Notre Dame Federal Credit Union Raises Minimum Wage to $15/Hr
December 19, 2018
NOTRE DAME, IN - December 19, 2018 – Notre Dame Federal Credit Union (Notre Dame FCU) announced today it will increase the minimum wage paid to partners (employees) for the third year in a row. Effective February 2019, the credit union’s minimum wage will increase from $14/hr to $15/hr. The wage increase will impact approximately twenty-five percent of Notre Dame FCU’s workforce.
Beginning in 2015, the credit union initiated a process to establish a living wage for all financial institution partners. At that time, Notre Dame FCU also eliminated a two-tier system for Paid Time Off (PTO) for exempt and non-exempt partners. This resulted in hourly workers being able to accrue the same PTO benefits as salaried/management employees.
Notre Dame FCU President/CEO Tom Gryp said, “For the third year in a row, we have taken a leadership role by increasing wages for staff such as tellers in the South Bend area. During this current period of record bank profits, I believe it is long overdue for all financial institutions to follow this lead and begin paying a living base wage for their tellers and lower paid employees.”
Gryp concluded, “Notre Dame FCU does not exist to maximize profits. Instead, our priority is to improve the lives of our members, our partners and the communities in which we serve. That means “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.”
In 2018, Notre Dame FCU was voted Most Positive Work Environment/Culture and Best Overall Company to work for in the medium company category in the Michiana.Jobs- Best Places to Work poll conducted by the South Bend Tribune. Notre Dame FCU has also been voted Michiana’s Best Financial Institution for the last six years in the South Bend Tribune’s Readers’ Choice Awards.
About Notre Dame Federal Credit Union
Notre Dame Federal Credit Union (Notre Dame FCU) is a not-for-profit financial cooperative. With assets exceeding $600 million and more than 57,000 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 nine 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. Visit us at www.NotreDameFCU.com