Become a Payroll Partner
Help grow the Serve and Protect Family
Help grow the Serve and Protect Family
78% agreed that the main reason for them joining the credit union was because we had payroll deduction set up with their employer.
91% of members felt that being able to save and borrow with repayments straight from their salary has helped to improve their financial resilience.
We are proud to have a Net Promoter Score of 89 on Feefo, with 91% of our members agreeing that they would recommend us to their friends, family and colleagues.
We make saving easy. Members can start saving for free, and access their funds or change the amount they save at any time.
We are there if employees need to borrow. Providing affordable loans up to £25,000 with no early repayments penalties or fees.
To help our members prepare for their financial future, we deliver workplace financial resilience briefs throughout the country.
The vision to honour those officers and staff who have paid the ultimate price for their service is finally close to being realised. The Dedication of the Memorial will be an occasion of major importance to the Police service, the wider nation and especially to the families of the fallen. We are grateful for Police Credit Union’s [Serve and Protect Credit Union’s] support in order that the Dedication can be a fitting tribute.
Working alongside Serve and Protect Credit Union has helped us to gain valuable insight into the financial challenges faced by our colleagues. They play a really important role in helping to improve the financial resilience of both our Police Officers and Staff, encouraging them to save, but also knowing they have an option to turn to should they ever need to borrow throughout their career.
Serve and Protect Credit Union provides service personnel (SP) with additional financial tools. Currently a regular saver plan giving annual dividend of 1.2%, for an easy access savings account regardless of the amount saved each month, and borrowing includes the option for a consolidation loan which many SP find cheaper from Military CU than other providers. The ethos of saving is fully supported by Military CU and borrowing sensibly to achieve life’s financial goals.
As 4X SO2 Retention & Transition for five years, I have seen the transformation afforded to SP when they are made aware of this support. It’s simply a game changer for many of them.
Here’s a step-by-step guide as to how your organisation can get started:
Express your interest in becoming a payroll partner and offering Police CU as a free employee benefit by emailing firstname.lastname@example.org or by clicking the button below.
One of our team will respond to provide an overview as to the set-up process and details of our Service Level Agreement.
Once agreed, we will then set your organisation up as a payroll partner and your employees will be able to start saving or borrowing with repayments straight from their salary – it is completely free.
Each month our team send a secure file to your Payroll Department, with a list of members and their requested salary deduction for the month.
Your Payroll Department apply these amendments and deduct the relevant amount from the members next pay slip and then make a one-off payment with the total value of deductions requested that month to ourselves.
We then allocate these funds into each individual’s account – which they can manage and withdraw from online.
Helping your employees prepare for their financial future can be difficult but payroll deduction can make it that bit easier.
So, play your part. Make a difference to the lives of your colleagues and register your organisation as a payroll partner today. It is completely free.
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