PenFed Credit Union Grows Earnings, Capital and Liquidity While Improving Credit Quality Through the First Quarter of 2026
PenFed's Unified Digital Banking Platform Drives Performance TYSONS, Va. , April 30, 2026 /PRNewswire/ -- PenFed Credit Union , one of the nation's largest federal credit unions, reported continued increases in capital and liquidity, earnings growth and improved credit quality through the first quarter of 2026. "PenFed's first quarter results demonstrate the strength of our member focus, digital banking, and disciplined lending strategy," said James Schenck, PenFed President and CEO. "Strong quarterly net income was driven by robust member demand and competitive pricing, as well as improved operating performance and credit discipline. PenFed's AI-driven partnership with Salesforce is fueling PenFed's success in enhancing the member experience and contributing to our ability to ... Full story available on Benzinga.com
