PenFinancial is the result of a merger between Atlas & Civic and
St. Catharines Civic Credit Unions.

The merger created a new organization built firmly on their history of strong support for their communities — member activities, employer group interests and community groups.  Effective January 1, 2005, the merger created a credit union, with assets of $200 million, 5 branches, 11 ATMs and 2 Credential Securities offices in Welland and St. Catharines. The new credit union employs 57 staff, serving over 11,000 members.

PenFinancial is a full service financial institution offering the same services as other banking organizations as well as unique superior services. Being co-operatively owned and democratically controlled by members, PenFinancial is completely distinct from banks. As a credit union, PenFinancial reinvests virtually all deposits back into the local economy, primarily through personal loans and residential mortgages.

The foundation of the former credit unions that make up PenFinancial is based on personal service to members. Each member is guaranteed the highest quality of personal, friendly and professional service. Merging to become a larger credit union creates competitive advantages, opportunities for growth and expanded services to existing and future members. Our focus is to expand on our exceptional, high quality, personal service.

PenFinancial will maintain the co-operative values upon which the former credit unions were founded: emphasis on sound management, excellent member service, regulatory compliance, leading-edge employee work environments and investing in local communities. PenFinancial Credit Union exists solely to serve the financial needs of members. The credit union's international motto of “PEOPLE HELPING PEOPLE” probably best describes the PenFinancial philosophy.

But don’t take our word for it. PenFinancial has thousands of happy members!  Learn why and join us today!