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PENFED Credit Union

Engaged Employer

Worst career move ever, look elsewhere! - Anonymous employee PENFED Credit Union Employee Review

1.0
Mar 5, 2017
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Nice workspace in Tyson's, Excellent charity work. Great place to be a consultant as they have zero vendor management and pay on time. Great place to recruit the competent people if you know where to look (Hint, don't bother with the SVP or higher level, unless you're looking to short a company and want to guarantee your investment).

Cons

Inexcusable destruction of people's lives, both employees and members. Incompetent management, Worst in class execution of business practices. The company performs at a 20-25% level of potential. Oh and did I mention, flat out racism. There are no minorities above VP except for the token EVP of global fixed assets. Any minority will be managed out strategically because it's a white world. The women at the top are wretched and will ensure to hurt you and destroy your career if you reveal their incompetence. Branches are losing 25 employees a month and the growth is done solely by acquisition. Therefore anywhere you come in, you're inheriting problems and will be made a scapegoat if you're competent and disagree, so you're better off not joining. High turnover and wage disparity by race and gender. Great place to sue, as they are too bull headed to change and too incompetent to cover up.

Explore other reviews about PENFED Credit Union

5.0
Mar 25, 2026
Recommend
CEO approval
Business Outlook

Pros

Awesome place and people - complex and large finance operation and balance sheet yet still small enough to make an impact and build up solutions from the ground floor - creative place!

Cons

Sometimes can be stretched for more resources

2.0
Mar 16, 2026
Recommend
CEO approval
Business Outlook

Pros

Great staff and middle management. Good benefits and facilities.

Cons

Upper Management - same tune as all the other reviews. This place is full of great people who don't know they are great. It's also full of bad leaders who think they are great. Unfortunately, the best performers are often rewarded with carrying the burden of underperformers and non-contributing leaders. In certain teams there is very limited in upward mobility. They are slow to weed out low performers and ineffective managers. All in, strong performers and high achievers might find this place frustrating. This is a place for those who like to coast through.

3
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PENFED Credit Union Response
3mo
Thank you for sharing your feedback. We appreciate your recognition of our people and benefits, and we value input that helps inform us of our ongoing improvement efforts. We wish you the best in your future endeavors.
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