NOTRE DAME, Ind. – Notre Dame Federal Credit Union has become the latest to announce it has increased the minimum wage for its employees, marking the third year in the row it has boosted base pay.
Notre Dame FCU reported effective in February 2019, its minimum wage will increase from $14 an hour to $15 an hour. The wage increase will impact approximately twenty-five percent of Notre Dame FCU’s workforce.
Beginning in 2015, the credit union said it initiated a process to establish a living wage for all financial institution partners. At that time, Notre Dame FCU reported it 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, NDFCU 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,” said Notre Dame FCU President/CEO Tom Gryp. “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. “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,” added Gryp. “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.