Payroll for employees
If you work for one of our payroll partner employers you can benefit from the simplest way to save and access low-cost credit union loans.
Saving made easy
Putting a little away each payday can help you quickly build up a nest egg. And with payroll saving, there’s no temptation to spend that money elsewhere.
Affordable credit when you need it
With our low-cost loans, you can cover unexpected bills or make your dreams come true by funding that big ticket purchase.
Many members use our payroll loans to pay off existing high-cost credit and reduce interest repayments.
By making payroll loan repayments you needn’t worry about missing instalments or setting up standing orders. And you also improve the chances of your credit application being accepted.
HOW DOES PAYROLL WORK?
If your employer is a credit union payroll partner you can join the credit union.
Simply tell us how much you want deducted from your salary and we work with your employer to do the rest.
Your employer needn’t know whether you are saving or repaying a loan. That’s between you and us.
Steps
1. Open a credit union account
2. Consent to payroll deductions
3. Start saving or apply for a loan
If your employer is not yet a payroll partner you can still join the credit union if you live in Hackney, Haringey, Islington Newham, Tower Hamlets, Waltham Forest or the City of London.