Area Leaders Celebrate PenFed’s New Headquarters in Tysons
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Area Leaders Celebrate PenFed’s New Headquarters in Tysons

PenFed Credit Union Chairman Ed Cody, PenFed Credit Union Board Member Ron Spear, U.S. Rep. Barbara Comstock (R-10, PenFed Credit Union President/CEO James Schenck.

PenFed Credit Union Chairman Ed Cody, PenFed Credit Union Board Member Ron Spear, U.S. Rep. Barbara Comstock (R-10, PenFed Credit Union President/CEO James Schenck. Photo contributed

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PenFed Credit Union President/CEO James Schenck, former US Air Force Secretary Deborah Lee James, Frank Beatty, Secretary James’ spouse; PenFed Credit Union Chairman Ed Cody.

Several hundred local business, political, community and military leaders joined PenFed Credit Union Tuesday evening, Jan. 24 to inaugurate its new headquarters in Tysons Corner.

The state-of-the-art facility will accommodate the country’s second-largest federal credit union’s rapidly growing business and employee base. PenFed manages $21.3 billion in assets and employs more than 800 people in the Washington, DC metro area. Last year, PenFed hired 348 people in the DC area. The $180 million new headquarters at 7940 Jones Branch Drive will accommodate up to 500 employees and provides PenFed with room to grow over the next 15 years as a major employer in Virginia.

Northern Virginia’s 10th district Congresswoman Barbara Comstock was among those in attendance who spoke at the event.

To learn more about PenFed Credit Union, visit PenFed.org