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


View annual reports →

Latest news

May 4, 2022

PenFinancial Credit Union CEO announces retirement

Coming off a record setting year in 2021, Ken Janzen, Chief Executive Officer of PenFinancial Credit Union today announced his intention to retire in fall 2022.

Read the full news release →

April 8, 2022

PenFinancial announces partnership with Willow Arts Community

As part of our Truly Local Commitment to health and wellbeing, PenFinancial is proud to announce our partnership with Willow Arts Community as the Arts Training Sponsor for the 2022 spring season.

Read the full news release →

February 28, 2022

PenFinancial responds to Ukraine crisis with a $5,000 donation

In response to the rapidly escalating crisis in Ukraine, PenFinancial has made a $5,000 donation to help people affected and in need of humanitarian assistance.  

Funds are being directed to the Canada-Ukraine Foundation Humanitarian Appeal which is providing humanitarian assistance/relief in the areas of Assistance to displaced persons, Medical care, Emergency shelter and Food security.

Our thoughts go out to those affected by this crisis.  

October 20, 2021

Stronger Together – Niagara Credit Unions join forces in support of 2022 Canada Summer Games

In the spirit of National Co-op Week and International Credit Union Day, PenFinancial Credit Union has joined forces with Meridian Credit Union and FirstOntario Credit Union to provide vital support to the Niagara 2022 Canada Summer Games, and encourage the community to get involved in next year’s Games.

Read the media release →
Read the full story →

September 8, 2021

PenFinancial Credit Union signs on for green electricity and green natural gas with Bullfrog Power®

Canada’s leading green energy provider, Bullfrog Power Inc. (“Bullfrog”), a Spark Power company, announced that PenFinancial Credit Union is choosing green electricity and green natural gas for its Central Services location, and all six branches located throughout Niagara Region and in Dunnville, Ontario.

Read the media release →

August 20, 2021

PenFinancial Credit Union has announced today the resignation of Mario De Divitiis from the Board of Directors.

Mario has been a valued member of the Board since he was first elected in April 2019.  We thank him for his exemplary service and we wish him well in his future endeavors.

August 4, 2021

PenFinancial Credit Union to observe National Day of Truth and Reconciliation

PenFinancial will be observing the National Day of Truth and Reconciliation by closing our branches and offices on September 30, 2021 to enable our employees to recognize and remember the legacy of the residential schools. 

Read the media release →

July 19, 2021

Best for the World™ 2021 - Governance

At PenFinancial, we are incredibly proud about being recognized as one of the Best for the World™ B Corps of 2021!

July 13, 2021

PenFinancial Announces Partnership with 2022 Canada Games

PenFinancial is excited to announce that we have become an official partner of the Niagara 2022 Canada Summer Games — where we will serve as co-sponsor to the Catch The Spirit and Mascot programs, along with sponsoring a leg of the Torch Relay.

Read the media release →

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 commit to investing a portion of our profits back into the communities we serve.

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