“PenFed is proud to serve the Ponce network and the entire people of Puerto Rico,” said James Schenck, president and ceo of PenFed Credit Union and ceo of the PenFed Foundation.”The most productive way to serve Puerto Rico is to create jobs and others achieve better economic results.PenFed continues to invest in Puerto Rico’s resilient population.”
The new monetary center creates 11 jobs in the Ponce network and provides tens of thousands of citizens in south-central Puerto Rico with some of the most productive rates of checks, savings, certificates and loans across the United States.The square foot monetary center represents a $1.9 million investment in the Ponce network.