We now work with over 110 organisations, large and small, from a variety of industry sectors.
Each of our Employer Partners provide their workforce with direct access to Glasgow Credit Union through salary deduction (direct from your wage each payday), making saving and repaying loans or mortgages much easier. There is no cost involved in becoming an Employer Partner.
Ever wished managing your finances was easier?
With Glasgow Credit Union, it can be! We’re the largest and most successful credit union in the UK. Our main aim is to improve financial well-being and we do this by encouraging an ethos of saving and promoting good money management. As well as providing a range of savings accounts, we also offer access to low cost loans, mortgages, financial tools and guides.
Make financial well-being a focus within your workplace
According to the Money Advice Service, over 16 million people in the UK have savings of less than £100. With no savings buffer, the likelihood of falling back on short-term, high-cost debt (such as credit cards or overdrafts) increases. This in turn can lead to financial stress, sleepless nights and difficulties in concentration which can all have an impact on a persons working life. Recent studies show that those with financial worries are almost 4 times more likely to feel anxious and be prone to panic attacks.
Introducing Glasgow Credit Union as a free staff benefit (as part of an overall employee well-being strategy) is the perfect solution to help combat these issues. By enabling employees to save direct from their salary, employers can remove any friction points which people site as their main reason for not saving i.e. too much hassle and not enough time. The simplicity of the account makes it easy for employees to sustain a regular savings habit whilst at the same time build their own financial resilience.
Become an Employer Partner today – it’s free and easy to set up
All employers can become an Employer Partner of Glasgow Credit Union and offer their workforce a unique benefit that’s already used by thousands across the city.
Setting up payroll deduction with us is a simple and straightforward process. Hear from some of our current partners who are already benefiting from partnership:
Yeeman Fan, HR Adviser for Blue Triangle Housing Association
Lorraine Gray, Operations Director for Pursuit Marketing
How to set up?
If your employer is not yet signed up and you would like to save via your salary then please contact your Personnel or Human Resource department and let them know about this FREE service. Alternatively, you can contact us on 0141 274 5415 or [email protected]. We’ll organise the rest.
Here are just some of our Employer Partners currently offering their staff the benefits of credit union membership:
Contact us today to find out more about this free service!
Please check first that you are eligible to apply:
You are aged 18 or over
You have a UK bank account in your own or joint names
You are a permanent UK resident
You have never been bankrupt or had a Court Decree
To complete your application you will need:
Your current employer's address details
Details of monthly income and outgoings
Bank or building society details (sort code and account number)
To enable us to make a decision on your loan application we will contact Credit Referencing & Fraud Prevention Agencies. This will register a search against your credit record and if your application is successful we will share the information we hold for you with these agencies. Further details are available in our Privacy Notice
It is important that you read the Privacy Notice document above. If there is anything that you do not understand, please contact us.
Please be aware that the longer you take to pay back a loan, the more you will pay back in interest. If you go for a shorter term your monthly repayment might go up, but you'll save in interest and pay back your loan faster.