Successful Leader Brings Decades of Experience
to PenFed's Leadership Team
TYSONS, Va., July 1, 2024
/PRNewswire/ -- PenFed Credit Union, the nation's second
largest federal credit union, is pleased to announce of promotion
of Shree Reddy to Chief Information
Officer and Executive Vice President. Reddy joins the executive
management team and is responsible for technology infrastructure
and operations, application delivery and technology risk.
"It again gives me great pleasure to promote from within PenFed
to best support our mission and serve our nearly 3 million
members," said PenFed President and CEO James Schenck. "Shree brings a wealth of
experience in technology and will have a positive impact at all
levels of our firm."
Shree joined PenFed in 2017 and previously served as SVP, Head
of Consumer Banking Technology demonstrating a wealth of
transformative leadership experience in the finance and technology
sectors. He led the successful launch of PenFed's Digital Banking
Platform including PenFed online, PenFed's new mobile app and
several strategic enterprise transformative programs across a wide
range of banking products. Shree will replace Joseph Thomas who is retiring from PenFed after
nearly a decade of serving PenFed through a significant period of
growth and technology advancements.
"I am extremely happy and excited for both PenFed and Shree,"
said Thomas. "Shree has a unique blend of business and technology
experience and is a role model for PenFed's culture. His intimate
knowledge of PenFed will allow a seamless transition, he is the
ideal choice to lead PenFed through the next phase of
transformation."
"The transformation of PenFed's digital and mobile platforms
under Shree's leadership has had an incredibly positive impact on
member experience," said PenFed EVP Consumer Banking Ricardo
Chamorro. "He has the business and technology expertise to continue
leading PenFed forward."
Shree's extensive career in financial services includes 20 years
at Bank of America, where he held various leadership roles in
consumer banking technology, core banking transformation and
mergers.
"I'm thrilled to join PenFed's executive team and continue
supporting our mission, members, and employees," said Reddy. "I
believe that in the relentless race of digital transformation,
there is no finish line – only unchartered territories waiting to
be conquered. To emerge victorious, one must find disruption before
it finds them."
Shree is a certified Six-Sigma Green Belt and Black Belt
professional with a disciplined approach to innovation, execution,
problem-solving and process optimization. He earned a bachelor's
degree in electronics and computer science, an MBA in Global
Business and an Executive Leadership Program on Operations
Development.
About PenFed Credit Union
Established in 1935,
Pentagon Federal Credit Union (PenFed) is America's second-largest
federal credit union, serving 2.9 million members worldwide with
over $34.6 billion in assets. PenFed Credit Union offers
market-leading certificates, checking, credit cards, personal
loans, mortgages, auto loans, and a wide range of other financial
services with members' interests always in mind. PenFed Credit
Union is federally insured by the NCUA and is an Equal Housing
Lender. To learn more about PenFed Credit Union,
visit PenFed.org, like us
on Facebook and follow us @PenFed
on X. Interested in working for PenFed?
Check us out on LinkedIn. We are proud to
be an Equal Employment Opportunity Employer.
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SOURCE PenFed Credit Union