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Our History

Timeline

The Pentagon Federal Credit Union Foundation has been dedicated since 2001 to supporting those who sacrifice to guarantee our freedoms.

December 2001: The Pentagon Federal Credit Union Foundation was created by Pentagon Federal Credit Union to assist military personnel in securing a sound financial future for themselves and their families.

2002: The Foundation received a 501(c)3 designation from the Internal Revenue Service. Work continued on building programs and securing funds to move forward with the mission of serving our nation’s defenders.

2003: The Military HeroesŪ program began when the Foundation partnered with the George Washington Chapter of the Association of the US Army to provide clothing, phone cards, gift certificates and personal items to the wounded at returning from Iraq and Afghanistan who were being treated at Walter Reed Army Medical Center (WRAMC).

2003: The Foundation partnered with the Federal Home Loan Bank to offer the initial Dream Makers program for first-time homebuyers, only to find that no military families could qualify under the FHLB’s low income ceiling. The Foundation was determined to eventually self-fund the program so that military families of modest means would qualify under guidelines tailored to their particular needs.

2004: The Military Heroes fund began paying for child care expenses for children of the wounded being treated at Walter Reed AMC.

2004: The Asset Recovery Kit (ARK), a low-cost alternative to payday lending for military personnel was introduced at Fort Hood in Killeen, Texas at the Pentagon Federal Credit Union branch.

2004: The first Military Heroes Golf Classic teed off at Westfields Golf Club in Clifton, Virginia.

2004: The first Christmas dinner for families at the Walter Reed AMC Fisher House was held with our co-sponsor, the American Society of Military Comptrollers.

2005: The Foundation donated a total of 51 wireless laptops to the Fisher Houses at Walter Reed AMC in Washington, D.C., Tripler AMC in Hawaii, Wilford Hall AMC at Lackland AFB in San Antonio, and Darnell AMC in Ft. Hood, Texas.

2005: The first Night of Heroes, honoring those who sacrifice for our country and the families who support them, was held at the National Building Museum in Washington, DC.

2005: The Foundation raised over $200,000 to help victims of Hurricanes Katrina and Rita in the Gulf states, donating these funds to Coast Guard Mutual Aid, Air Force Aid Society and the relocated veterans from the Armed Forces Retirement Home.

2005: The Military Heroes fund built a driveway at the home of soldier who suffered traumatic brain injuries in Iraq so that his family would be able to move him to his accessible van.

2006: The Foundation donated 20 more wireless laptops, this time to Brooke AMC at Ft. Sam Houston, Texas, and Womack AMC at Ft. Bragg, North Carolina.

2006: The first external credit union partner, Fort Bragg Federal Credit Union, began offering ARK at its Fayetteville branches with the support of the Foundation.

2006: The Foundation began its partnership with the George Washington Chapter of AUSA to hold a Christmas party at the Mologne House at Walter Reed, a residential hotel for wounded patients and their families.

2007: The Foundation presented a Hospice/Palliative Care Room and a Patient/Family Lounge to Walter Reed AMC in Washington, D.C. where terminal patients and their families can spend their last days in comforting, supportive environment.

2007: The Foundation donated another 52 wireless laptops to the Intrepid Center at Brooke AMC, Ft. Sam Houston, Texas, and Balboa Naval MC in San Diego, California.

2007: The California Community Foundation awarded a $1.5 million three-year grant to the Foundation to support the expansion of the ARK program to families affected financially by deployments to Iraq and Afghanistan.

2007: Two more credit unions partnered with the Foundation to offer ARK: Fort Stewart Georgia Federal Credit Union and Fort Gordon Federal Credit Union.

2007: The first Dream Makers down payment grant of $5,000 was awarded to a soldier stationed at Fort Hood. She used the grant toward her purchase of a duplex in Killeen, Texas so her husband and son would be secure when she deployed to Iraq. 2007 ended with a total of $114,500 in down payment grants disbursed.

2008: Schofield Federal Credit Union partnered with the Foundation to offer ARK through their branch in Honolulu.