PenFed Credit Union Presents $25,000 Donation to QL+ to Support Life-Improving Innovations for Wounded Veterans

The donation funds the development of novel technical solutions by student engineers working to provide veterans with confidence and independence to participate in activities they enjoy

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PenFed Credit Union

Apr 27, 2020, 12:55 ET

TYSONS, Va., April 27, 2020 /PRNewswire/ -- PenFed Credit Union, the nation's second largest federal credit union, today announced its $25,000 donation to Quality of Life Plus (QL+) to support innovations that aid and improve the quality of life for veterans who have served our country and sustained life-altering injuries. QL+ supports engineering students with a passion for using their skills to help veterans by developing prosthetics and other solutions to give them their confidence and independence back.

"PenFed is proud to support the development of solutions that have a tremendously positive impact on the lives of our nation's heroes by providing them with the ability to return to work and participate in activities they love," said James Schenck, President/CEO, PenFed Credit Union, and CEO, PenFed Foundation. "It's inspiring to see veterans playing hockey, running, surfing and thriving after overcoming very difficult challenges. PenFed believes it's more important than ever to continue supporting veterans and organizations like QL+ during this challenging time."

QL+ student engineers develop novel technical solutions to assist and improve the quality of life for wounded veterans. Throughout the academic year, QL+ mentors, guides and supports the collaboration between veterans and student teams. At the end of the academic year, the student teams formally present each completed assistive device or modified hardware to each veteran for use in their daily life. Each project is unique. While these assistive devices are tailored to the needs of each individual participating veteran, the solutions frequently help other injured veterans.

"The Quality of Life Plus team is grateful for this generous gift," said Charlie Kolb, Executive Director, Quality of Life Plus. "PenFed's commitment to helping our military heroes is aligned with our mission to improve the quality of life of those who have served our country."

QL+ is headquartered in McLean, Virginia, with its major lab at California Polytechnic State University in San Luis Obispo, California. QL+ also has a dedicated lab at Colorado School of Mines in Golden, Colorado. Established QL+ programs also operate at Virginia Tech, Xavier University, the University of Cincinnati, Ohio University, the University of Dayton, San Diego State University, Virginia Commonwealth University, George Mason University, the University of Texas-San Antonio, the University of Colorado-Boulder, The George Washington University, Norwich University, Rowan University, The Catholic University of America, the University of South Florida, and the United States Naval Academy.

"QL+ provides challenges for STEM students, allowing them to work directly with our wounded veterans, harnessing technology and common-sense engineering practices to improve their daily lives," said Quality of Life Plus Founder Jon Monett. "The donation from PenFed is helping us give more students the opportunity to focus their passion and talent on helping our nation's heroes. We are honored to receive it."

About PenFed Credit Union
Established in 1935, Pentagon Federal Credit Union (PenFed) is America's second-largest federal credit union, serving 1.9 million members worldwide with over $25 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 Twitter. Interested in working for PenFed? Check us out on LinkedIn. We are proud to be an Equal Employment Opportunity Employer.

About QL+: The mission of QL+ is to foster and generate innovations that aid and improve the quality of life of those who have served our country. We challenge university students to create novel solutions to improve the lives of veterans, first responders, and service members. To learn more about QL+, visit https://www.qlplus.org, follow us on Twitter, or like us on Facebook.

SOURCE PenFed Credit Union