PenFed, Lt. Dan Band hold benefit concert for Puerto Rico

PenFed, Lt. Dan Band hold benefit concert for Puerto Rico

March 9, 2018

PenFed Credit Union hosted a concert by actor Gary Sinise and the Lt. Dan Band on March 2 to raise awareness of Puerto Rico's hurricane recovery needs.

 “You don’t see it on the evening news, yet 30% of the population is still in need,” says PenFed President/CEO James Schenck. “We would like the community in Puerto Rico to have a night in which they realize the people in America have not forgotten them.”

The concert was made possible by the credit union’s $100,000 donation to the Gary Sinise Foundation to sponsor the band, and support from American Airlines, Envoy, and Fogo de Chão San Juan. American Airlines and Envoy transported the band to Puerto Rico. Fogo de Chão, an internationally renowned Brazilian steakhouse, provided a post-concert celebration, coordinated by PenFed, to thank band members and concert volunteers.

The band, a program of the Gary Sinise Foundation, was named for Sinise's role as Lt. Dan Taylor in the Academy Award-winning film “Forrest Gump.”

On Sept. 20, 2017, Category 5 Hurricane Maria hit Puerto Rico with 170 mph winds and over 30 inches of rain. More than 500 people died, with many more injured. The storm caused nearly $95 billion in damages. PenFed Credit Union, which operates three branches in the U.S. territory, responded by supporting its employees and nearly 200,000 members with:

  • Relief on loan payments for borrowers facing hardships caused by the natural disaster.
  • $150,000 in aid packages for every PenFed employee in Puerto Rico. The packages included a disaster relief stipend, two weeks' worth of meals, and portable power generators.

In this CUNA News podcast, Schenck discusses the worst humanitarian disaster he’s witnessed and how PenFed is providing assistance.