Not the destination employer they claim to be - Heloc Processor PENFED Credit Union Employee Review

Micro-management, no transparency, HR was a joke, if you asked hard questions retaliation was common. There is never an easy way to lay off folks but the particular way in which they did so was heartless, no heads up, and they eliminated entire departments. They had told me when I was hired that no one should fear for our jobs because they were a strong stable company and would relocate us before laying us off. That was false. HELOC was incredibly busy during the pandemic up through July 2022. The credit union made its first Billion dollars because of the excess success of HELOCs. They rewarded us not with bonuses but with Tshirts with the company logo mailed to us. Three months of slowed production and they eliminated the entire HELOC department after having 8+ quarters of record breaking profits. This company uses, abuses, and lies about caring for its employees. I was told to not work for this company but they seemed to have changed and convinced me they did. I was wrong to trust them and you would be wrong to trust them too.