The News Room
ACU declared a Living Wage Employer
March 2011 – Assiniboine Credit Union has been named a Living Wage Employer by the Canadian Centre for Policy Alternatives (CCPA).
A “living wage” is different than the minimum wage. Minimum wages are the legal minimum employers must pay. On the other hand, living wages reflect what wage-earners need to earn to support their family’s basic needs in their specific community.
CCPA bases an appropriate “living wage” on a thorough review of compensation including salary and other benefits. At ACU, these other benefits include a Health Spending Account, variable compensation, reduced transit passes, and more.
ACU has been reviewing its compensation philosophy for a number of years, consistently ensuring their wages meet the needs of employees. ACU met the Living Wage requirements with no need for adjustments.
ACU and our Board of Directors are proud of being granted the distinction of being named a Living Wage Employer.