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Tel: 020 7561 1786 (Multilingual advisors available)  •  Fax: 020 7272 8192  •  Email: info@credit-union.coop

Wed 16-Aug-2017
NewsLaunch of payroll deduction scheme for charity
Print
15 June 2015
Launch of payroll deduction scheme for charity

London Capital Credit Union has teamed up with the Fremantle Trust, a charity providing care services, to offer a payroll deduction savings scheme to its staff.

The Fremantle Trust is a registered charity and not-for-profit provider of high quality care and support services at 58 locations across Buckinghamshire, Milton Keynes, Bedfordshire, Berkshire, Barnet, Harrow and Hertfordshire. It has 1,800 staff and supports almost 2,000 people.

Martin Groombridge, Chief Executive of London Capital Credit Union, said: “We’re delighted to be offering our payroll deduction savings scheme to the employees of the Fremantle Trust. The scheme allows the Trust’s staff to put away a little bit of money each month, directly from their pay packet. This means they can build up a nest egg without having to remember to save each month, as the money is deducted automatically.”

Payroll deduction savings schemes encourage savings and help to keep people out of debt, which in turn can reduce the stress caused by financial problems. For many people, they are an ideal way to save for a rainy day or for a special occasion.

Martin added: “We will be working with the Trust to promote the savings scheme to their employees and to encourage people to sign up. By joining the credit union, employees will also qualify for low cost loans and other services, which can help them to manage their money.”
 
The Fremantle Trust joins an ever increasing list of employers who recognise the benefits of working with London Capital Credit Union to offer their employees a payroll deduction scheme.

To find out more about our payroll deduction services visit http://www.credit-union.coop/content.asp?section=190. To find out more about the Fremantle Trust, visit www.fremantletrust.org.


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