Lanarkshire CU pays Living Wage
28 Mar 17
Lanarkshire Credit Union has been applauded in Parliament for becoming an accredited Living Wage employer.
The Living Wage commitment will see everyone working at Lanarkshire Credit Union – regardless of whether they are permanent employees or third-party contractors – receive 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 last April.
Lanarkshire Credit Union is the latest in a growing list of credit unions across Britain to be officially recognised by the Living Wage Foundation for offering pay that reflects the real cost of living.
Lanarkshire Credit Union’s Carolann Smillie said: “Being accredited as a Living Wage employer reflects the core values of the credit union and makes a positive contribution to society. Not only is paying employees a wage that supports a decent standard of living a responsible thing to do, but there are also clear business, societal and economic benefits in doing so.”
Living Wage Foundation Director Katherine Chapman said: “We are delighted to welcome Lanarkshire 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.”
Founded in 1991 as Blantyre Credit Union, Lanarkshire Credit Union has grown over the years to serve 23,000 members across North and South Lanarkshire, including more than 8,000 junior savers through the acclaimed Savvy Savers schools project.
Local MSP Clare Haughey (SNP, Rutherglen) lodged a Motion in the Scottish Parliament commending the credit union on its accreditation, noting that one-in-five people in Scotland do not receive a living wage and encouraging “all employers to follow Lanarkshire Credit Union’s example and become accredited as a Living Wage Employer.”