Payroll Member Savings

Payroll Member Instant Access Savings Account

A Payroll Member Instant Access Savings Account

If your employer offers our Payroll Deduction Scheme you can save directly from your wages – before the money arrives in your bank account. So it really is the easiest way to save. This service is FREE to both you and your employer and very easy to set up. So if they don’t offer it already please ask your HR or Payroll Department to contact us.

  • Easy ways to save regularly directly from your salary
  • Instant access to your savings without incurring any penalties
  • Access to affordable low cost loans up to £15,000 (subject to status)
  • 1% discount on loan interest rates from £2,000 to £15,000 (subject to status)
  • FREE life savings insurance (up to the age of 65)
  • An annual dividend (interest) on your savings
  • Albrighton Poultry
  • Alcan Packaging
  • Culina Logistics
  • Muller Dairy
  • North Shropshire District Council
  • Oswestry Borough Council
  • Reviive
  • Severnside Housing
  • Shrewsbury & Atcham Borough Council
  • Shrewsbury & Telford Hospitals NHS Trust
  • Shropshire Council
  • Shropshire Fire & Rescue Service
  • Shropshire Housing Alliance
  • Shropshire NHS
  • Shropshire Towns & Rural Housing
  • South Shropshire District Council
  • South Shropshire Housing Association
  • Telford & Wrekin Council
  • The Furniture Scheme
  • The Shropshire Housing Alliance
  • Wrekin Housing Trust

If you would like to be a member of Just Credit Union you will need to:

  • Fill in a credit union membership application form and a payroll deduction form.
  • Take your completed forms to the Payroll Department together with your ID badge and a recent payment slip as proof of your identity.
  • Pay a one-off joining fee of £4 to join and £1 to save.  This will be paid from your first salary deduction.   

You can complete your credit union membership application membership and payroll deduction forms online, download copies from the intranet or request forms from your HR/Payroll department

If you need any further information please call us on 01743 252325 or email info@justcreditunion.org to find out more.

Information sharing

The only information that will be shared between your employer and Just Credit Union will be your:-

  • Name and current home address
  • Credit Union membership number
  • Employee number
  • Payment amount each month

Just Credit Union will not inform your employer of any:

  • Withdrawals from your account
  • Loans taken out
  • Additional payments made into your account
  • Balance in your loan or savings accounts
  • Other personal information
  • A member in receipt of benefits or salary can open a savings account at any time.
  • Each new adult member of Just Credit Union will automatically have a savings account opened in their name.
  • The first deposit into the account should be at least £5. This covers the one-off membership fee of £4 plus a minimum of £1 to open the account.
  • The minimum required balance in this account is £4 to keep it open. This level of savings must be obtained within 6 months of the account being opened.
  • If the minimum level is not attained within 6 months Just will close the account. You will be contacted prior to us taking this action and given the option of meeting the minimum requirement or closing your account.
  • Members qualify for an annual dividend subject to one being paid.
  • FREE life insurance pays £1 for every £1 saved - doubling the amount deposited by members under the age of 65 up to a maximum of £5,000. Deposits made by members over the age of 65 are not covered by free life insurance.
  • Regular savings of £5 per week are normally required to keep the account active.
  • Members may close their savings account at any time by completing a Closure of Account form. Just Credit Union reserves the right to require a maximum of 30 days notice of the account closure.
  • Members closing their savings accounts automatically end their membership and cease to be shareholders in Just Credit Union.