Payroll Deduction

The benefits of payroll deduction

Paying directly into the credit union from their wages, payroll deduction is an easy way for employees to save.

Over 200,000 employees in Britain use payroll deduction to save and borrow with a credit union.

Consequently, 7 out of 10 members continue saving regularly after repaying a loan.

Helping employees manage their money reduces absenteeism and increases productivity. Employees with a savings habit are less likely to get into debt. They are more likely to perform well at work.

As a result employees better manage their money which encourages loyalty. Above all payroll deduction helps you retain your best people.

If your business is based in Liverpool you can sign up for our straightforward scheme. It is easy to administer. If you are an employer or work within a payroll department please complete the form below for more information:

We also work with companies outside of the Liverpool area. See if you qualify by reading about our common bond.

Here’s a selection of the companies we work with