Employer Partnership
Improve the financial wellbeing of your employees / team
Grampian Credit Union partners with a number of employers to provide their employees with a simple method to save money or pay loans directly from their salaries.
Offering Grampian Credit Union services to your employees brings a number of benefits.
Benefits to Employer
- Grampian Credit Union promotes personal financial stability, so offering savings through Payroll deduction is a commitment to your employees. This benefit helps build employee loyalty, and employees financial, physical and in some cases mental wellbeing. It also reduces requests for salary advance and absence due to financial strains.
- As a partner employer, you will benefit from the good publicity gained through participating in this initiative aimed at supporting employees and giving them easy access to savings and loans
- Many employers in our area have become Grampian Credit Union partner employers, gaining the benefit of our expertise in savings and loans services. There is no charge for arranging Payroll deduction.
- Supporting the local community as all profits go back to members in the form of an annual dividend.
Benefits to your Employees
- Professional and friendly staff team in the Grampian Credit Union office.
- Experience has shown that people tend to budget around the bottom-line figure on their monthly salary. By saving via Payroll deduction, healthy amounts of money can be saved very easily with minimum effort.
- Members’ savings are protected fully under the Financial Services Compensation Scheme.
- Saving can start from £12 a month or £3.00 per week
- Accounts and balances can be viewed on-line via PIN access to our secure website.
- Members can open Junior Accounts for their children or grandchildren.
- Members benefit from favourable rates on loans, with interest rates capped at 3% a month on the reducing balance.
- Grampian Credit Union offers free life insurance on loans and savings, giving considerable reassurance.
- Christmas Savings accounts are available for safe, secure saving for the festive period.
- Any profit made by Grampian Credit Union (after deducting the running costs of the business) is returned to savers in the form of a dividend.
- Lifetime membership means your employees will retain membership and access to Credit Union savings, loans and services for as long as they want.
- Part of the Credit Union community
What does being a Partner Employer entail?
Marketing / Promotion
We provide you with information to distribute to your employees, including:
- Messages to go in employees payslips regarding savings and loans
- Articles for your company Newsletter and intranet with a link to our website
- Messages to go in company emails and information
- Posters advertising our savings and loans services
- Information to include in your employees induction packs
- We can also attend meetings with your staff to answer their questions first hand
Monthly and weekly payroll deductions
We have found the best way for people to save money regularly is directly from their salary.
All administration (including handling of enquiries, memberships and any subsequent amendment requests to Payroll saving amounts) is undertaken by Grampian Credit Union. All we ask of you is:
- Arrange for a colleague from your HR or Payroll Department to be the credit union contact for Payroll deduction within your company
- Deduct the specified amount from each employee’s salary and forward the funds to us on a monthly or weekly basis via online banking / BACS as bulk payment
- Provide a schedule of each month or week’s Payroll deductions to accompany the remittance of funds, including notification of any employee who leaves the organisation.
Further Opportunities
An additional benefit of being an Employer partner is volunteering opportunities within Grampian Credit Union for your employees, thus broadening their skills and experience and serving the community
List of all Employer Partners - located in the Grampian area
- Aberdeen City Council
- Aberdeen Foyer
- Aberdeen Performing Arts
- Aberdeen Science Centre
- Aberdeenshire Council
- AECC (Aberdeen Exhibition & Conference Centre)
- Alcohol and Drugs Action
- AWT - Aberdeen Water Treatment
- Befriend a Child
- Bon Accord Care
- CHAP Group
- Cornerstone
- Croft Nursery, Stonehaven
- Fire Scotland (Grampian)
- Glencraft
- Grampian Housing Association
- Grampian Joint Valuation and Assessor Board
- GREC
- Inspire
- Middlefield Community Project
- Moray Council
- NHS Grampian
- Police Scotland (Grampian)
- Poppies Preschool, Laurencekirk
- RGU (Robert Gordon University)
- SCARF
- Sport Aberdeen
- The James Hutton Institute
- University of Aberdeen
- VSA
List of Payroll Partners (Active with Payroll deduction)
- Aberdeen City Council
- Aberdeen Foyer
- Aberdeenshire Council
- Alcohol and Drugs Action
- Befriend a Child
- Bon Accord Care
- Cornerstone
- Fire Scotland (Grampian)
- Glencraft
- Grampian Housing Association
- Grampian Joint Valuers and Assessors
- Inspire
- Middlefield Community Project
- Moray Council
- NHS Grampian
- Police Scotland (Grampian)
- Poppies Preschool, Laurencekirk
- RGU
- SCARF
- Sport Aberdeen
- The James Hutton Institute
- University of Aberdeen
- VSA
