Pentagon Federal Credit Union, known as PenFed, confirmed plans to establish a regional financial center in San Antonio, pending approval of public incentives.
The planned expansion will create approximately 600 new jobs to assist the Tysons-based company’s 1.8 million members around the world. Texas Gov. Greg Abbott said PenFed's expansion will include a $48 million capital investment with the development of a new facility. The facility's location is unknown at this time.
