PenFed Credit Union and American Red Cross Host Greater Washington Area’s First Corporate-Sponsored Blood Drive Since Easing of Virginia’s Stay-at-Home Orders

To Honor PenFed’s Recent 85th Anniversary, PenFed is Encouraging Employees to Donate at Least 85 Pints of Blood and Save 255 Lives


PenFed Credit Union President/CEO and PenFed Foundation CEO James Schenck donates blood as part of a corporate-sponsored blood drive at PenFed corporate headquarters in Tysons, Va., Friday, June 12.


TYSONS, Va., June 15, 2020 – PenFed Credit Union, the nation’s second largest federal credit union, along with American Red Cross, hosted the Greater Washington Area’s first corporate-sponsored blood drive since the easing of Virginia’s stay-at-home orders Friday, June 12 at PenFed’s Tysons headquarters. The event is part of a larger drive for PenFed employees to donate at least 85 pints of blood in honor of PenFed’s recent 85th anniversary.


“Our nation faces a severe blood shortage due to an unprecedented number of blood drive cancellations in response to COVID-19, and PenFed employees are stepping up to meet this need,” said PenFed Credit Union President/CEO and PenFed Foundation CEO James Schenck. “At PenFed, we believe that giving back to our local communities is an important part of doing business and we are proud to support the American Red Cross and their vital mission. It’s more important now than ever to donate blood and save lives”


The donated blood will be used to help patients of all ages: accident and burn victims, heart surgery and organ transplant patients, and those battling cancer. Each donated pint of blood can save up to three lives. The blood donated at PenFed’s 85th anniversary blood drives will save at least 255 lives.



In total, PenFed employees and colleagues in the Greater Washington Area donated 28 pints. Future events are being scheduled in PenFed offices and financial centers throughout the country to reach or surpass the goal of 85 total donated pints.


“We deeply appreciate the support of PenFed. What an incredible way to celebrate and commemorate 85 years of service. Every two to three seconds in this country, a patient needs blood or some type of blood product,” said Regina Boothe Bratton, American Red Cross external communications manager. “Because of partners like PenFed, the Red Cross can continue to carry out its mission to support those in their greatest time of need.” 


About PenFed Credit Union

Established in 1935, Pentagon Federal Credit Union (PenFed) is America’s second-largest federal credit union, serving over 2 million members worldwide with over $26 billion in assets. PenFed Credit Union offers market-leading certificates, checking, credit cards, personal loans, mortgages, auto loans, student loans, and a wide range of other financial services with members’ interests always in mind. PenFed Credit Union is federally insured by the NCUA and is an Equal Housing Lender. To learn more about PenFed Credit Union, visit, 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.