Employee Payroll Deduction Scheme - M4Money Credit Union

Employee Payroll Deduction Scheme

M for Money Credit Union runs a payroll deduction scheme with a number of local employers. These include:

  • Harrow Council
  • Northwick Park Hospital
  • Hillingdon Hospital
  • Hillingdon Council
  • Uxbridge College
  • Slough Council
  • Buckinghamshire Council
  • Clinimed Securicare
  • Paradigm Housing
  • Frimley Park Hospital

Employees who can pay to their credit union account by a payroll deduction can apply for an introductory loan of up to £2000 repayable over up to 60 months.

Payroll deduction also makes saving easy through our range of savings accounts to help you budget for Christmas, Eid, Diwali, holidays or any other special occasion.

Information for employers

If you would like to take advantage of this opportunity to save money by payroll deduction, or would like to offer your employees access to secure savings accounts and low cost loans, please contact us.

Some of the benefits of the payroll deduction scheme include:

  • You can take an introductory loan as soon as you join the credit union
  • You don’t have to go through your bank there defaulting is reduced
  • Saving becomes regular and hassle-free