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Welcome Home to PenFinancial

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Featured Rates*

*Rates are subject to change without notice. Conditions apply.

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5 Year Fixed
High Ratio Mortgage
5-Year Fixed
Conventional Mortgage
High Interest Savings
With $50,000 balance

Meet Our (AWESOME) Team

Don't be intimidated. We like to say we're in a serious business, but don't take ourselves too seriously. At PenFinancial, we're just real people that live in the same community as you and want the best for you. We just happen to be highly qualified professionals at the same time.


Meet Our Advisors

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COVID-19 Updates

Read about the latest updates relating to COVID-19, including temporary adjustments to our hours of operations.

Latest updates →


Branch Updates

In observance of the National Day for Truth and Reconciliation, all PenFinancial locations will be closed on September 30, 2021.

Holiday Hours and Closures →

Our Truly Local Commitment

As a credit union, we are owned and operated by our Members, and cooperative philosophies and social responsibility are in our DNA. At the core of our philanthropic culture is our Truly Local Commitment to invest 10% of our pre-tax profits back into Niagara Communities and challenge issues like poverty, homelessness, mental health awareness and environmental sustainability. We also support the community and our Members through programs like financial literacy training, and the Bob Watson Community Room space at our Fourth Avenue branch. Our commitment extends to our staff as well. As a certified Living Wage Employer, a living wage is our minimum wage.

We are proud to be a Certified B Corporation, committed to using our business as a force for good. We believe there is a better way to do business for our workers, communities and the environment. And, we walk the talk on those beliefs, 100% of our Financial Advisors are certified Responsible Investing Specialists, and we are committed to our communities by choosing local first. We hire local, buy local and partner with local like-minded organizations who are committed to building a better Niagara too, like Socks for Change.

We offer the same products and services as most other financial institutions, but we do it with a different set of values. It takes courage to be different, and we strive to transform the way banking is done.

Learn about our TLC

Truly Local Advice Blog

See all recent posts →

4 min read

Should I pay off my mortgage or invest more?

With the current low mortgage rates, I am finding a lot of my members have the same question: should I try pay down my...

4 min read

Why is everything so expensive?

Do you remember the good old days: $5 footlongs at Subway, Toonie Tuesdays at KFC or a BigMac extra value meal for less...

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Protect yourself from the wolf in sheep's clothing

Fraud. It includes a lot of faking. Fake companies and employees. Fake messages or emails. Fake fines or balances. All...

Note VirtualWealth is a trade name of Credential Qtrade Securities Inc., Member of the Canadian Investor Protection Fund.
®Qtrade is a registered trademark of Aviso Wealth Inc. Online brokerage services are offered through Qtrade Investor, a division of Credential Qtrade Securities Inc., Member of the Canadian Investor Protection Fund.
The PenFinancial Credit Union Collabria Mastercard is issued by Collabria Financial Services Inc. pursuant to a license from Mastercard International Incorporated. Mastercard is a registered trademark and the circles design is a trademark of Mastercard International Incorporated.For complete terms and conditions of all features and rewards please visit the Collabria Mastercard website.
*Offer can be withdrawn at any time. Initial rate at beginning of GIC is 1.60%. GIC rate increases if the Bank of Canada increases Bank of Canada overnight interest rate. GIC rate increases are limited to a maximum of 0.25% per calendar year and are effective on the day the Bank of Canada increases overnight interest rate.