Improve your employee's financial wellbeing and your business
Payroll Deduction is a free, simple, and valuable saving and borrowing scheme that helps improve employee financial well-being. The scheme provides employees with greater financial stability as they can build up their savings and access low-cost loans should they need to borrow.
This scheme is an attractive addition to the employees’ benefits package and is a simple way to promote better financial health among your employees with independent financial support from us.
Since our first partnership was set up six years ago, we have helped over a thousand employees improve their financial well-being. See our range of existing partners below.
Financial stress can have negative impacts on individual's mental and physical health, affecting them, their workplace, and communities.
- Over half (56%) of employees have found themselves in financial difficulty
- 52% feel that financial pressure impacts their job performance
- Almost 3/4 employees feel stressed, with over 75% saying it's because of financial or work-related pressures
- 9% decrease in the number of employees with savings lasting more than 12 months
Having a workplace that supports employee wellbeing can be a key part in building better financial resilience for your employees.
(Lane, Clark, and Peacock Survey, 2025)
Setting up and managing the payroll deduction scheme is easy as we do all of the work.
Minimal work for your HR/Payroll Department
We do all the work in terms of managing and administering the accounts. Employees come direct to us to manage their accounts and make any changes they wish.
Support in marketing
We provide you with the materials and literature needed for the employees
"Working in Partnership has been beneficial to our staff. Being able to save through payroll deduction, having access to a Christmas saver account & low interest loans gives staff the feeling of security and control over their finances.
It is easy to access your savings through the Darlington Credit Union app, if staff are not IT savvy, they have access to telephone and branch support.
Having savings reduces stress when unexpected financial issues arise and supports long term financial resilience."
One of our valued Payroll partners, March 2026
Existing payroll partners.
If you are interested in how we can improve financial well-being in the workplace together, get in touch.
Contact us on 01325 529829 or email mark@darlingtoncreditunion.co.uk for more information about setting up a scheme in your workplace.
