Notre Dame Federal Credit Union (Notre Dame FCU) announced today that it is again taking the lead in setting local living wage standards by increasing its minimum wage to $16 per hour. When implemented in February 2021, the wage increase will impact approximately twenty-five percent of Notre Dame FCU’s workforce.
The credit union began its initiative to improve local wage conditions in 2017. Since that first above-market wage adjustment, Notre Dame FCU has continued to implement increases each year, with this newest adjustment more than doubling the federal minimum of $7.25 per hour.
Notre Dame FCU President/CEO Tom Gryp said, “Our staff is ‘the best of the best’ of our community and these partners (employees) consistently deliver award-winning service, whether our lobbies are open or closed. This is a team of incredible human beings who truly believe in the mantra of “changing a life a day.”
Gryp continued, “Notre Dame FCU does not exist to maximize profits. Instead, our priority is to improve the financial lives of our members, our partners and the communities in which we serve. That means that “doing the right thing” takes precedent over just making money. It is a mission we are all very proud of and is what makes Notre Dame FCU so special.”
“Now it’s time for other local businesses who are able, especially financial institutions, to step up and do what’s right for their employees as well,” Gryp concluded.
In 2020, Notre Dame FCU was voted Best Credit Union to Work For by the Credit Union Journal, one of the Best-In-State Credit Unions by Forbes Magazine, and named Pillar of the Community by the BBB Serving Northern Indiana. Notre Dame FCU has also been voted Michiana’s Best Financial Institution for the last eight years, Best Mortgage Lender for the last two years, and Best Investment Firm last year in the South Bend Tribune’s Readers’ Choice awards.