Payroll savings

Moneywise in the workplace

We are working with local employers to provide access to the credit union through your payroll.

Saving with Moneywise is easy through payroll deduction. Your regular deduction comes straight from your salary so you won’t even notice it.

Select your employer below to get started and we will do the rest.

Need to change your payroll deduction – click here. 

Join Our Payroll Service

Beyond Housing Jpeg
CL_Logo_full_colour (003)

Payroll Benefits

Advantages to employers

Creating links with a local credit union has great advantages for employers. These include:

  • Positioning the service as an employee benefit.
  • Helping employees to save can reduce stress and sickness levels caused by debt.
  • It may help to reduce requests for pay advances.
  • Knowledge that the credit union is a mutual and ethical financial services organisation.
  • As the credit union is local this helps to retain and circulate money in the local economy.
  • There are no charges made to the employer by the credit union.
  • Employees also have access to the low cost loans provided by the credit union and this helps employees avoid the new breed of pay day loan companies and money shops that again reduces the risk of debt.

The benefits to employees include:

  • It’s an easy way to save.
  • It’s often easier for employees to put some money aside before receiving their pay.
  • Employees can save as much as they want.
  • Savings can be withdrawn at any time as long as they are not secured as part of any loan agreement.
  • Employees will have special access to low cost credit union loans

Apply Right Now

Membership is open to all who live or work in Teesside, Tyne and Wear, Northumberland and County Durham.

Joining Moneywise is free, subject to a £1 annual membership fee,  all we ask is that you save regularly to support our funds for lending. We only lend to members so you can be confident your savings are being used to support like-minded individuals.

South Tees Community Bank

South Tees Community Bank and Moneywise Credit Union Ltd merged into one business in December 2017. Moneywise is the regulated name and South Tees Community Bank is a trading name of the merged organisation.

0330 165 5337
Subscribe to our email list.

© Moneywise Credit Union Ltd 2018

Site by Shaw

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.