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Your Neighborhood Credit Union has become the latest organization in Perth County to guarantee its employees a living wage, the region’s United Way has announced.
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“By committing to improving the lives of its employees, YNCU is helping to champion our work in building stronger local communities,” Ryan Erb, executive director of United Way Perth Huron, said Monday in a press release. “We appreciate their commitment to this important initiative.
The Kitchener Credit Union manages $2 billion in assets and has 53,000 members in southwestern and northern Ontario. Two of its 17 branches are in Perth County – one in Stratford and one in Mitchell.
“We want our employees to feel valued and to be able to give back to their communities,” said Jennifer Kern, director of sales and coaching for the credit union at Mitchell. “By ensuring they receive a decent wage, we know they will be able to enjoy their life outside of work and invest in the wonderful businesses in Stratford. It’s a great place to live and work, and we want our employees to be able to enjoy all that our community has to offer.
The living wage in Perth and Huron counties is currently set at $17.95 per hour. It is calculated by United Way, which takes into account the estimated living expenses of various family types after government transfers and deductions. Expenses included in the calculation are housing, food, utilities, childcare and transportation.
According to United Way, there are 48 Certified Living Wage Employers in Perth and Huron counties.