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PENFED Credit Union

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PENFED Credit Union

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PENFED Credit Union Reviews

Updated Jun 5, 2023

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Found 795 of over 880 reviews
3.5
69% Recommend to a Friend
PENFED Credit Union President & CEO James Schenck
72% Approve of CEO

Found 794 of over 880 reviews

3.5
69%
Recommend to a Friend
72%
Approve of CEO
PENFED Credit Union President & CEO James Schenck
James Schenck
510 Ratings

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Finance

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Commercial Customer Service Representative

What’s the best way to have a lack of compensation and incentive conversation in your department? I went above and beyond for years doing extra work, organizations etc and nothing has been reflected in pay. I thought my 5 year was going to finally show something but it did not. I’ve inquired about pay but it’s gotten nowhere.

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Finance

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Top Review Highlights by Sentiment

Pros
  • "Good benefits and time off.(in 87 reviews)
  • "Ability to work remotely and good pay.(in 54 reviews)
  • "The organization as a whole is full of great people who want to see you succeed.(in 45 reviews)
  • "Great culture(in 21 reviews)
  • "Friendly workplace, work from home , collaborative team environment, work life balance.(in 17 reviews)
Cons
  • "I got stuck in a department with bad management and was not allowed to change positions, it was terrible,(in 42 reviews)
  • "Upper management is disconnected and dont understand the role and what we have to do or deal with.(in 19 reviews)
  • "Difficult to get promoted if you don't 'fit' in what the senior leadership deem the right option.(in 19 reviews)
  • "This will be much, much more difficult now, as the managers are already overworked and underpaid and cannot take on more training.(in 19 reviews)
  • "There is no training program for anyone outside of a few branches.(in 15 reviews)
Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

Ratings by Demographics

This rating reflects the overall rating of PENFED Credit Union and is not affected by filters.

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  1. 5.0
    Former Employee, more than 5 years

    Good company to work

    May 24, 2023 - Branch Support Representative in Guaynabo, PR
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Opportunities, benefits, 401 k matching percent

    Cons

    Work all saturdays, bussiness hours

    Be the first to find this review helpful
  2. 3.0
    Current Employee

    Make it make sense

    May 27, 2023 - Mortgage Underwriter 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Remote work for the most part / have not experienced micro management

    Cons

    When hired was promised although some departments work 37.5 hours a week that wasn’t the case for mortgage . For the last few months only underwriting has been restricted to work 37.5 hours a week and still expected to hit the same Metrics . Most of the responsibility of the loan falls on us even though 85% of the processors have little to no concept of processing/guidelines or how mortgage in general works. Files are constantly sent incomplete with key pieces of data missing . Unless you ask for something down to the exact wording their management finds a way to blame underwriting. Their work is mostly sloppy and it feels like we are babysitting them most of the time. They’re also allowed to work OT because they’re not able to complete their basic job functions within 40 hours. Updates aren’t communicated - guideline changes/procedures changes outside a general email sent maybe once or twice a month. Pay raises and promotions have been promised and the back peddled more than once for me personally Most of my colleagues log off daily mentally exhausted and riddled with anxiety. Layoffs have happened more than once in 6 months though we were promised it wouldn’t happen after the first time . This really feels like a backfire when they kept hiring last year even though we were adequately staffed .

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  4. 3.0
    Current Employee, more than 3 years

    Could be Better, but Not as Bad

    Jun 5, 2023 - Mortgage Underwriter in Alexandria, VA
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Some of the best employees you'll ever work besides and will become life long friends well after you've left the position.

    Cons

    Management is in sore need of an overhaul.

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  5. 3.0
    Current Employee, more than 1 year

    Great pay, but deal with lots of attitude

    Apr 4, 2023 - Anonymous Employee 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    - $1500 paychecks biweekly - phone calls aren’t the worst, you can be skilled for credit cards, loans, deposit accts - pre-recorded call greeting, which makes calls easier - they offer 4x10 schedules - nice site, free gym, free circle k drinks/slushes/coffee - parking and getting to your desk is easy, site is only 2 stories

    Cons

    - short 10 min breaks - everyone you have to reach out to is always condescending and rude, management doesn’t do anything about it - disrespect is tolerated - not a lot of diversity - not the easiest to get time off approved - hostile work environment - not a lot of room to move up - management doesn’t go in depth in 1:1s or team meetings, always rushing through them

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    PENFED Credit Union Response

    Talent Acquisition Professional

    We value the time you took providing such detailed feedback. Your Human Resources team is here for you, if you would like to further discuss.

