NOTRE DAME, Ind.– Notre Dame FCU has announced that for the second year in a row it will increase the minimum wage it pays its employees.
Effective February 2018, no employee working at the credit union will earn less than $14 an hour. The change comes a year after the credit union announced its first minimum wage increase to $13.50 an hour and eliminated its two-tier system for Paid Time Off (PTO) for exempt and non-exempt partners.
“Our staff consistently delivers incredible service to our members,” said President and CEO Thomas J. Gryp in a statement. “That performance increases member loyalty, which in turn enables us to share our credit union’s success with the people who make that loyalty possible. As a credit union, we do not exist to maximize profits. We are here to better the financial lives of our members. Continuing to ensure all our partners earn a meaningful wage is just an extension of that same mission.”
The $500-million Notre Dame FCU has more than 54,000 members.