×

NORTHWEST FINANCE NEWS

Friday July 14 2017

Salford Credit Union launches a new payroll loan deal to benefit workers




Salford Credit Union launches a new payroll loan deal to benefit workers

Salford Credit Union has launched a new payroll loan and savings deal to benefit workers across the city.

The new payroll loan is the union’s most competitive rate to date and aims to support employees become more financially stable – moving away from taking out expensive credit cards and pay day loans.

The union, who already has organisations that are members as payroll partners – to benefit their staff – including Salford City Council, is looking for more businesses to sign up.

As a payroll partner, an organisation is able to offer staff the opportunity to borrow and make repayments directly from their wages on payday – as well as making it easy to save on a regular basis.

Chief executive of Salford Credit Union, Sheila Murtagh, said: “We want to make sure workers across the city benefit from having access to a competitive, ethical and local lender. The payroll loan is a convenient way to borrow, as you can pay back directly through your pay, and also has the benefit of having a savings plan alongside it.

“I would urge more organisations and businesses to sign up as a payroll partner to support their employees by making sure if they are going to take out a loan that it is done with a provider that has their best interests at heart."

The new Payroll Loan offers the Salford Credit Union’s lowest interest rates to date – and a person can borrow up to £7,500 on terms from six to 60 months.

Payroll members borrowing from Salford Credit Union can expect to save money compared to turning to high street lenders. For example, a £2000 loan with a repayment term of 24 months offers a saving of around £172.00 compared to other lenders such as NatWest.  

For more information on Salford Credit Union go to http://www.salfordcreditunion.com/

 

Pictured is chief executive of Salford Credit Union Sheila Murtagh (centre), board member, Jim King (left) and Salford City Mayor, Paul Dennett



"We want to make sure workers across the city benefit from having access to a competitive, ethical and local lender and would urge more organisations to become payroll partners."
CEO of Salford Credit Union, Sheila Murtagh








DISCLAIMER: The statements, opinions, views and advice expressed in this article are those of the author/organisation and not of ENTIRELY. This article should represent information correct at the time of publication however whilst every care has been taken to present up-to-date and accurate information, we cannot guarantee that inaccuracies will not occur. ENTIRELY will not be held responsible for any claim, loss, damage or inconvenience caused as a result of any information within this article or any information accessed through this site. The content of any organisations websites which you link to from ENTIRELY are entirely out of the control of ENTIRELY, and you proceed at your own risk. These links are provided purely for your convenience and do not imply any endorsement of or association with any products, services, content, information or materials offered by or accessible to you at the organisations site.






RECOMMENDED FOR YOU ON ENTIRELY NORTH WEST


























BIRDINNOVATION DELIVERS JDX ESPORTS


The BirdInnovation team Chris Bird, Taz Rose and Paul Bolton delivered two openauditions and qualifying tournaments for the first ever JDX esports events held in Londons Westfield Stratford and Manchesters Intu Trafford centre on July 26th and 31st respectively































Discover the latest Industry News & Opinions on Entirely














We build powerful Financial Models for critical business decision makers.