James Schenck was elected to our Board in August 2016. Mr. Schenck has served as President and CEO of Pentagon Federal Credit Union (PenFed) since 2014. PenFed is one of the largest credit unions in the country, serving over 1.4 million members worldwide; with $20 billion in assets. PenFed offers market-leading mortgages, automobile loans, credit cards, checking, and a wide range of other financial services with its members' interests always in mind.
As part of PenFed's leadership team since 2001, Mr. Schenck has led most of PenFed's operating divisions. Since 2011, he has been Executive Vice President at PenFed and President of its wholly owned subsidiary, PenFed Realty. He also currently serves as CEO of the PenFed Foundation which provides support to military, veterans and their families. He previously served as Chief Operating Officer and Chief Administrative Officer of the credit union.
Prior to joining PenFed, James served on the Army Staff in the Office of the Deputy Chief of Staff for Operations and Plans prior to his selection to serve as a Special Assistant to the Secretary of the Army. He received the Legion of Merit for his contribution to the Army by overseeing the creation of the $453 million dollar Army University Access Online educational initiative. Prior to his assignment to the Pentagon, James taught economics and finance at the United States Military Academy. James is a graduate of the Harvard Business School and West Point.