Notre Dame Federal Credit Union raises minimum wage to $13.50 per hour
NOTRE DAME, IN (December 8, 2016) — Notre Dame Federal Credit Union (Notre Dame FCU) announced today that effective February 2017, no partner (employee) working at the credit union will earn less than $13.50/hr. The credit union also announced it is eliminating its two-tier system for Paid Time Off (PTO) for exempt and non-exempt partners. As a result, hourly workers will accrue the same PTO benefits as salaried/management employees.
“This change represents a significant compensation improvement for our partners,” said President and CEO Thomas J. Gryp. “Our staff is comprised of ‘the best of the best’ in our community and they deliver incredible service to our members. This wage and PTO adjustment simply acknowledges how invaluable our partners are to our members and to the overall success of our credit union.”
“The loyalty of our members has resulted in continued growth of Notre Dame FCU,” said Chief Financial Officer Michael Goad. “As a credit union, we return much of that success to our members in the form of lower loan rates, cash back incentives and free financial literacy programs. Here at Notre Dame FCU, that philosophy also extends to our partners, who make that loyalty and success possible.”
Gryp concluded, “We are not in business to maximize profit. We are here to better the financial lives of our members. Ensuring all our partners earn a meaningful wage is just an extension of that same mission.”
About Notre Dame Federal Credit Union
Notre Dame Federal Credit Union (Notre Dame FCU) is a not-for-profit financial cooperative. With assets exceeding $1 billion and more than 60,000 members worldwide, Notre Dame FCU's dedicated partners (employees), coupled with a wide array of financial services, provide members a personalized experience through the credit union's eleven convenient branch locations, its virtual branch (Shamrock Center), and through its robust online banking platform and mobile apps. Founded in 1941, Notre Dame FCU has grown from its origins in the Administration Building at the University of Notre Dame, and today serves over 900 affiliated groups. Notre Dame FCU is independent of the University. Visit us at www.NotreDameFCU.com. Insured by NCUA.