Funny, how when you ask a bunch of Niagara Region students what they’re looking for in a financial institution – the answer is pretty clear – ‘simple’ and ‘free’, that’s it.

When we were developing our Sprowt Student Banking Package, we decided to concentrate on the ‘simple’ and ‘free’ part. Basically, everything is free for all Sprowt members up to 18 years of age and full-time post-secondary students, no matter how old you are. All you need to do to take advantage of these great offerings (which, by the way, you won’t find at any other bank or credit union in Niagara) is simply complete the application form and we’ll contact you to get you set up, or you can visit any one of PenFinancial Credit Union branches to open a Sprowt NO FEE Student Banking Account!

  • Free chequing account with no service fees
  • Unlimited debit and ATM transactions*
  • Free online banking and bill payment
  • Daily interest paid monthly
  • Discounted student loans
  • No fee Student MasterCard*
  • Annual Scholarship
  • Free email and mobile money transfers
  • Free mobile banking
  • Free on-line banking and telephone banking

Sprowt Video Scholarship

Are you planning to attend or return to post-secondary school this fall? Wondering how you'll manage to pay for tuition and books? We can help! Sprowt.ca is pleased to offer our Video Scholarship Contest, giving students in Niagara an opportunity to win some cash. Each year, PenFinancial Credit Union gives away $4,000 in scholarships to local students.

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mobile banking

Mobile Banking

Bank on the go with our Mobile App for IPhone & Android devices. It’s a fast & secure way to handle everyday banking whenever and wherever.

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online banking

Online Banking

Didn’t get to your branch in time? Don’t fret! Online banking allows you to perform a variety of banking services from the comfort of your own home.

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no fees

No Fees

Our Sprowt No Fee Banking Account is pretty self-explanatory. No Fees. Period.


Money Management

Whether you have $10,000 or $1 in your account, it’s important to have an understanding of money management skills. It could be as basic as knowing how to create a budget...

ding free


Say goodbye to ATM surcharges. We belong to one of the largest ATM networks in Canada with over 2,400 ATMs nationwide and over 45 ATMs right here in Niagara. Download the ...

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co-operative young

Co-operative Young Leaders Camp

We firmly believe in helping guide & nurture Niagara’s future leaders. Each year, we sponsor up to four local youth ...

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Sprowt Jr.

Our Sprowt jr. account offers the very same benefits as our regular Sprowt.ca account, but is designed specifically for children aged 0 to 12 years. Sprowt jr. accounts are a perfect ‘first account’ to help children understand the value of saving money or budgeting for a special purchase. Your children are never too young to start saving…with Sprowt jr, their savings grow as quickly as they do!

  • Free Sprowt Jr. Piggy Bank
  • Daily interest paid monthly
  • Choice of Sprowt passbook or online statements
  • Free mobile app and online banking
  • Free account with no service fees
  • Annual Scholarship
  • Unlimited debit and ATM transactions*
  • Regular incentives to encourage young savers to save for special purchases

Branch & ATM Locations

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