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PENFED Credit Union

Engaged Employer

LAYOFFS - Mortgage Loan Officer PENFED Credit Union Employee Review

2.0
Feb 20, 2023
Recommend
CEO approval
Business Outlook

Pros

Good work environment while it lasted

Cons

CEO runs around the nation on his private jet telling everyone how good they are doing - constantly setting new records and how much they plan to grow - spoke about how important the employees were to him - then put us out on the street with an early morning surprise - Management is about perks like private jets and bettering themselves - they don't really care about anything else

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PENFED Credit Union Response
3y
Thanks for your feedback. We support impacted employees during their transition and treat them with respect and care. We are committed to ensuring that we strategize and walk through each change with soundness and consideration for our employees.

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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