PenFed Credit Union, the nation's second largest federal credit union, today celebrated the grand opening of its new West Point Army and Air Force Exchange Services (AAFES) Branch and presented a donation to West Point's Cyber Research Center.

At a public ribbon-cutting ceremony in the main foyer of the Exchange, PenFed's President and CEO, James Schenck, a 1988 graduate of the U.S. Military Academy at West Point, presented a $25,000check on behalf of PenFed to the West Point Association of Graduates.

"PenFed is honored to expand our commitment to bring convenient, best-in-class financial services to all members of the U.S. Military Academy: leaders, faculty, cadets, graduates, and the entire campus community," said Mr. Schenck. "Our mission here is to help the next generation of military leaders do better financially."

Whenever PenFed opens a new branch, Schenck said, "Our commitment to the community goes far beyond financial services. PenFed is also committed to serve as a community leader through charitable giving. That is why, in honor of this branch opening, we are donating to the West Point Cyber Research Center. PenFed is proud to support the Cyber Research Center in its critical mission to 'train the cadets who will soon be leading the Army's soldiers against cyber threats and terrorism.'"

For 83 years, Schenck said, "PenFed has served the brave men and women who fight and win our nation's wars. Now with this branch and this donation, we plan to continue serving those brave men and women on West Point for many years to come."

Already, West Point Branch Manager Tim Hordych said, "There has been a very strong, positive response to PenFed's presence in the Exchange mall. Many of our members have commented on how convenient this location will be for them. PenFed members now enjoy all aspects of truly convenient, one-stop shopping that is available at the Exchange with the addition of this new branch."

The branch space incorporates an open floor plan with interactive member-teller cash recycler kiosks and community board screens. The new location will employ four staff members, which will include a loan officer and a financial Advisor registered through CUSO Financial Services, L.P., at PenFed Wealth Management*.

The hours of operation for the PenFed West Point AAFES Branch are Monday through Friday from 9 a.m. until 5 p.m. Saturday hours are now available from 9 a.m. until 3 p.m. The branch is located in the West Point Exchange at 1204 Stony Lonesome Road, West Point, New York.

Distinguished guests attending the grand opening included:

• PenFed Vice Chairman of the Board of Directors, Walter Fairbanks;
• PenFed COO, Executive Vice President, and President of M&A Integration and Payment Systems, Kevyn Myers;
• PenFed Executive Vice President of Global Fixed Assets, Rocky Mitchell;
• PenFed Executive Vice President and General Counsel, Scott Lind;
• PenFed Vice President of Branch Operations, Derrick Harris;
• PenFed Director of Branch Operations Monica Brooks;
• West Point Garrison Commander Col. Andrew S. Hanson;
• West Point Association of Graduates President and CEO Todd Browne; and
• West Point Cyber Research Center Director Lt. Col. Michael Lanham.

*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. ("CFS"), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. Pentagon Federal Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members. PenFed Wealth Management is the marketing name for nondeposit investment products and services provided at Pentagon Federal Credit Union through CFS.

About PenFed Credit Union

Established in 1935 as the War Department Credit Union, PenFed Credit Union is America's second-largest federal credit union, serving over 1.6 million members worldwide with $23 billion in assets. Our long-standing mission has been to provide superior financial services in a cost-effective manner, while being responsive to members' needs. PenFed Credit Union offers market-leading mortgages, automobile loans, credit cards, student loans, checking, certificates, and a wide range of other financial services with members' interests always in mind. PenFed Credit Union serves a diverse population, and no military service is required to join. PenFed Credit Union offers many paths to membership, including numerous employee groups and association affiliations. PenFed Credit Union is federally insured by the NCUA and is an equal housing lender. To learn more about PenFed Credit Union, visitPenFed.org, like us on Facebook and follow us @PenFed on Twitter. Interested in working for PenFed? Check us out on LinkedIn. We are proud to be an Equal Employment Opportunity Employer.