PenFed checks into Omaha credit union expansion

OMAHA, Neb. – The Pentagon Federal Credit Union has its sights on Omaha, and it plans to expand its operations in the city this year.

PenFed plans to add positions at its service center, begin branch operations, and hire employees in the areas of IT, finance, mortgage processing, member services, and administrative support.

The credit union places its focus on serving those in the national defense community and those who support them. The growth in Omaha will entail mergers and acquisitions and business development with other credit unions.

PenFed reported it ended 2014 with $963 million in growth.

“We’re excited about this growth period in which we currently find ourselves. It’s not only good for PenFed, but it’s good for our members, employees, and economies of the communities in which we have operations,” said PenFed President and CEO James Schenck.

“Regarding our plans to expand in Omaha, we’ve been a proud part of that community since 1992. From operating a major service center that employs about 400 people to participating in the fun of ‘Pigskin in the Park,’ we’re part of the landscape, but there is definitely room for us to grow. PenFed will need to recruit lots of local talent there. We’ll be especially keen on speaking with members of the local community who have credit union or other financial services experience because I believe they’ll be ready to hit the ground running and grow with us.”

Source: PR Newswire

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Kelley Chambers

Kelley Chambers is a writer and editor with more than 10 years of experience covering news in Oklahoma. He has worked for the The Oklahoman, was editor-in-chief of The Vista at the University of Central Oklahoma, served as writer and later editor-in-chief of okcBIZ magazine,...