Payroll deduction is the easy way to save. You decide how much to save each month and it is deducted from your pay and credited to your Cheshire Neighbours Credit Union savings. It is so easy, you won’t even notice, and it is amazing how quickly your savings grow!
How much could you save? We recommend you start with a small, manageable amount that you won’t miss too much. Why not put part of your savings into our Christmas Savings account too?
Evidence shows that people are much more likely to have a savings account where employers have a payroll savings scheme with the credit union. The financial stability established by the availability of savings or low cost loans is seen as a real benefit by employees who use the service. This in turn can reduce stress caused by financial problems, reducing staff turnover, sickness levels, and absenteeism.
Cheshire Neighbours Credit Union provides this facility to a number of employers including:
CNCU is authorised and regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA). The regulation is the same as for other banks and building societies, requiring robust financial systems, training of staff, and internal/external audit systems. Member‘s savings are protected by the Financial Services Compensation Scheme up to £85,000 per person.
If you would like to take advantage of this opportunity to save money by payroll deduction, or would like to offer your employees access to secure savings accounts and low cost loans, please contact us on 01270 685625. Alternatively please complete and return the Payroll Deduction Form.