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James Schenck is president and CEO of and CEO of the. Since becoming CEO in April of 2014, Schenck has led PenFed's asset growth from $18 billion to $24 billion, grown annual net income from $116 million to $179 million and increased membership from 1.3 million to 1.7 million. In a nationwide vote conducted by Credit Union magazine in 2017, Schenck was elected the National Credit Union "Hero of the Year." A former Army Black Hawk helicopter pilot, he graduated from the U.S. Military Academy at West Point.