TYSONS, Va., Oct. 22, 2020 /PRNewswire/ — PenFed Credit Union, the nation’s second-largest federal credit union, announced that James R. Schenck, president and CEO of PenFed Credit Union and CEO of PenFed Foundation, received the Economic Education Visionary Award. This award, presented to Schenck by the Council for Economic Education, recognizes individuals who successfully provide resources to equip citizens to make financially literate economic decisions.
“I am humbled to be honored alongside former Federal Reserve Board Chairman Ben Bernanke and Fidelity Personal Investing President Kathleen Murphy,” said Schenck. “At PenFed our mission is empowering members of our community to achieve financial well-being. We believe our nation’s financial institutions have a unique opportunity and responsibility to use their resources and platforms to deliver financial education for people of all ages. Promoting financial literacy should be included in the corporate social responsibility initiatives of financial institutions as well as