WELLAND, ON- Following the Royal Bank of Canada foreign workers outsourcing issue, PenFinancial Credit Union is happy to reiterate its stance of being a truly local, financial institution, committed to building a stronger Niagara.
PenFinancial Credit Union Chief Executive Officer, Bob Watson, says “As a Niagara based Credit Union, we’re proud to be able to stand behind the phrase “truly local banking.” Our jobs are here. Our suppliers are here. Our lives are here.” Bob continued to say, “Our members are our owners, so we have a responsibility to our membership to support the local economy in order to build a stronger, and more vibrant Niagara. All of our company’s decisions are made by members for members.”
With the cooperative mentality in mind, PenFinancial Credit Union operates as a not-for-profit entity, which means any profits are funneled back into Niagara through their Community Investments Program and through lower rates and service fees for members. PenFinancial Credit Union currently has six branches to serve Niagara, with over 15,000 members. PenFinancial Credit Union, Chief Executive Officer, Bob Watson, is available for comment throughout the day regarding this issue. He can be reached at 289-820-9744 ex. 222
https://www.penfinancial.com/Personal/OurCommunity/CommunityInvestmentsandPartnerships/