New payroll scheme for Castle & Crystal CU
08 May 15
Castle & Crystal Credit Union has launched a payroll deduction scheme in partnership with Worcestershire Acute Hospitals NHS Trust to enable employees to benefit from ethical and convenient savings and loans.
Worcestershire Acute Hospitals NHS Trust provides a wide range of services to a population of more than 550,000 people in Worcestershire, as well as caring for patients from surrounding counties and further afield.
Through payroll deduction, a member’s chosen regular savings contribution is taken straight from their salary on payday. This is a painless way of saving which helps a person get into a regular savings habit, and funds soon build up over time.
The scheme also provides employees with access to affordable loans and other financial services that the credit union has to offer. Loans are available from £500 to £10,000, and repayments can also be made through the convenience of payroll deduction.
Castle & Crystal Credit Union staff were joined by Chief Executive of Worcestershire Acute Hospitals NHS Trust Penny Venables and local Member of Parliament for Worcester Robin Walker MP to launch the payroll deduction scheme (pictured).
Castle & Crystal Credit Union Business & Finance Manager Dharminder Dhaliwal said: “I am delighted to welcome Worcestershire Acute Hospitals NHS Trust to our payroll deduction scheme. They will join the likes of many organisations including Dudley Council and the West Midlands Ambulance Service in benefiting from an easy and convenient way to save and borrow money.
“The payroll deduction scheme has helped many members across the Dudley borough and county of Worcestershire to save and borrow money ethically and we hope more employers will take advantage of our excellent scheme.”