The Work Index by Flexa

PenFinancial Credit Union Limited

PenFinancial Credit Union is a community-focused financial institution committed to providing tailored financial solutions and supporting the growth of Niagara and Haldimand.

https://www.penfinancial.com/
5.0

/10

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Description

PenFinancial Credit Union is a financial institution headquartered in Ontario, Canada, specializing in serving the communities of Niagara and Haldimand. They differentiate themselves by offering the same services as larger banks but with a commitment to local community support. PenFinancial is deeply invested in fostering a strong and sustainable local economy through targeted lending, partnerships with local organizations, and a truly local grant program.

PenFinancial is a certified B Corp, demonstrating their commitment to social and environmental responsibility. They prioritize the well-being of their employees, offering competitive salaries, comprehensive benefits, and numerous opportunities for professional development. Their "Truly Local Commitment" extends to their employees as well, encouraging them to volunteer their time with local charities and providing financial support for their chosen causes.

Flexibility

PenFinancial Credit Union does not explicitly mention offering remote work or flexible hours in the provided content. The company does, however, offer employees a "health and wellness allowance," competitive vacation and wellness days, and encourages participation in a "Truly Local Ambassador program" where employees can volunteer for local charities. These benefits suggest a focus on employee wellbeing and may provide some level of flexibility, though the specifics are not outlined.

Benefits

PenFinancial Credit Union provides a comprehensive benefits package for its employees. As a certified Living Wage employer, PenFinancial offers competitive salaries that are regularly reviewed to ensure they align with market standards. Eligible employees also receive a benefits package, a defined contribution pension plan, and a performance-based annual variable compensation program that rewards them for achieving goals. Additionally, PenFinancial provides a health and wellness allowance, as well as generous vacation and wellness days to encourage employees to invest in their well-being.

Enhanced parental leave

Mission

PenFinancial Credit Union is a financial cooperative that prioritizes building authentic relationships with its members and providing targeted services and experiences to improve lives and strengthen communities. They believe in reinvesting in the local community by offering loans and mortgages to residents of Niagara and Haldimand, and they actively support local organizations and events.

Not-for-profit
Social impact led

Culture

PenFinancial Credit Union promotes a culture of community, collaboration, and genuine care. They emphasize a "truly local" commitment, investing in the well-being of their employees and the communities they serve. The company fosters a sense of family, where employees are valued and have a voice, while prioritizing ethical standards and a commitment to diversity and inclusion.

Collaborative
People-first
Progressive
Supportive
Transparent

DE&I

PenFinancial Credit Union values diversity and treats everyone fairly and equally. They recognize the importance of building trusting relationships and maintaining the highest ethical standards, fostering mutual respect through honest and authentic relationships. These values are core to their mission of improving lives and strengthening communities, ensuring that everyone feels welcomed, respected, and included within the organization.

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