We know that our members employed by partner organisations are responsible people who work hard for the local community. Our payroll members include teachers and teaching assistants, nurses, doctors, office staff, chefs, maintenance workers and everyone from midwives to gravediggers. Borrowing and saving direct from pay is an easy and convenient option for busy people. Having deductions taken automatically from your wages is the most convenient way to save. We have hundreds of members who save this way and we are always looking to extend this service to organisations who do not currently offer it as a staff benefit.
It's simple, you sign an instruction to your company's payroll department to deduct the sum you choose from your weekly or monthly pay, and they forward it to your Gateway Credit Union account. Then you tell us how you want us to allocate it, for instance, between your loan and savings accounts, to save for Christmas, or to pay some into your children's accounts.
You can change the amount you save, or cancel the arrangement, at any time. You can also make extra payments using any of our other payment methods, if you wish.
The current list of organisations offering payroll deduction is:
Staff of these organisations are also eligible for a discounted interest rate, our Partner Loan product, and the Fast Track Payroll Loan.
Benefits to employers.
A number of local employers have chosen to encourage their staff to join Gateway Credit Union and to save direct from their pay. As well as keeping money in the local economy, they recognise that Gateway membership has benefits for their employees. Quite simply, employees with fewer money worries at home are happier and more productive at work.
Minimal to the employer - all the administration of members accounts is done by the staff of Gateway Credit Union. All the employer need do is to provide the link to their payroll department and access to internal distribution networks for promotion of the scheme.
If you are a local organisation interested in these benefits to you and your workforce and can offer a Payroll Deduction facility, or you would like further information please contact us.