Pentagon Federal Credit Union celebrated the New Year by adding $963 million in growth, bringing total assets for the Alexandria, Va.-based institution to $17.8 billion.
PenFed, which serves 1.3 million members of the national defense community and those who support it, said it plans to expand its operation in 2015 in Florida's panhandle to better serve Eglin Air Force Base.
The credit union said it will add positions to its Niceville, Fla., branch location with plans to hire employees in the areas of IT, finance, mortgage processing, member services, real estate and administrative support. It will also open a new branch in the area.
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The growth plans for Eglin also include mergers and acquisitions, and the development of business partnerships with other credit unions in the area, PenFed announced Jan.12.
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