America's second largest federal credit union welcomes 33,000 new members and maintains over $3 billion in regulatory net worth. TYSONS, Va., April 16, 2024 /PRNewswire/ -- PenFed Credit Union, the nation's second-largest federal credit union, finished the first quarter of 2024 with increased liquidity and capital. PenFed also finished the quarter with nearly 3 million members, $34.6 billion in assets and over $3 billion in regulatory net worth. "We are ahead of our 2024 business plan and continue to execute on our key priorities of building liquidity and capital," said PenFed President and CEO James Schenck. "PenFed is proud to deliver on our promise to members by paying top dollar on certificates. During the first quarter of 2024, PenFed paid out $209 million in member dividends, up from