PenFed Credit Union Employees Join Forces to Build Home for Veteran Through Habitat for Humanity

On January 6, 2025, employees from PenFed Credit Union, the second-largest federal credit union in the nation, engaged in a meaningful community service project by volunteering their time and skills to build a home for a veteran through Beaches Habitat for Humanity. This initiative is part of a larger effort to create affordable housing opportunities for veterans in the Atlantic Beach area of Florida.

The home being constructed will become part of the Coastal Haven community on Mayport Road, which aims to provide quality housing for those who have served in the military. PenFed Credit Union President and CEO James Schenck expressed pride in the initiative, emphasizing the importance of community collaboration and support for veterans: "It really takes a dedicated team of volunteers coming together to build the home for it to be affordable. Everyone deserves a place to live, especially our nation's heroes."

The volunteer day saw a significant turnout, including PenFed's executive leadership team and members of the home mortgage team who came together to lend a hand at the construction site located at 2150 Mayport Road, Jacksonville. Upon completion, the newly built home will be sold to a retired Navy veteran at a price that is manageable for their budget. This aligns with PenFed's mission and commitment to serving the military and defense communities, as they have previously sponsored similar projects, including one in Washington D.C.

Winston Wilkinson, the Executive Vice President of Residential and Commercial Real Estate and President of Mortgage Banking at PenFed, highlighted the passion of PenFed employees for supporting both their members and the local Jacksonville community. "Beaches Habitat for Humanity's work aligns with our mission to deliver financial value to help our members achieve their dreams," he stated.

Steve Gilbert, President and CEO of Beaches Habitat for Humanity, also expressed excitement about collaborating with PenFed Credit Union. "We are very grateful for PenFed's strong support of our Veterans Build Home which is one of the first houses to be built in this community. PenFed is helping fund the construction of this home for a qualified, local veteran in need of affordable housing. Together we are serving those who served," Gilbert said.

PenFed, established in 1935, has a long history of providing financial services and supporting military communities. With over 2.8 million members and more than $32.7 billion in assets, PenFed offers a range of financial products aimed at enhancing the financial well-being of its members. This recent initiative not only underscores PenFed's commitment to affordable housing but also highlights their dedication to volunteerism and community service.

As news of the build spreads, it showcases the positive impact that organizations can have on their local communities, especially for those who have served in the military. By participating in such projects, companies like PenFed not only give back to those in need but also inspire their employees and partners to engage in meaningful community service activities. Video footage from the project can be found on PenFed's platforms, allowing greater visibility to this worthy cause and encouraging others to participate in similar initiatives.

For more information about PenFed Credit Union and its services, or to understand they are actively seeking volunteers for future projects, interested parties can visit their website or social media channels. The company's commitment to social responsibility remains a cornerstone of its operations, serving as a beacon of hope for veterans and others in need of support.

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