For Employers

Calling all EMPLOYERS!!

We have a fantastic opportunity for employers to offer a staff benefit that is FREE of charge! If you are looking for a fantastic FREE benefit that you can offer to your employees then look no further. We have just what you need!

We offer savings accounts for adults and juniors with no hidden costs, free life insurance and low cost loans. Savings are protected by FSCS.

WHAT IS PAYROLL SAVING?

The best way to think of a payroll savings scheme is in the same way that a pension payment is made; directly from wages or salary. A link is set up between the credit union and the payroll department of the organisation. Members of staff sign up and open a credit union account and then specify a savings amount to be deducted each month or week. The amount is deducted from the net salary (after tax) and transferred directly into their credit union account.

Payroll deductions are a FREE employee benefit that you could offer to your employees. Employees who save regularly and manage their money well are more likely to cope with unexpected bills and are shown to have lower levels of stress. This, in turn, leads to a higher level of productivity and motivation, and a reduction in staff absence.

CREDIT UNION CONSORTIUM

East Kilbride Credit Union is part of the Credit Union Consortium, along with four other innovative Scottish Credit Unions.

The consortium is a not-for-profit, community-based organisation, that can help you improve your employees’ financial well-being.

You can find out more about the Credit Union Consortium here.

If you feel that East Kilbride Credit Union would provide a great free benefit  for your employees, please feel free to download the promotional material below and display in your workplace.

If you would like to find out further details about offering your employees the chance to save via payroll savings or to arrange a site visit from a representative of the credit union to discuss the many benefits please contact us at info@ekcreditunion.co.uk or on 01355 224771.