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

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.

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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.

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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. 

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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 →

May 31, 2021

PenFinancial Credit Union announces location for new Niagara Falls branch

PenFinancial Credit Union has announced a new Niagara Falls location with a target opening date of December 2021. The branch will be located at 7190 Morrison Street.

The current Dorchester Road branch will be migrated to the new Niagara Falls branch at that time.

Highlights of the new branch include:

  • Easy to access location with ample free parking
  • High profile shopping centre anchored by Canadian Tire, Home Depot and Zehrs
  • Almost exactly halfway between the Dorchester branch and former Huggins branch locations
  • A much larger space that will be customized for our immediate needs, and support future growth
  • Ample space to accommodate social distancing and other COVID safety measures as needed

“PenFinancial remains committed to the Niagara Falls community. Our investment in this new branch will provide both our staff and members with a more modern facility that will better serve our needs both now, and well into the future,” said Ken Janzen, CEO of PenFinancial Credit Union. “This investment also reinforces the strength of our business and our commitment to the continued growth and sustainability of PenFinancial Credit Union.”

For more information, and regular updates on progress, visit:

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