Member-owned credit union serving 2.8M+ with lending, savings, and cards nationwide
PenFed is a federally insured credit union operating at scale—2.8 million members, $30 billion in assets—with a tech stack anchored in legacy financial systems (COBOL, Assembler, PeopleSoft) and modern marketing/analytics tools (Salesforce, Tableau, Sprout Social). Active adoption of Python, R, and Snowflake alongside existing BI infrastructure signals a data modernization push, while heavy hiring in finance and sales (49 of 112 open roles) reflects growth in loan origination and member acquisition channels.
Notable leadership hires: Chief Marketing Officer
PenFed Credit Union, established in 1935, serves members across all 50 U.S. states plus Guam, Puerto Rico, and Okinawa. The organization operates as a nonprofit, member-owned institution offering loans, savings accounts, and credit card products. With 2.8 million members and $30 billion in assets under management, PenFed functions as a regional financial services platform open to membership nationwide. Current operational priorities include developing pricing frameworks, standardizing loan models, building attribution reporting capabilities, and addressing agent recruitment and retention challenges in their loan origination channel.
PenFed serves 2.8 million members across all 50 states plus U.S. territories, with $30 billion in assets under management as of the most recent data.
PenFed runs legacy banking systems (COBOL, Assembler, PeopleSoft) paired with modern tools: Salesforce, Tableau, Python, R, Snowflake, and marketing platforms (Sprout Social, Hootsuite). The stack reflects ongoing data modernization.
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