NOTRE DAME, IN – January 31, 2022 – Notre Dame Federal Credit Union (Notre Dame FCU) announced a new minimum wage of $17 per hour today. The credit union began its initiative to improve local wage conditions in 2017, when it proactively raised its minimum wage to $13.50. Since its first above-market wage adjustment, Notre Dame FCU has continued to implement increases each year. Upon implementation in March 2022, this wage increase will impact approximately 18% of Notre Dame FCU’s workforce.
President/CEO Tom Gryp said, “Our ability to pay above-market wages to our incredible partners (employees) is a direct reflection of the loyalty and support of our members. My deepest thanks go out to our growing membership base, who without their ever-increasing utilization of our services, none of this would be possible.”
Gryp concluded, “Now is the time for other financial institutions, who are currently experiencing very strong earnings, to step up and do what’s right for their employees as well. If not now, when?”
In 2021, Notre Dame FCU was voted Best Credit Union to Work For by the Credit Union Journal and has also been voted Michiana’s Best Financial Institution for the last nine years, Best Mortgage Lender for the last three years, Best Investment Firm for the last two years and Best Insurance Agent last year 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 $800 million 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 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. Notre Dame FCU is independent of the University. Visit us at www.NotreDameFCU.com. Insured by NCUA.