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College Internships
Learn Lead Inspire Hire
Find your next opportunity
Join our College Talent Community!
Stay informed about our upcoming Summer Internship Program
A summer internship program revolving around four pillars: Learn, Lead, Inspire, and Hire
A weekly internship Learning Days where interns interact with our executive leaders and learn about many aspects of the business
Career readiness training and business acumen development
Professional leadership seminars provided through formal training and intern leader roles
Interns have the opportunity to participate in a philanthropic project by hosting the PenFed Summer Blood Drive
Work that makes a difference by helping people do better and achieve their financial goals
Full intern integration within business departments across the enterprise with meaningful and impactful projects to solve PenFed’s current business challenges
Interns are given the opportunity to be mentored by industry leaders
A robust program that provides interns with useful tools and experiences to set them up for success in future endeavors and to help them achieve their career goals
Collaborative internship capstone project including various aspects of our business: finance, technology, and marketing
Life at PenFed
#PenFedInterns
Our Four Pillar Intern Program
Our summer internship program revolving around our four pillars; Learn, Lead, Inspire, and Hire. Program elements include professional leadership development, team management, personality assessments, executive presentations and interaction, a real-world intern project, team building events, volunteering, career readiness training, social media training, mentoring, and meaningful work related to desired career paths while solving real world business problems.
Education AssistanceEach week, our interns come together for inspiring Learning Day seminars and activities. Our cohort will interact with PenFed’s Executive Leaders, receive professional development training, and participate in group exercises. These collaborative and comprehensive strength-building days set our interns up for professional success and provide them with tools for their future endeavors.
Military Employment ProgramWe are committed to recruiting members of the entire military community; including Veterans, Military Spouses, Wounded Warriors and their Caregivers, Reservists, and members of the National Guard. We seek out members of this community to join our team and work to ensure that they have long successful careers at PenFed.
Leadership Capability InitiativeDesigned to develop skilled leaders who will inspire and motivate their teams to constantly do better.
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Employee Resource GroupsYou talk and we listen! Different departments have the opportunity to collaborate, share department successes and failures, and work together as a team to continue to learn and grow together.
Employee Resource GroupsYou talk and we listen! Different departments have the opportunity to collaborate, share department successes and failures, and work together as a team to continue to learn and grow together.
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Each week, our interns come together for inspiring Learning Day seminars and activities. Our cohort will interact with PenFed’s Executive Leaders, receive professional development training, and participate in group exercises. These collaborative and comprehensive strength-building days set our interns up for professional success and provide them with tools for their future endeavors.
WellnessStudent Leaders are selected to guide fellow interns through the development of our Capstone Internship Project. Interns are involved in leadership training, professional development seminars, and business continuity presentations.
Fitness CentersAccess to fitness centers at our major service center locations
Paid Time OffIn addition, our summer interns are involved in many team-building events and philanthropic activities during their time at PenFed.
Accumulate a total of 25 days of leave in the first year
Enjoy eight designated holidays
Family Friendly Benefits
Paid parental leave up to four weeks for eligible employees
ReThink for parents with children with developmental delays
Care.Com for child and adult care, housekeeping, pet sitting, and tutoring
Additional Voluntary Benefits
Pet Insurance
Identity Theft Recovery Services courtesy of PenFed
Child Care Discounts
Child Developmental Resources
Student Leaders are selected to guide fellow interns through the development of our Capstone Internship Project. Interns are involved in leadership training, professional development seminars, and business continuity presentations.
In addition, our summer interns are involved in many team-building events and philanthropic activities during their time at PenFed.
Retirement Savings - 401(k)Interns are fully integrated into our business departments across the entire enterprise and assigned to meaningful and impactful projects solving real business problems faced by our company. Each intern is assigned a hiring manager and a mentor. In addition to the work our interns do within their respective departments, our interns also all work together on one large internship project. Each graduate student leads an intern team assigned to a particular aspect (Marketing, Finance, or Technology) of a real business solution project. The internship project is presented to the CEO and executive team at the end of the internship program and the results may have an impact on a real consumer product for the company.
Employee Loan Discount ProgramIn addition to the work our interns do within their respective departments, our interns also all work together on one large internship capstone project. Each student leader is responsible for an intern team assigned to a particular aspect (Marketing, Finance, or Technology) of a real business challenge. The internship project is presented to the CEO and Executive Leaders the end of the internship program and the results may have an impact on a real consumer product for the company.
Year-End Bonus PotentialQualified employees may be eligible to receive PenFed’s annual Balanced Scorecard Bonus.
Flexible Spending Accounts
Pre-tax contributions into healthcare and dependent care accounts up to the IRS maximum allowable amount
Eligible after 90 days of employment
Life Insurance and Short & Long Term Disability CoverageFully paid by PenFed
Additional Voluntary Benefits
Supplemental Life Insurance for employee, spouse and dependent children
Accident Insurance
Critical Illness Insurance
Universal Life with Long Term Care Insurance
Identity Theft Protection
Legal Plan
At PenFed, our mission and culture revolve around helping people do better and achieving their dreams. We instill in our interns a passion to serve and help others. We want our intern cohort to build upon their problem-solving skills and to feel that they make a difference in the world. Interns are fully integrated into our business departments across the entire enterprise and assigned to meaningful and impactful projects solving real business problems faced by our company.
Interns are fully integrated into our business departments across the entire enterprise and assigned to meaningful and impactful projects solving real business problems faced by our company. Each intern is assigned a hiring manager and a mentor. In addition to the work our interns do within their respective departments, our interns also all work together on one large internship project. Each graduate student leads an intern team assigned to a particular aspect (Marketing, Finance, or Technology) of a real business solution project. The internship project is presented to the CEO and executive team at the end of the internship program and the results may have an impact on a real consumer product for the company.
In addition to the work our interns do within their respective departments, our interns also all work together on one large internship capstone project. Each student leader is responsible for an intern team assigned to a particular aspect (Marketing, Finance, or Technology) of a real business challenge. The internship project is presented to the CEO and Executive Leaders the end of the internship program and the results may have an impact on a real consumer product for the company.
PenFed’s Internship Program aims to be a hiring program. Our goal is to hire interns who show that they may be great PenFed employees. For those who are hired as full-time employees, they are offered competitive salaries and benefits.
Take a look at the open positions and submit your application.
Step 2
If you meet the requirements of the role, a 30 minute phone screening is scheduled with one of our team members.
Step 3
If the screening goes well, an interview with the hiring manager is the next step.
Step 4
If you’re selected for the role we’ll send an offer your way!
“I learned so many technical skills, but also lifelong skills, that I will carry with me throughout my career.”
Jay R:
University of Maryland
Department: Finance Transformation –
Business
“The most impactful aspect of the program has been the
people. Throughout the program, we had the opportunity
to meet numerous executives, directors, and
representatives who were wonderful to hear from. Their
insight and advice will take us a long way.”
Jack S:
Virginia Tech
Department: Enterprise Risk Management
“One highlight about PenFed and this internship program is that I appreciate executives taking time out of their day to speak about their area of expertise, and also share their journey through their professional careers.”
Ella T:
University of Virginia
Department: Enterprise Document Management
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