  6. 1.0
    Current Employee

    System Issues for Eons

    Mar 13, 2023 - Customer Service Representative 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    The pay and benefits are decent Some managers are amazing and do everything in their power to help you succeed

    Cons

    -The system issues are insane. Reviews tried to warn me and I thought they were exaggerating but they are not. The members call in so angry about the online system and app not working, and you have to take the brunt of it. IT is just as stressed as customer service is -When they are understaffed, managers pressure employees not to use their personal time for restroom breaks due to the call volume -Managers are allowed to make their own metrics for employees that are more strict than the company's metrics -The PTO is divided into sick time and personal, and you absolutely cannot exchange the two and can only use it in increments of 15 min but you don't accrue it in increments of 15. You will have leftover PTO that's hard to work into usable time off -You get paid in 15 min increments and not minute for minute -You need to start signing in at least 10 minutes before your shift starts because it takes that long to log in sometimes but you don't get paid for it -Some managers are very close to upper management and if you get stuck with a micromanager, there is really no one willing to help you - pretty standard for call center environments -Different call centers get different perks, they are not all universal

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    3 people found this review helpful
  7. 3.0
    Former Employee, more than 3 years

    IT system is a joke

    Mar 25, 2023 - Branch Service Representative 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    I have some of the coolest coworker that I hope I’ll stay in contact with, but YMMV Branch hours are much shorter than commercial bank so you’ll have more free time If you aren’t career driven and just want a job to pay bills, this is a great gig

    Cons

    IT: You’ll love the IT system here if you love the 2000’s You will spend up to 5 minutes doing very basic things that took 30 seconds at your previous bank job ‘are we able to process credit card application / loan app today’ is a legitimate questions that get asked once or twice a month in the employee chat because the tech infrastructure just doesn’t work ChatGPT is blocked on company network; they do not embrace current gen technology Sales: There’s no incentive for sales, 50k sales volume or 500k you’ll get paid the same They don’t do mutual funds or insurance in branch so if you’re interested in a career in retail banking this isn’t the place Others: Start at 15 days PTO Managers seems to get bogged down by massive amount of meeting

    Continue reading
    1 person found this review helpful

    PENFED Credit Union Response

    Talent Acquisition Professional

    We appreciate your comments!

  8. 4.0
    Current Employee, more than 3 years

    Great team, corporate okay

    Jun 2, 2023 - Data Analyst in McLean, VA
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Great people to work with, great team, opportunities for mentorship and career building, great work life balance

    Cons

    Really hard to move up the ladder

    Be the first to find this review helpful
  9. 1.0
    Former Employee, more than 1 year

    Disconnected, Egotistic, Incompetent

    Feb 24, 2023 - Anonymous in San Antonio, TX
    Recommend
    CEO Approval
    Business Outlook

    Pros

    - Health benefits - Community volunteer opportunities for resume building

    Cons

    - From Exec leadership to Dept level Mgmt, no genuine care for employees. It’s always about them and no genuine care for you. - Unorganized and sloppy structure with no alignment for growth and industry - Outdated technology with way too many distrusting errors (ask yourselves why so many employees won’t even bank here) - Red flag: no true specialized departments and instead handle a bit of everything

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    7 people found this review helpful

    PENFED Credit Union Response

    Talent Acquisition Professional

    Your feedback is very important to us! Thank you for taking the time to provide thorough comments.

  10. 3.0
    Current Employee, more than 1 year

    Could invest in better IT

    Mar 16, 2023 - Member Service Representative I (MSR I) in San Antonio, TX
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Great pay and benefits. Monthly challenges to motivate performance, rewarded with paid time off.

    Cons

    Employees who are performing above average are forced to work in-office when there's nothing done differently in-office that can't be done at home. For example, team meetings are still held via chat/video instead of in-person. Management isn't always in-person either so if they don't have to be there why should the front-line employees. With so many other companies offering 100% remote work, no wonder they have people not showing up for interviews. So many system issues that cause member & employee frustration that could be improved. Better streamlined processes for getting member information updated.

    Continue reading
    2 people found this review helpful

    PENFED Credit Union Response

    Talent Acquisition Professional

    Thank you so much for your helpful feedback!

  11. 5.0
    Former Employee, more than 1 year

    Great place to work

    May 24, 2023 - Loan Officer Assistant in San Antonio, TX
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Positive atmosphere. Everyone was interested in my goals and helping me to reach them

    Cons

    I had no bad experiences

    Be the first to find this review helpful
Viewing 1 - 10 of 794 Reviews
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PENFED Credit Union Reviews FAQs

PENFED Credit Union has an overall rating of 3.5 out of 5, based on over 880 reviews left anonymously by employees. 69% of employees would recommend working at PENFED Credit Union to a friend and 61% have a positive outlook for the business. This rating has decreased by -7% over the last 12 months.

According to anonymously submitted Glassdoor reviews, PENFED Credit Union employees rate their compensation and benefits as 3.9 out of 5. Find out more about salaries and benefits at PENFED Credit Union. This rating has decreased by -2% over the last 12 months.

69% of PENFED Credit Union employees would recommend working there to a friend based on Glassdoor reviews. Employees also rated PENFED Credit Union 3.7 out of 5 for work life balance, 3.7 for culture and values and 3.5 for career opportunities.

According to reviews on Glassdoor, employees commonly mention the pros of working at PENFED Credit Union to be compensation, coworkers, benefits and the cons to be senior leadership, career development, management.

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Glassdoor has 880 PENFED Credit Union reviews submitted anonymously by PENFED Credit Union employees. Read employee reviews and ratings on Glassdoor to decide if PENFED Credit Union is right for you.