Living Wage accreditation for WCCU
15 Dec 16
Wolverhampton City Credit Union (WCCU) has been formally accredited as a Living Wage employer.
The Living Wage commitment will see that everyone working at WCCU, regardless of whether they are permanent employees or third-party contractors, receives a minimum hourly wage of £8.45 - significantly higher than the National Minimum Wage and the new National Living Wage for over 25s of £7.20 per hour which was introduced in April.
WCCU Manager Matt Goulding said: “Becoming a Living Wage employer is absolutely in keeping with our commitment to being a fair and ethical business dedicated to the financial inclusion and security of our members. We achieve this by valuing our employees as much as our members and our board of volunteer directors.
“We’re delighted to be one of the few employers in the city and the sub-region we serve to have achieved accreditation. In a small but significant way, we’re contributing to our employees’ greater financial security – and boosting the local economy.”
Administrative Assistant Jazzmynne Dixon (pictured), who started her career at the credit union as an apprentice, said: “It’s great to work for an organisation that cares about its staff. That’s the best motivation for working hard and doing our best for our members.”
Paid by employers on a voluntary basis, the Living Wage is an hourly rate set independently and updated annually and is calculated according to the basic cost of living using the 'Minimum Income Standard' for the UK.
WCCU’s Living Wage accreditation was awarded by the Living Wage Foundation, whose Director Katherine Chapman said: “We are delighted to welcome Wolverhampton City Credit Union to the Living Wage movement as an accredited employer.
“The best employers are voluntarily signing up to pay the Living Wage now. The Living Wage is a robust calculation that reflects the real cost of living, rewarding a hard day’s work with a fair day’s pay.”
WCCU serves almost 8,000 members who live, work, study or volunteer in the WV postcode area of Wolverhampton, South Staffordshire and parts of Shropshire. The credit union has a branch at Worcester Street, Wolverhampton and a counter on the ground floor of the Civic Centre in the city’s St Peter’s Square. It is also accessible to members at work, through the credit union’s partnership with six local employers and via online banking and a mobile banking app.