NOTRE DAME, Ind. – Notre Dame FCU reported it is “taking the lead in setting local living wage standards” by increasing its minimum wage to $16 per hour.
When implemented in February 2021, the wage increase will impact approximately 25% of its workforce, the credit union reported.
Notre Dame FCU said its initiative to improve local wage conditions in 2017, and since that first above-market wage adjustment, it has continued to implement increases each year, with its newest adjustment more than doubling the federal minimum of $7.25 per hour.
“Our staff is ‘the best of the best’ of our community and these partners (employees) consistently deliver award-winning service, whether our lobbies are open or closed. This is a team of incredible human beings who truly believe in the mantra of “changing a life a day,” said President/CEO Tom Gryp. “Notre Dame FCU does not exist to maximize profits. Instead, our priority is to improve the financial lives of our members, our partners and the communities in which we serve. That means that “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.
“Now it’s time for other local businesses who are able, especially financial institutions, to step up and do what’s right for their employees as well,” Gryp added.