Become a Payroll Partner

Help grow the Serve and Protect Family

Improve the financial resilience of your colleagues

78%

Chose Payroll Deduction

78% agreed that the main reason for them joining the credit union was because we had payroll deduction set up with their employer.

91%

Improving Financial Resilience

91% of members felt that being able to save and borrow with repayments straight from their salary has helped to improve their financial resilience.

+89

Net Promoter Score

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.

Why is financial resilience important?

We are passionate about improving the financial resilience of those who serve and protect our nation. Each year we survey our members on their financial resilience and summarise the results in a report. Our Financial Resilience Reports provide insights into what it means to be financially resilient, and illuminate the very real and detrimental effects that a lack of financial resilience can have on individuals and workforces alike.

Below are just some of the key insights we have learnt from our Financial Resilience Reports:

 

Could you cope financially with a change in circumstances such as relationship breakdown, unemployment, or sickness?

NO: 38%

Do you feel your personal finances have an impact on your ability to do your job effectively?

YES: 25%

Do you feel your employer does enough to help you prepare for your financial future?

NO: 60%

Here to help your colleagues…

Save

We make saving easy. Members can start saving for free, and access their funds or change the amount they save at any time.

Borrow

We are there if employees need to borrow. Providing affordable loans up to £25,000 with no early repayments penalties or fees.

Prepare

To help our members prepare for their financial future, we deliver workplace financial resilience briefs throughout the country.

Payroll deduction with over 30 employers

Don’t just hear it from us

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.

How it works

Here’s a step-by-step guide as to how your organisation can get started:

Become a Payroll Partner

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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