TYSONS, Va.—PenFed Credit Union was honored by the Greater Washington Hispanic Chamber of Commerce with the Corporate Community Anchor Award for its contributions and support to the Hispanic community during GWHCC’s annual gala.
“Receiving the Corporate Community Anchor Award from the Greater Washington Hispanic Chamber of Commerce is a great honor for PenFed,” said PenFed Credit Union President/CEO and PenFed Foundation CEO James Schenck. “Our 3,200 financial professionals at PenFed feel proud to serve the Hispanic community in Greater Washington and all across our nation.”
PenFed was selected for the Corporate Community Anchor Award by an advisory group of Greater Washington business veterans.
“PenFed and the great leaders of the Greater Washington Hispanic Chamber of Commerce believe the best way to support the Hispanic community is by creating jobs,” said Schenck. “Thanks to the Chamber, the Hispanic community is the fastest growing and most vibrant community in Greater Washington.”
Since 2016, PenFed said it has raised its percentage of Hispanic employees from 8% to nearly 20%. During the pandemic, when many firms were laying off employees, PenFed continued to hire and retain top talent. Even through the pandemic, PenFed’s retention rate of Hispanic employees remained at 97%.
Each year from 2018 through 2021, PenFed noted it earned recognition from LATINA Style as a Top 50 US Employer for Latinas. The annual list evaluates corporations on issues deemed most important to LATINA Style readers and includes Latina promotions, recruitment and retention, and increase in the number of Latina employees at the company.
“PenFed’s Hispanic teammates are a tremendous asset to our workforce, and we are proud to have more than tripled our number of Hispanic employees in the past five years,” said PenFed EVP of Consumer Banking & Strategy Ricardo Chamorro. “PenFed now employs more than 530 Hispanics and we proudly serve more than 300,000 Spanish-speaking members.”
PenFed donates up to 2% of its annual net income to charitable organizations, including over $1 million and hundreds of thousands of volunteer hours to Hispanic organizations since 2014.