With growing financial challenges facing many people in Stockport as a result of the coronavirus pandemic, Stockport Credit Union is offering services to employers to help their staff save and support their financial wellbeing.
Stockport Credit Union are offering Stockport based Businesses a financial wellbeing payroll deduction package for their staff, free of charge. The scheme enables employees to save as they earn and access preferential rates if they need to borrow. Payments are debited out of the employee’s salary before it hits their bank account, making payments very easy to manage.
Stockport Credit Union’s Business Development Manager, Clare Davis said:
Looking after our financial wellbeing is an essential part of everyday life, but it becomes even more important when faced with huge challenges like Covid-19.
“With unemployment sky-rocketing and news feeds full of horror stories, it’s understandable that employees will be feeling particularly worried right now – not just about what the future holds, but how to manage their day to day bills, with nearly a third of people forced to dip into their savings since the crisis hit.
“Now, more than ever, it’s vital that businesses have the right resources in place to support their employees.”
Businesses are also directing their employees to an ethical and fair community based organisation that is not-for-profit. Money invested in Stockport Credit Union is loaned out within Stockport. Any profit made is reinvested and shared out as an annual dividend, keeping money in the local community.
Organisations already taking part in Stockport Credit Union’s payroll deduction service include Stockport Council, Stepping Hill Hospital and Stockport Homes, and the non-profit organisation is looking to take more organisations on its books.
For more information or to enrol your business in the scheme, contact Clare Davis or visit the Stockport Credit Union’s website.