Honoring Bill Siegert: 25 Years of Service to PenFed
Recognizing a Legacy of Service at PenFed
In an inspiring demonstration of commitment and dedication, Bill Siegert, a retired U.S. Army colonel, has celebrated 25 remarkable years as a director of the PenFed Credit Union board. Since 1999, his unwavering support for the military value system has been pivotal to the ethos of PenFed Credit Union, which stands as the second-largest federal credit union in the nation.
The Impact of Bill Siegert on PenFed Foundation
Beyond his crucial role on the credit union's board, Siegert has been an essential figure in the establishment of the PenFed Foundation. Founded in 2001, this foundation has worked tirelessly to support military service members and veterans by providing crucial resources, education, and financial support. His leadership spanned crucial years, serving as vice chairman and chairman from 2011 to 2016, and now as secretary on the board.
Dedication to Community and Veterans
Bill's impact on the community is profound. He led a significant capital project for the PenFed Foundation, resulting in the construction of the $12 million Defender's Lodge located near the Veteran's Administration Polytrauma Hospital. This dedicated facility has provided free lodging to over 15,000 veterans annually, highlighting PenFed's mission to empower and uplift military families.
Partnership to Combat Veteran Homelessness
During his tenure as chairman, Siegert worked closely with the Department of Veterans Affairs (VA). This partnership focused primarily on preventing homelessness among veterans, providing emergency financial assistance to those facing sudden difficulties. The foundation played a critical role, offering essential aid for utilities, rental deposits, and other urgent financial needs.
A Commander in Civilian Life
After retiring from a distinguished 33-year military service, Siegert transitioned to a career in the private sector. He utilized his experience as a Director and Senior Program Manager for a defense contracting firm, continuing to influence the community positively.
About PenFed Credit Union
Established in 1935, Pentagon Federal Credit Union (PenFed) has grown to support 2.8 million members around the globe, boasting over $32.7 billion in assets. Committed to delivering market-leading financial products including loans, mortgages, and credit card services, PenFed ensures that its members’ needs are prioritized. The credit union is federally insured and stands as an Equal Housing Lender.
PenFed continues to thrive under the guidance of dedicated leaders like Bill Siegert, whose legacy of service resonates within every aspect of the organization. His commitment inspires others to contribute to the community's wellbeing, securing a brighter future for many.
Frequently Asked Questions
Who is Bill Siegert?
Bill Siegert is a retired U.S. Army colonel and has served as a director on the PenFed Credit Union board for 25 years, promoting military values and community support.
What is the PenFed Foundation?
The PenFed Foundation is a nonprofit organization dedicated to empowering military service members, veterans, and their families by providing financial assistance and resources.
What has Siegert accomplished at the PenFed Foundation?
Siegert led efforts in establishing the Defender's Lodge for veterans and spearheaded partnerships to combat veteran homelessness through financial support.
How has PenFed Credit Union impacted its members?
PenFed Credit Union offers a range of financial products and services designed to meet the needs of its 2.8 million members, emphasizing affordability and support.
What is the history of PenFed Credit Union?
Founded in 1935, PenFed has evolved into one of America’s largest federal credit unions, providing valuable services to military and civilian members alike.
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