Truly Local Friends and Family Referral Program

Let your friends and family know just how much you care for them by introducing them to the amazing difference of Niagara's 'Truly Local' Credit Union. Whether they are tired of the same old approach to banking, looking to bank with an organization whose values align with their own, or maybe they've never had an account before, we'd be thrilled to have them join the PenFinancial family. We're a co-operative, so every one of our members are equal owners in this awesomely local credit union. This democratic approach to banking results in lower fees, fairer rates and the investing in Niagara communities to keep our neighbourhoods economically sound and vibrant.

Here's how it works: Refer a friend, neighbour, family member or even your co-worker to PenFinancial and you'll both receive very healthy cash deposits into your PenFi accounts! When your friend becomes a new member and opens a new loan, mortgage or invests new money into one of our GICs, they'll receive cash reward and you'll receive matching cash reward!

new mortgage referral reward

When you get a new mortgage with PenFinancial, both you and the friend or family member who referred you will receive a $2501 cash reward! After all, there are so many great reasons to live in Niagara! Whether you are new to the area, or a proud Niagara lifer, we'd be happy to help finance your home.

New Mortgage = $250 REWARD EACH

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new loan referral reward

When you get a new loan with PenFinancial, both you and your friend or family member who referred you will receive a $1002 cash reward! Whether you are looking for a new vehicle, funding your schooling or renovating your home, we're here to help make your dreams a reality.

New Loan = $100 REWARD EACH

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new gic referral bonus

When you invest with PenFinancial, both you and your friend or family member who referred you will receive a $253 cash reward for every $25,000 invested. When you invest in PenFinancial, you're investing in Niagara and helping to build strong and vibrant local communities.

New Investment = $25+ REWARD EACH

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(you can choose an Advisor or simply a PenFi branch that you believe would be most convenient for them)

Terms and Conditions
These offers cannot be combined with any other PenFinancial promotion or special offer.
Within 30 days after the new mortgage, loans or deposit have been processed, both the referring and new member will receive their incentives by direct deposit to their PenFinancial account. The referring member must have an active personal or sole proprietorship PenFinancial account. The Friends and Family Referral Program offers cannot be combined with any other PenFinancial rate promotion or special offer.
1- Mortgage minimum of 5 year closed term.
2- Personal loans must be on PenFinancial's book for one year or, at time of payout, a fee of $100 will be charged against the loan.
3- Investment products exclude Share Offering and registered investments. Minimum investment of one year, non-redeemable GIC.
This program is subject to change at any time.