Poor Leadership and lack of Growth - Underwriting PENFED Credit Union Employee Review

1.0
30 July 2024
Recommend
CEO approval
Business outlook

Pros

Option to work remotely and 37.50 work week

Cons

Most of leadership hopped over to Penfed from USAA. Hard to discern what is actually Penfed values/culture. The only time we hear from Underwriting leadership is during virtual town halls and layoffs. Underwriting leadership (Directors and Head of UW) is a complete catastrophe and requires a complete overhaul. Get rid of them all and start fresh. Outdated technology, horrible piecemeal training, extremely poor leadership, left doesn't know what right is doing, Penfed Mortgage Ops is unstable and won't be around much longer. Do yourself a favor and don't work for Penfed.

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PENFED Credit Union Response
1y
We appreciate your transparency. Thank you for taking the time to leave a detailed comment.

Explore other reviews about PENFED Credit Union

5.0
25 Mar 2026
Recommend
CEO approval
Business outlook

Pros

Awesome place and people - complex and large finance operation and balance sheet yet still small enough to make an impact and build up solutions from the ground floor - creative place!

Cons

Sometimes can be stretched for more resources

2.0
6 June 2026
Recommend
CEO approval
Business outlook

Pros

Helping members financially get through tough times.

Cons

Rigid policies that make no sense, a lack of common sense when it comes to new products and services, inability to think like a credit union.

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