PenFed's Reddy honored for leadership, innovation and business impact

TYSONS, Va., July 2, 2025 /PRNewswire/ -- Shree Reddy, EVP and CIO at PenFed Credit Union, one of the nation's largest federal credit unions, was honored as the 2025 CapitalCIO ORBIE Award winner in the Enterprise category for his leadership, innovation and business impact at PenFed.

"Shree empowers the organization with a digital-first mindset, fostering innovation that has driven PenFed to revolutionize our digital landscape. By launching an industry-first Omni-Channel Banking Platform, we are helping our members achieve their financial dreams and better serving our communities," said PenFed President & CEO James Schenck. "This platform has significantly improved the member experience, with 97% of member interactions now digital and self-service, alongside an 80% increase in digital enrollments since the transformation journey began. This simple and scalable member-centric transformation enables us to simplify daily banking experience and give back more to our members and communities."

The prestigious ORBIE Awards-- hosted by CapitalCIO, a chapter of the Inspire Leadership Network-- honor CIOs who drive business transformation and make a lasting impact on the industry.

"Great CIOs understand how connections drive transformation," said Doug King, CapitalCIO Chair. "The ORBIE^® Awards recognize CIOs who leverage relationships to drive innovation, solve complex challenges, and create value that is shaping the future of the Capital Area."

The ORBIE is the preeminent executive recognition for C-suite leaders. Since 1998, the ORBIE Awards have recognized leadership excellence, built relationships between executives and trusted business partners, and inspired the next generation of executives. Finalists and winners are selected through an independent peer-adjudicated process led by prior ORBIE recipients based on the following criteria:

• Leadership and management effectiveness
• Business value created by technology innovation
• Engagement in industry and community endeavors

About PenFed Credit Union
Established in 1935, Pentagon Federal Credit Union (PenFed) is one of America's largest federal credit unions, serving nearly 3 million members worldwide with $31 billion in assets. PenFed Credit Union offers market-leading certificates, checking, credit cards, personal loans, mortgages, auto loans, student loans, and a wide range of other financial services with members' interests always in mind. PenFed Credit Union is federally insured by the NCUA and is an Equal Housing Lender. To learn more about PenFed Credit Union, visit PenFed.org, like us on Facebook and follow us @PenFed on X. Interested in working for PenFed? Check us out on LinkedIn. We are proud to be an Equal Employment Opportunity Employer.

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SOURCE PenFed Credit Union