order to be near Staff Sgt. Keys as he endured multiple surgeries while recovering from wounds received in combat. “I just did what I had to do—what we all would do,” she said. Summing up her tenacity as an advocate for her son, she said, “He’s my child, and I will fight you to give him the very best that you can give him.”

Groberg, reflecting on his combat experience and the Medal of Honor, said, “I’m just honored that I was given the opportunity to serve my country as a Soldier. In a time when our enemies are trying to disrupt our way of life, I had the opportunity to face them and tell them that I’m not going to fold. This medal I wear around my neck could never represent one individual. I hope that for the rest of my life, I get to earn the right to call myself an American.”

Another honoree was Joe Plumeri, vice chairman of the First Data board of directors, who received the Community Hero Award.

“Our country is such an exceptional place,” Plumeri said in accepting the award. “What greater value can we provide to our country than to honor the people who protect us and serve us every day? I will tell you that I have roamed the world. I have had the good fortune to have been at many events in many countries, and believe it or not, things like this [gala] don’t exist any place else. There are no organizations like PenFed that does the things that they do.”

About the PenFed Foundation

Founded in 2001, the PenFed Foundation is a national nonprofit organization committed to helping members of our military community secure their financial future. It provides service members, veterans, their families and support networks with the skills and resources they need to improve their lives through programs on financial education, credit-building, home ownership, and short-term assistance. Affiliated with PenFed Credit Union, the foundation has the resources to effectively reach military communities across the nation, build strong partnerships, and engage a dedicated corps of volunteers in its mission. The credit union funds the foundation’s personnel and most operational costs, demonstrating its strong commitment to the programs the foundation provides. To learn more, visit: www.penfedfoundation.org.

 

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 PenFed.org.