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Welcome Home to PenFinancial

PenFinancial engages in preliminary merger discussions

We’re excited to share that PenFinancial has announced our intention to pursue a merger with Mainstreet Credit Union.

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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
6-Month GIC
Niagara Shares
2023 Annual Dividend1

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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PenFinancial-2022 Annual Report

2022 Annual Report

Download a copy today

Our 2022 annual report and audited financial statements are now available for download.

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Online Banking and Mobile App

Looking for help with Digital Banking?

Visit our Digital Banking page for updates, how-to guides and downloadable resources to make your banking experience even easier!

Digital Banking support →


Have your say!

Want to share a great experience? Feel we can do something even better? We’d love to hear from you.

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Be a part of something different

We were the first financial institution in Niagara to commit to paying our employees a living wage.

Build your career at PenFi →

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 commitment to community.  Each year we contribute a portion of our profits to charitable causes that help our local communities thrive. 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 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 →

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Note: Qtrade Guided Portfolios 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.
*Rates are subject to change without notice. Additional premiums may apply in cases of a refinance, extended amortizations, non-owner occupied, or other instances where application details may warrant it. A High Ratio mortgage is applicable in cases where a borrower places a down payment of less than 20% of the purchase price on a home. Refinances, renewals and amortization periods of greater than 25 years are ineligible. For a purchase price of $500,000 or less, the minimum down payment is 5%. When the purchase price is above $500,000 and under $1,000,000, the minimum down payment is 5% for the first $500,000 and 10% for the remaining portion. Offer may change or be withdrawn at any time without notice.
1Dividend rates and payments are not guaranteed. Past performance of dividends has no impact on future dividend rates. Shares will earn the same rate as all outstanding Class B Shares, Series 1 of the Credit Union. Niagara Shares are not deposits. Dividends are not guaranteed and may, but need not, be declared on an annual basis by the Board of Directors of the Credit Union in its sole and absolute discretion. The securities are not insured or otherwise guaranteed by the Financial Services Regulatory Authority of Ontario or any similar public agency. There is no market through which these securities may be sold.