Nottingham Credit Union offers payroll membership which means you can save and borrow by making payments directly from your salary. There are many benefits of joining a payroll membership scheme.
Join a Growing UK Membership
There are over 1.5 million credit union members in the UK and national companies such as Royal Mail, British Airways, the NHS and BAE systems are among those UK employers who already offer their staff a payroll membership scheme. In Nottingham the following organisations currently partner with Nottingham Credit Union to provide their employees with payroll membership:
- Rushcliffe Borough Council
- Nottingham City Transport
- Nottingham City Council
- Mansfield District Council
- Nottingham Community Housing Association
- Nottingham City Homes
- Nottinghamshire County Council
- Newark & Sherwood District Council
- Broxtowe Borough Council
- Gedling Borough Council
What are the Benefits?
The benefits of joining a payroll membership scheme are:
- Annual return on savings
- Access to affordable loans with fixed interest rates
- No transaction fees for saving or borrowing money
- Online branch and facilities
How does it work?
If your employer is not yet a partner you can ask them if they would like to join. It’s completely free of charge and we can set it up with them. If your employer is already a partner then when you have joined with us as a member you simply instruct your HR or payroll department that you would like to make regular payments to your Nottingham Credit Union account. The service is confidential which means that they don’t know whether the payment is for a loan repayment or for savings. You simply specify the amount you wish to send each month.
The beauty of payroll membership is that when money is taken from your salary directly you don’t really notice it as much as making payments from your bank in the usual way.
Visit www.payroll-pro.org.uk to find out more information about the benefits of joining a payroll membership scheme.