Top Employer: Provincial Credit Union Ltd.

Recognized as one of Canada's Top 100 Employers (2025) and Atlantic Canada's Top Employers (2025):

By Richard Yerema and Kristina Leung, Mediacorp Canada Inc. staff editors (Nov 14, 2024)

Here are some of the reasons why Provincial Credit Union Ltd. was selected as one of Canada's Top 100 Employers (2025) and Atlantic Canada's Top Employers (2025):

Provincial Credit Union encourages employees to give back to the local community with two paid days off to volunteer and the Pay it Forward initiative, providing employees with $50 to "pay it forward," whether used as a donation to a charity they love or to buy a grocery gift card for a family in need -- the only parameter is to keep initiatives local
Provincial Credit Union supports all new parents with maternity and parental leave top-up (to 75 per cent of salary for up to 26 weeks) and offers the option for parents to extend their leave into an unpaid leave of absence
Along with being located in one of the country's most beautiful vacation destinations, Provincial Credit Union starts new employees with three weeks of paid vacation, working to a maximum of six weeks over their careers -- and helps employees manage their day-to-day responsibilities with additional personal paid time off to attend to personal matters (up to 30 hours per year for full-time employees)

Provincial Credit Union employees, Caroline Nicholson, account manager, Kathyrn Gallant, account manager, Linda McGibbon, CHRO, and Lolia Dagogo, member services representative attend the PEI Business Women's Associate Networking event

Employer Background

Industry	Credit unions
Established in Canada	2021
Major Canadian locations	Tyne Valley PE, Tignish PE, Stratford PE, North Rustico PE, O'Leary PE, Montague PE, Kensington PE, Wellington PE, Charlottetown PE, Alberton PE
Full-time employees in Canada	172
Part-time employees in Canada	23
Workforce engaged on a contract basis	6%
Average age of employees in Canada	45 years
Longest serving employee	40 years

Work Environment Rating: B

Flexible work options	hybrid work option, flexible work hours, telecommuting, shortened work week (fewer hours with less pay), compressed work week, job-sharing program
Commuter amenities	walk to public transit, free parking, electric vehicle charging stations
Onsite workplace features	telecommuter workstations, sit-stand workstations, self-serve lunchroom

Work Atmosphere & Communications Rating: B+

Employee social committee name	PCU Social Committee (est. 2023)
Past social events	numerous fun events throughout the year, including a spring family party, an East Coast art party, the "Branch Positive Thinking Day" (with mid-morning treats), pumpkin carving contest at Halloween, door decorating contest and the "Who's the Grinch" contest during the Christmas season
Cultural aspects	business-casual dress daily, casual dress Fridays
Employee communications	company newsletter, traditional/email suggestion box

Financial Benefits & Compensation Rating: A+

Outside salary surveys	participates in outside salary surveys every 12 months
Employee salary reviews	individual salaries are reviewed every 12 months
Long-term savings	defined-contribution (DC) pension, matching RSP
Long-term planning	phased-in retirement work options
Year-end bonuses	available to all employees
Referral bonuses (max)	new employee referral bonuses (up to $1,500) for some positions
Additional financial benefits	low-interest home loans, annual clothing allowance (up to $750 per year), discounted banking fees (from safety deposit boxes to mortgage rates to everyday banking)

Health & Family-Friendly Benefits Rating: A

Health plan premium	as part of the health plan, the employer pays up to 100% of the premiums
Minimum hours worked for coverage	19 hours per week
Waiting period for coverage	90 days
Family coverage option	yes
Retiree coverage option	up to 65 years of age
Dental coverage	routine, restorative, orthodontics
Eyecare	$250 every 2 years
Paid sick days	employees receive 10 days off each year
Health plan includes	traditional coverage (e.g. prescription drugs), employee assistance (EAP) plan, semi-private hospital room, physiotherapy, medical travel insurance, homecare, medical equipment and supplies, massage therapy, nutrition planning, podiatrist, osteopathy, chiropractor, alternative coverage (e.g. acupuncture, naturopathy)
Mental health practitioner benefit	up to $2,000 each year
Fitness club subsidy	up to $200 each year
Additional health plan information	retirees can stay enrolled in the health plan (until age 65) with sliding premium coverage based on years of service (from 25% to 75% premium coverage)
Maternity top-up (mothers)	up to 75% of salary for 26 weeks
Parental top-up (fathers)	up to 75% of salary for 26 weeks
Adoption top-up	up to 75% of salary for 26 weeks
Additional family-friendly benefits	extended parental leave to unpaid leave, academic scholarships of up to $500 per child
Additional family-friendly information	personal days/time off (30 hours annually) can be used to take care of personal matters during work hours (part-time employees also receive a pro-rated personal time allotment), academic bursary program for children of employees (to $500) pursuing post-secondary studies after high school graduation

Vacation & Personal Time-Off Rating: B+

Vacation allowance	new employees receive 3 weeks of paid vacation after their first year on the job
Vacation jump	vacation increases after 5 years of employment
Maximum vacation allowance	employees move to a maximum of 6 weeks of vacation over their career
Previous experience	considers previous work experience when setting annual vacation for new employees
Personal paid days off	employees can schedule 4 personal days off each year, as needed

Employee Engagement & Performance Rating: B+

Employee performance reviews	employees receive individual performance reviews every 6 months
Managers receive performance review training	yes
360° feedback option	as part of the review process, performance feedback is also solicited from co-workers and other managers familiar with each employee's work
Confidential employee feedback	employees can also provide confidential feedback on their manager's performance
Exit interview	exit interview option is available for departing employees
Performance recognition	individual performance bonuses, peer-to-peer recognition awards, long-service awards
In-house survey period	in-house surveys are conducted every 2 months

Training & Skills Development Rating: B

In-house training initiatives	mentoring, in-house training, online training, leadership development programs, paid internships, subsidies for professional accreditation
Related tuition subsidies	employer covers up to 100% of tuition per year

Community Involvement Rating: A

Scope of charitable involvement	local
Employee charitable involvement	employees are involved in selection of charities, employees receive paid time off to volunteer, (up to 2 paid days)
Total number of charities supported last year	approximately 250 charitable and community organizations were supported last year
Some of the community organizations supported	Local 2 Loyal Challenge, Rock the Boat Music Fest, Financial Literacy program, PEI Connectors, PEI Business Women's Association, academic scholarships (available to students province-wide), Town of North Rustico (summer concert series), Tignish Seniors Home Care Co-op, University Prince Edward Island UCUP Sponsor (athletic sponsorship), to name a few
Community highlight	Provincial Credit Union's charitable program is built around support for local initiatives -- each department receives a budget to encourage "Random Acts of Kindness" in their community (employees decide what organizations and individuals to support, from paying for groceries, to providing treats at a local daycare to giving a gift card) and the "Pay it Forward" initiative (employees receive $50 to pay forward in whatever way they decide, with the only condition is to keep it local)

Provincial Credit Union Ltd.

Visit website