Payroll Deduction Scheme - Employees Information
An easy and simple way for you to save & borrow with your credit union.
How does it work?
Your payroll department will take an amount (usually a fixed amount) each month from your salary and deposit it into your credit union account. They won't know what the money will be used for (e.g. savings or loan repayment), just the total amount you want to transfer.
What's in it for me?
Free and easy to set up
Access to low-interest, affordable loans
Ethical saving products which offer instant access
Convenient way to manage your money
Support your local economy by saving with our co-operative
How do I know if my employer provides this service?
Check with us or your employer to see if they offer payroll savings. If your employer doesn't already why not ask your employer about implementing the service? It's completely free to set up and we'll be happy to offer guidance and support along the way.