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PenFinancial Credit Union is Firmly Planted in Niagara Soil
While their name is fairly new, this Credit Union has been nurtured for almost 60 years right here in Niagara. PenFinancial Credit Union is made up of legacy community-based credit unions that had similar cultures and ideals and decided to join together to establish a secure foundation for its members.
PenFinancial Credit Union is over 11,000 members strong with roots firmly planted in Niagara soil. They’re a homegrown organization that takes pride in providing their members with exceptional rates on the banking products and services that they need for every stage of life, with the unsurpassed personal, value added service that they deserve.
Through four branches in St. Catharines and Welland, PenFinancial offers a full range of banking, wealth management and credit products and services. To help their members meet their business goals, the retail and Commercial Business team works primarily with small businesses and entrepreneurships, offering a wide range of products and services to help local businesses succeed in today’s competitive marketplace.
So what’s the difference between credit unions and banks? Quite simply, credit unions, like PenFinancial, are owned by members. When you open an account with them you become a member, hold a share, and have a say. They are locally based and owned by residents of our community, so growing and nurturing your financial health is important to them. All of their members have goals for today and plans for tomorrow. Sometimes things go exactly as planned, and sometimes their members face adversity along the way. You can be sure that PenFinancial will be right there, working with members to understand their goals and dreams and they’ll go out of their way to make sure they succeed!
Credit unions offer the same competitive products and services that banks do, except all the decisions about the types of products PenFinancial provides and the rates and investments they offer are all made locally. In a nutshell, banks make decisions to increase profits for their shareholders while credit unions, like PenFinancial, make decisions based on your best interests. So, whether you’re buying your first home, opening a small business or saving for your retirement, they’ve got everything you need right here at home.
Because PenFinancial Credit union is local, all deposits are reinvested in the Niagara Region by providing loans and mortgages to your friends and neighbours. They also take great pride in investing in their own family too, by encouraging continuing education for their employees. They place a high value on the timely, solid advice they provide, which will help you through all the stages of your life.
The credit union’s team of professionals are genuinely interested in getting to know you, your family, and what kind of financial guidance you need to get the most out of life. Understanding their members’ lives and truly caring about them and looking out for their best interests in the reason they come to work each day. At PenFinancial, their employees work hard to build relationships with members so that they can help them establish financial success. To find out more about the PenFinancial difference, visit www.penfinancial.com
