A clear and bold header

Welcome Home to PenFinancial

I'm looking to...

Featured Rates*

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

See all current rates →

3.74%
5-Year Fixed
High Ratio Mortgage
4.44%
5-Year Fixed
Conventional Mortgage
3.50%
15-month GIC
non-redeemable
0.75%
eSavings Account
with $50K 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

image column 1 widget_1626467547527
image column 2 widget_1626467547527
image column 3 widget_1626467547527
image column 4 widget_1626467547527
image column 5 widget_1626467547527
image column 6 widget_1626467547527
PenFinancial 2021 Annual Report

Annual Report

Our 2021 annual report and audited financial statements are now available for download.

Get Your Copy →

PenFi-NF-branch-now-open

Niagara Falls Branch
Now Open!

As of April 25, 2022 our Dorchester branch is closed and we’ve permanently moved to our new location at 7190 Morrison Street.

More Information →

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 →

2 min read

5 reasons to choose a Credit Union

When it comes to personal finances, Canadians have a lot of choices. It can be overwhelming. While there are plenty of...

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...

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.
 
*Rates are subject to change without notice. Offer can be withdrawn at any time. Initial rate at beginning of GIC is 2.00%. 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.
 
1 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.