Borrowing & Investing

Truly Local Commitment

🎁 2024 Wrapped! 🎁

PenFi-TLC-Seal

 

Another Truly Local Year to celebrate!

2024 has been an even more remarkable year for us, filled with an incredible array of community events, fundraisers, runs, bike rides, and so much more! We are thrilled to have helped even more people and initiatives, further strengthening our communities and continuing to work alongside fantastic partners and non-profits across Niagara and Haldimand. 

This year, we took things a step further with our PenFinancial Truly Local Grant Program, now in its second year. We were able to award a total of SIX grants to local non-profit organizations, helping them make a lasting impact.

We are beyond proud of the difference weve made in 2024, and it’s all thanks to the unwavering generosity of people like YOU, as well as our dedicated community partners. Here’s a glimpse of some of the amazing things we’ve accomplished together this year!

Over 1,000 volunteer hours served

OVER

2,200

Volunteer hours served in the Niagara & Haldimand regions. Every PenFi employee is encouraged to complete at least one volunteer activity in their community as part of their Truly Local Commitment goal.

Over $20,000 in TLA donations

OVER

$17,000

in TLA donations made. Every year, we make a charitable donation of $200 on behalf of each of our employees to reward their volunteerism and community involvement!

PenFi Truly Local Commitment - Cheque Presentations

70+

LOCAL ORGANIZATIONS SERVED

our staff members have volunteered their time with over 70 non-profit and community organizations in Niagara, Haldimand and the surrounding area

Branch fundraisers

Over

$5,000

in additional donations raised through Branch fundraisers. Our PenFi branches actively participate in a variety of community building events and fundraisers all year round.

$40,000

in Corporate Donations

$10,000+

in Bursaries

$25,000+

in Truly Local Grant Funding

donations-and-sponsorships

Our 2024 Truly Local Grant Program Recipients

$10,000

to Open Arms Mission

The funds will go towards their Food Rescue Project, which ‘rescues’ surplus food and distributes to those struggling with food security in the Welland community.

Learn more about Open Arms Mission →
Open Arms Mission

$6,500

to Positive Living Niagara

The funds will go towards the Migrant Agricultural Workers (MAW) Mobile Health and Wellness Clinics in South Niagara.

Learn more about MAW Mobile Health and Wellness Clinics →
Positive Living Niagara

$2,500

to Comfort Bears

The funds will go towards the purchase of comfort bears and kits for youth experiencing trauma, crisis, or medical treatments in Niagara.

Learn more about Comfort Bears →
Comfort Bears

$2,000

to the Welland Legion

The funds will go towards their Christmas for Veterans program, which provides 20 Welland veterans with a $100 gift card of their choosing.

Learn more about the Welland Legion →
Welland Legion

$2,000

to Strong Fort Erie Neighbourhoods

The funds will go towards their Post Holiday Emergency Food Boost program, which will provide a variety of nutritious food items to 400+ neighbours after the holidays.

 

Learn more about Strong Fort Erie Neighbourhoods →

Strong Fort Erie Neighbourhoods

$2,000

to Bethlehem Housing & Support Services

The funds will go towards the purchase of a new stand up freezer, which will help bring more nutritious, culturally relevant food to their residents. 

Learn more about Bethlehem Housing →

Bethlehem Housing & Support Services

Employee Spotlight ✨

Our employees are the best, and we’re so proud to shine a light on this year’s Truly Local Ambassador Award winner, Darren DiMarco.

Earlier this fall, Darren was selected by his peers to receive the Ken Janzen Truly Local Ambassador Award. This recognition is awarded to an employee of PenFinancial who goes above and beyond through their personal contribution of volunteering their time to a charity or non-profit in the Niagara or Haldimand regions. The recognition includes a donation of $2,000 in the winners name to a charity or charities of their choice.

Darren is involved in many community initiatives and chose to split his donation between Julias Hope Cup ($1,000), Hotel Dieu Shaver ($500) and Plymouth Public Schools Breakfast Program ($500). Darren is deeply committed to his community and proud to support Welland, the city he was born and raised in. Julia’s Hope Cup is a perfect fit for his passion for both Welland and hockey. Having gone to Notre Dame High School with Julia, this event holds a special place for him. After participating last year, he’s excited to join again and support such a great cause.

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Community Spotlight 🙌

It’s an honour to recognize the Fort Erie Native Friendship Centre, who received a $25,000 grant from EQ Bank’s Empowering Your Community grant program. PenFinancial applied for the grant on behalf of FENFC’s Grow Program, which received a Truly Local Grant of $8,000 in 2023.

The $25,000 will enable the Fort Erie Native Friendship Centre to expand the scope of the Grow program, reaching more participants and enhancing the resources available to them. This funding will provide garden beds, accessible pathways and beds, a seed library, Indigenous guest speakers and workshops, and a student part-time job to learn about gardening, sustainability, and Indigenous Resurgence and Resilience.

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What makes us really special…

In addition to investing a portion of our profits back into the community, we’re committed to sustainability, too! We proudly choose 100% renewable energy for all of our locations through our partnership with Bullfrog Power.

We also care about our people. We are proud to be the first financial institution in Niagara to be recognized as a Living Wage Employer by the Ontario Living Wage Network

And last but not least, we’re proud to be B Corp certified. This means we demonstrate high social and environmental performance, accountability and transparency to all stakeholders. 

PenFinancial Credit Union Environmental Impact

Bring on the New Year!

New year, same us, bigger impact. We’re excited to grow our Truly Local Commitment activities in 2025. Make sure you’re following along to see what we get up to!

Cheers to the New Year!

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