NOTRE DAME, Ind.– Notre Dame Federal Credit Union said that effective February 2017 none of its employees will be paid less than $13.50 per hour.
In addition, the $480-million NDFCU said it is also eliminating its two-tier system for Paid Time Off (PTO) for exempt and non-exempt partners. As a result, hourly workers will accrue the same PTO benefits as salaried/management employees, the credit union said.
“This change represents a significant compensation improvement for our partners,” said President and CEO Thomas J. Gryp in a statement. “Our staff is comprised of ‘the best of the best’ in our community and they deliver incredible service to our members. This wage and PTO adjustment simply acknowledges how invaluable our partners are to our members and to the overall success of our credit union.”
“The loyalty of our members has resulted in continued growth of Notre Dame FCU,” added Chief Financial Officer Michael Goad. “As a credit union, we return much of that success to our members in the form of lower loan rates, cash back incentives and free financial literacy programs. Here at Notre Dame FCU, that philosophy also extends to our partners, who make that loyalty and success possible.”