TYSONS, Va., June 15, 2017 – PenFed Credit Union has been recognized by the United States Treasury’s financial intelligence unit for award-winning compliance efforts that led to successful prosecution of a significant criminal case.
The Financial Crimes Enforcement Network (FinCEN) was established as a bureau of the United States Department of the Treasury by the USA PATRIOT Act. FinCEN serves as the U.S. government’s financial intelligence unit. FinCEN’s mission is to safeguard the financial system from illicit use and combat money laundering and promote national security through the collection, analysis, and dissemination of financial intelligence and strategic use of financial authorities. To fulfill that mission, FinCEN established two strategic goals: 1) Safeguard the financial system from evolving money laundering and national security threats; 2) Maximize sharing of financial intelligence between FinCEN and its domestic and foreign partners in government and private industry.
Established in 1935 as the War Department Credit Union, PenFed Credit Union is one of the largest credit unions in the country, serving over 1.6 million members worldwide with more than $22.8 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 its 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, 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 Opportunity Employer: M/F/V/D.