This foundation exists because the financial needs of vets aren’t being met

"Very simply, the PenFed Foundation exists because there are real financial needs facing America's veterans and their caregivers that, frankly, are not currently being met," says James Schenck, PenFed Credit Union and PenFed Foundation President …
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By Ward Carroll

Updated on Oct 22, 2020

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“Very simply, the PenFed Foundation exists because there are real financial needs facing America’s veterans and their caregivers that, frankly, are not currently being met,” says James Schenck, PenFed Credit Union and PenFed Foundation President and CEO

The PenFed Foundation has four key programs to assist with veteran financial well-being:

  • Military Heroes Fund – Focused on keeping a medical emergency from becoming a financial one
  • Asset Recovery Kit -Offers interest-free loans and financial counseling to break the cycle of payday lending
  • Dream Makers – Providing closing cost assistance and other help to allow vets to realize the American dream of home ownership
  • Defenders Lodge -Safe, no-cost hotel for outpatient veterans and their caregivers at Palo Alto, CA’s VA Med Center

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