TYSONS, Va., April 15, 2021 / PRNewswire / – In honor of the second chance month, PenFed Credit Union President and CEO James Schenck and the honorable Rodney E. Hood, Administration of the National Credit Union Board member, visited Dressed bungee Headquarters in Philadelphia to meet with founder and main designer Darrell Alston. The aim of the meeting was to identify and discuss the ongoing challenges convicted offenders face in finding a career after completing their sentences.
The White House has named Second Chance Month in April to raise awareness of the need for opportunities for convicted criminals who want to safely reintegrate into society. According to the proclamation, 600,000 Individuals leave prison and re-enter their communities every year. PenFed, the country’s second-largest credit union, and NCUA, the independent federal agency established by Congress to regulate, charter, and oversee federal credit unions, are committed to fulfilling the credit union’s mission, “people who help people.” .
“I don’t think any of us would want to be judged for the rest of our life by the worst mistake we’ve ever made,” he said James Schenck, President and CEO of the PenFed Credit Union and CEO of the PenFed Foundation. “The credit union industry is committed to serving communities, including those formerly incarcerated for low-level nonviolent crimes who have served their sentences. We can support those who are determined to make their lives better rather than holding back opportunities . ” a mistake that could sustain a life of crime. “
Alston, who served more than six years in prison for drug trafficking, is one of 19 million Americans with a convicted crime. He’s now faced with costly auto and life insurance, struggling to find an apartment, get approval for loans, or find jobs in the fast food industry, including first responders and the military. “I’ll never be able to do any of this just because of what I did years ago. I’m not saying that every single person deserves a second chance, but I’ve met many people who do . “explained Alston.
“Part of our national identity is based on the idea that America is a place where people can start over,” said Rodney E Hood. “Darrell’s story is an example of how individuals, their families, their communities, and our society benefit when we practice forgiveness and extend salvation to those who sincerely regret past mistakes. The dividends are both spiritual and tangible. But a lot too often we employ practices Otherwise that quality of compassion is lacking. Otherwise, qualified applicants will be rejected on previous convictions for minor criminal activity. Society has begun to reconsider these criminal recruitment practices and I say the time has come. “
The NCUA board of directors, under Hood’s leadership, has streamlined the process to make it easier for credit unions to provide jobs to people with non-violent criminal records. In 2019, at Hood’s request, the NCUA board decided to remove barriers to employment for returned citizens whose low-level nonviolent crimes had occurred well in the past.
“I can’t save everyone, but if I can save one or two and 5,200 other credit union CEOs can do the same, we can make a living for 10,000 people who earn a second chance,” Schenck said. “There are thousands – hundreds of thousands – of people like Darrell in this country. And it is up to each of us to do our part to make a difference.”
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About PenFed Credit UnionThe Pentagon Federal Credit Union (PenFed) was founded in 1935 and is America’s second largest federal credit union. It serves over 2.2 million members worldwide with more than 2.2 million members $ 27 billion in assets. PenFed Credit Union offers market leading certificates, checks, credit cards, personal loans, mortgages, auto loans, student loans, and a wide range of other financial services. Our mission is to empower members of our community to achieve their financial well-being. The PenFed Credit Union is insured nationwide by the NCUA and a lender for equal living conditions. To learn more about PenFed Credit Union, visit PenFed.orglike us on Facebook and follow us @PenFed on Twitter. Would you like to work for PenFed? Check us out on LinkedIn. We pride ourselves on being an equal opportunity employer.
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SOURCE PenFed Credit Union