We are now providing payroll deduction through a number of local employers. These companies all offer their staff the ability to have money deducted straight from their salary in to their Credit Union account. KMBC, KHT, Knowsley Community College, St Helens MBC, Hope Centre, Magna and Warmer Energy are all now payroll partners of ECU.
How does it work?
When you join the credit union you should complete a payroll deduction form which is then sent to your payroll department. Every month the payroll department sends us a list of all deductions made and the total payment arrives in our bank generally a few days later. Once we have received the payment we post amounts directly to member accounts to cover any savings or loan commitments. This process is handled on behalf of the members by the Credit Union staff and the payroll departments and is done in the strictest confidence. Payroll personnel only know the amount of the deduction and nothing else, and no information regarding loans or any other deduction is shared. If you want to change the amount, just complete a Payroll Amendment Form and we will make the necessary changes with your payroll department. Enterprise Credit Union would like to offer this facility to all employees so If your employer hasn't signed up yet, why not ask them to contact us and we can arrange to talk through the benefits of this service.
Download Payroll Application (554.8kb) or these payroll applications are also available on line: Click to join online
Starter Loans for Payroll Members
Payroll Starter loans up to £500 are now available. If you wish to apply for a loan please complete the form below and return via e-mail to firstname.lastname@example.org or drop in to your nearest branch.
Download LOAN APPLICATION (139kb)
Employers are able to help their Employees to save by becoming one of Enterprise Credit Unions Select Employer partners.
Employees elect the amount they want to save; the HR or Payroll department deduct the nominated amount and send it to the credit union where it is allocated to the employee’s savings account.
The benefits to the employer include:
The benefits to employees include:
We can also arrange to talk to your staff to promote the benefits of saving with the Credit Union. This is an excellent benefit to offer your staff, encouraging them to save regularly.
Enterprise Credit Union is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority. Firm Reference Number (FRN) is 213291.©2016 Enterprise Credit Union All Rights Reserved. Site by / KeeleSoft / Birdinkweb