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WCCU signs up private sector employers


12 Apr 17

Wolverhampton City Credit Union (WCCU) is offering payroll savings and loans to staff at its first private sector partner employers.

Health cover provider Paycare and legal firm FBC Manby Bowdler, which are both based in the city, have partnered with WCCU to make it easy for their staff to save regularly and repay affordable loans direct from their pay. The two businesses saw how partnering with the credit union could enhance the health, wellbeing and financial security of their employees.

Paycare CEO Kevin Rogers said: "We are absolutely delighted to have become the very first private sector payroll partner of WCCU alongside FBC Manby Bowdler. As three Wolverhampton-based businesses all committed to protecting the welfare of our staff and bringing valuable benefits to the communities we serve, this partnership was a natural fit for us and we are hugely excited about the opportunity to be able to further support the health and wellbeing of local people."

Managing Partner of FBC Manby Bowdler Kim Carr pointed to the significant impact good financial health has on both an individual and a business by reducing absence and improving morale and productivity.

Kim Carr said: “Our people are our most important resource and our firm is recognised nationally as being one of the Best Companies to Work For, which is part of the Sunday Times Best Companies scheme. This partnership is yet another way we are supporting our people who are delivering stellar service by helping them to protect not only their monetary health, but their overall wellbeing – now and in the future.”

WCCU Manager Matt Goulding said: “Money worries are one of the major causes of stress for individuals and can lead to a number of serious issues including clinical depression and homelessness, with the problem having been exacerbated in recent times with the growing prevalence of payday lenders operating poor and unfair practices.

“This scheme plays a significant part in helping deal with these issues and we’re hugely excited that both Paycare and FBC have become our very first partners, demonstrating further commitment to their teams and the communities they serve.”

As part of the agreement, all of WCCU’s own employees will be encouraged to look after their physical and mental health and wellbeing through access to Paycare’s health cash plan policies, enabling individuals to claim money back on everyday healthcare costs such as optical and dental treatments.

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