Daily Business Banking

News & Media

Financial news can be boring, but not with PenFinancial. Learn about new products and services that benefit you. Find out how PenFi is helping in your community. From new products and promotional offers to up-to-the-minute credit union news, you’ll find the latest news and announcements from PenFinancial here.

Media inquiries, please contact

Kerry Ould, Chief Marketing Officer

Latest news

Dec 18, 2020







Nov 19, 2020

To make contactless payments even more convenient, Interac Flash tap limits have increased.  As a PenFi Member you can now use your debit card to make purchases of up to $250 per tap transaction for a total amount of $400 per day without needing to enter your PIN.  To activate this change, you simply need to complete three consecutive chip transactions.   There is no time limit on completing these transactions, however they must be consecutive and not include any tap transactions in between. These can be made at an ATM or at point of sale.


PenFinancial has once again partnered with Socks For Change to help those in need in Niagara this winter. With a $20,000 donation, over 10,000 pairs of high quality wool socks will be distributed to schools, shelters, and other organizations. Learn more about the Socks for Change partnership.

Oct 5, 2020 In consultation with our Board of Directors, and other business considerations, we have made the decision to merge the Bunting Road and Huggins Street branches with our Fourth Avenue and Dorchester Road branches respectively. Please visit penfinancial.com/branch-news for more details.
Sept 17, 2020 Effective immediately, Mr. Chris Lamb will no longer be serving on PenFinancial’s Board of Directors. We thank him for his service.
April 20, 2020 $10,000 in scholarships to be awarded to Niagara students
April 09, 2020 PenFinancial donates $20,000 to local organizations during COVID-19 crisis
April 19, 2019 PenFinancial first Niagara based company to become a Certified B Corporation®

View the news release archive →

Fast Facts about PenFinancial Credit Union

PenFinancial is a truly local values-based credit union that is committed to improving the lives of over 20,000 members and businesses. We delivers a full range of financial services online, by mobile, and through a network of 8 branches across Niagara and Haldimand County.

Through our Truly Local Commitment, we are a  Certified B Corporation and Living Wage employer, and we invests 10% of our pre-tax profits into the communities we serves.

Our mission is to improve lives and strengthen communities.

  • Over 20,000 Members strong
  • 100% owned by Members, whom each own a share
  • Over $800 million in assets
  • Our 100 employees live and work in Niagara and Haldimand County
  • Open bonded credit union, anyone can join