ALEXANDRIA, Va.– Volunteer Alexandria has announced its 2018 community award winners, and they include James Schenck of PenFed Credit Union.
The awards will be presented at the 20th annual Alexandria Business Philanthropy Summit on Wednesday, May 30th.
Schenck and PenFed are being recognized in the 2018 Large Business Philanthropist of the Year category.
PenFed Credit Union has long been a part of the Alexandria community. The credit union made its headquarters in Alexandria from 1982-2016, and the PenFed Foundation is still headquartered in Alexandria along with 250 employees of the credit union.
Schenck is an active volunteer for the PenFed Foundation that changes the lives of military families by helping veterans heal wounds, pay bills, own homes, and start businesses. Under Mr. Schenck’s leadership, PenFed is dedicated to supporting Alexandria and its citizens. In 2017, PenFed donated $4 million to organizations that support military families, including the Military Officers Association of America and Bunker Labs in Alexandria. MOAA received $75,000 to assist veterans with financial literacy, while Bunker Labs received $15,000 to present educational sessions for veteran entrepreneurs.
Other PenFed donations helping members in our community include the Kennedy Center’s free concerts for military families, accessible homes built by the Gary Sinise Foundation and Serve Our Willing Warriors, and veteran employment initiatives of the US Chamber of Commerce and Northern VA Technology Council.