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We are the leading international technology manager and financing expert in the IT, industrial, and healthcare technology sectors. Nearly 1,200 employees across 30 countries manage a technology portfolio worth €7.8 billion (2021). We have been managing our customers` technology investments for more than 40 years, covering the entire lifecycle from procurement and use to data erasure, refurbishing, and remarketing. Our business model has been based on the principles of the circular economy since 1979. What else makes us so special? Our independence from banks and manufacturers. By the way: We have been carbon-neutral since 2021. To achieve this, we avoid, reduce, or offset all CO₂ emissions generated by our business activities.
Our mission isn`t simply to help our members get by. We exist to help them realize every ounce of their potential. We exist to educate, but to also encourage. We exist to usher their dreams into the land of reality. Established in 1935, PenFed today is one of the country`s strongest and most stable financial institutions serving 1.7 million members worldwide with $25 billion in assets. We serve members in all 50 states and the District of Columbia, as well as in Guam, Puerto Rico, and Okinawa. We are federally insured by NCUA and we are an Equal Housing Lender.
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