Join forces and bring our services to your workforce
See below for a list of local employers currently offering payroll deduction facilities
Discovery Credit Union has joined forces with a number of local employers who support our aims of encouraging people to save regularly and borrow wisely. These employers allow members to save and repay loans directly from their salaries. To find out if you qualify for saving via payroll deductions, please see our list of Employer Partners below.
Interesting in joining forces?
Becoming an Employer Partner is a great way for your business to be involved with the local community. By partnering with us, together we can bring an employee benefit that can change lives.
Our members often tell us that saving direct from their pay is the easiest way to build up a nest egg, or to save for something special such as Christmas or annual holidays. "What we don't see, we don't miss!"
Equally, they also tell us repaying loans direct from their pay is a convenient way of making sure repayments are made and on time.
Advantages to you the employer
- An employer's best workers are typically those who are financilly stable.
- By promoting a prudent approach to personal finance you may help reduce your employee's money concerns.
- Improved productivity and decreased absenteeism as workers better cope with life issues. There is strong evidence that a considerable level of illness in the UK is caused by stress related financial pressure.
- Evidence that your organisation is sensitive and proactive to the needs of its employees, increasing goodwill and attracting quality workers.
- The potential for promoting your business or organisation to all our members. This could be through a link from our company website or other promotional opportunities.
- Promoting Discovery Credit Union to your employees is a form of corporate social responsibility and shows your committment in supporting local initiatives.
Benefits of membership for your employees
- Payroll deductions provide an easy, convenient way for people to save and repay loans
- Automatic free life insurance on both savings and loans for every member
- Helps employees feel more in control of their finances
- Assists employees in the management of their money and helps build financial security
- Encourages regular saving to help employees achieve their goals by planning ahead for things like Christmas, annual holidays, a new car or some of life's little luxuries
What does being an Employer Partner entail?
- Where practical, you can choose to offer employees a simple payroll deduction facility to enable members to have their savings and loan repayments deducted direct from their salary. If you are not in a position to offer this facility, we are still be interested in discussing how we can work together.
- Allocating a nominated representative from HR/Payroll Department who will coordinate the payroll deduction faciltiy within the company.
- Enabling and assisting the credit union to market the benefits of joining through activities such as: including literature within staff payslips, articles in staff newsletters, information on staff notice boards, articles on company intranets, delivering presentations at staff meetings, incorporating the credit union within induction materials etc.
- Encouraging interested staff to become a Workplace Champion, acting as a point of information and sign posting interested individuals
- Again, where practical, helping to make the joining process as simple as possible.
In addition to becoming an Employer Partner, there are several other ways for your organisation to get involved, such as promoting volunteering opportunities within Discovery Credit Union to your staff, such as volunteer Directors and members of specific subgroups, thus broadening their skills and experience.
If you would like to hear more about what is involved in our Employer Partner scheme, please do not hesitate to contact our main office. We will be happy to send a representative to discuss the scheme in more detail with you.
Our growing list of Employer Partners include:
Dundee City Council
NHS Tayside
Abertay Housing Association
Angus Housing Association
Hillcrest Housing Association
Gowrie Care
Clean Close Company
Tayside Recyclers
Craigowl Communities
University of Dundee
We are actively seeking more local employers to join our scheme and offer payroll deductions to their staff. If you are employed by an organisation and you would like them to consider offering this facility, why not speak to your HR or Personnel Officer to find out if this is a service they would be willing to consider. Alternatively, contact our Main Office with the name of a contact person within your organisation and we will try to do the rest! It is a good idea to make the person aware beforehand that your are passing on their contact details and he/she will be contacted by the credit union.
