PenFed Credit Union and AFA Launch Pilot Training Scholarship

February 20, 2020

February 20, 2020

PenFed Credit Union and AFA Launch Pilot Training Scholarship

ARLINGTON, Va., Feb. 20, 2020 — PenFed Credit Union and the Air Force Association (AFA) are teaming up to fund pilot training toward a private pilot’s license for three AFA members at a facility of their choice. Sponsored by PenFed Credit Union, the three $10,000 scholarships are applicable to aircraft rental and instructor fees and will be paid directly to the training facility on the student’s behalf.

“One of my life’s most memorable moments was my first flight lesson at age 15,” said PenFed President & CEO James Schenck, who at an early age was inspired to become a Black Hawk pilot and night-vision goggle instructor pilot. “Our nation needs to attract and recruit more future aviators in their formative years. That’s why PenFed is honored to partner with the Air Force Association to encourage an interest in aviation careers—especially among young women.”

Open until April 30, the scholarships are available to current AFA members and no previous flight experience is necessary.

“Part of AFA’s mission is to advance aerospace education, so AFA is in a unique position to help to address the pilot shortage in the U.S. by developing these key partnerships to help individuals achieve their private pilot license,” said AFA President Lt Gen (Ret.) Bruce “Orville” Wright. “Since we encourage students to consider careers in aviation, we must also provide resources. Our Armed Forces need the right quantity and quality of pilots to protect our national security, and as the demand continues to grow, the competition for qualified commercial pilots will become more aggressive. Between PenFed and AFA, we can give our members a head start in their career.”

To learn more and apply, visit


About PenFed Credit Union

Established in 1935, Pentagon Federal Credit Union (PenFed) is America’s second-largest federal credit union, serving 1.8 million members worldwide with $25 billion in assets. PenFed Credit Union offers high-yield savings and market-leading checking, certificates, mortgages, credit cards, personal loans, auto loans, and refinanced student loans. Our mission is to empower members of our community to achieve their financial well-being. PenFed Credit Union is federally insured by the NCUA and is an Equal Housing Lender. To learn more about PenFed Credit Union, visit, like us on Facebook and follow us @PenFed on Twitter. Interested in working for PenFed? Check us out on LinkedIn. We are proud to be an Equal Employment Opportunity Employer.

About AFA

The Air Force Association is a non-profit, independent, professional military and aerospace education association. Our mission is to promote a dominant United States Air Force and a strong national defense, and to honor Airmen and our Air Force Heritage.


For more information, contact:

Kassandra Meholick Sebastian

PenFed Corporate Communications

Phone: 571-328-1854



Bridget Dongu

Air Force Association Communications

Phone: 703-247-5818