Penn East Federal Credit Union President & CEO Announces Retirement Members News June 27, 2023 Penn East Federal Credit Union President & CEO Jeff DeBree announced his plans to retire on July 28, after leading the organization for more than 19 years, in which he played a crucial role in transforming the credit union into what it is today: five branches servicing four counties. DeBree received a lifetime achievement award at the Annual CrossState Credit Union Conference earlier this year.