PenFed Credit Union President and CEO James Schenck today announced the promotion of two top executives who are leading the future of PenFed:
- Lisa Jennings, currently Senior Executive Vice President, has been promoted to First Senior Executive Vice President;
- Shashi Vohra, currently Executive Vice President and President of Affiliated Businesses, has been promoted to Senior Executive Vice President and President of Affiliated Businesses.
"It gives me great pleasure to promote from within our ranks," said Schenck. "These two accomplished leaders have an average tenure of 36 years with PenFed. Lisa and Shashi have the breadth and depth of experience to lead the business forward. They epitomize the PenFed culture of selfless leadership and commitment to our mission, to our members, and to our partners."
Jennings, who has been with PenFed for 34 years, will be responsible for corporate strategy and policy, the credit risk group, human resources, corporate security, and enterprise data and business intelligence. In addition, a new group will be added to strategy and policy: the Corporate Project Management Office (PMO).
Jennings has previously held positions of Executive Vice President & Chief Operating Officer, Executive Vice President & Chief Financial Officer, and the Chief Audit Executive at PenFed. She is a graduate of George Mason University (B.S.), a Certified Public Accountant in the Commonwealth of Virginia, and a member of the American Institute of Certified Public Accountants.
Vohra, who has been with PenFed for 38 years, will be responsible for marketing, corporate and business development, all consumer loans and deposits, and all affiliated businesses including Berkshire Hathaway Home Services PenFed Realty, PenFed Title, and CU Rate Reset. In addition, Vohra will oversee PenFed's digital transformation and establish a new division of commercial banking.
Vohra previously served in a number of roles at PenFed including Vice President of Accounting/Controller for 14 years during which he managed the financial affairs of the company, including the implementation of multiple financial software applications. He was CFO for the Credit Union Service Organizations (CUSOs) and the PenFed Foundation. Vohra earned his Bachelor's and Master's degrees in Accounting from India. He is a Certified Public Accountant (CPA) in the Commonwealth of Virginia and member of the American Institute of Certified Public Accountants.
Jennings and Vohra's promotions will take effect August 11. In the coming weeks, Schenck plans to announce several additional executive appointments.
About PenFed Credit Union
Established in 1935 as the War Department Credit Union, Pentagon Federal Credit Union (PenFed) is America's second-largest federal credit union, serving 1.7 million members worldwide with $23.5 billion in assets. Our mission is to help members reach their financial potential. 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. We have a proud history of serving those in the Armed Forces, Department of Defense, Department of Homeland Security, Military Associations, eligible veterans and retirees, and their families. You may also qualify through membership in select organizations within our field of membership. PenFed Credit Union is federally insured by the NCUA and is an equal housing lender. To learn more about PenFed Credit Union, visit PenFed.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.
