For Employers

Partner with us and offer Credit Union membership as a staff benefit.

As a local company you can offer Manx Credit Union (MCU) services to your employees to help you:

• Improve productivity
• Address financial stress related sickness levels
• Reduce staff turnover
• Improve your working atmosphere

Thousands of hours are lost every week by people who take sick days due to money worries.  Why not help your employees have the opportunity of using a local, ethical and professional service to obtain an improved sense of wellbeing.  They will be able to benefit from:

• Protected savings accounts for building a nest egg or preparing for a special occasion
• A potential to earn a dividend on their savings
• Emergency loans up to £500 without the use of credit agencies
• Different types of loan accounts to suit the needs of the employee
• Budget Buddies who are available to help plan household finances
• Regulation by the Isle of Man Financial Services Authority which licences the Manx Credit Union

How does it work?

• There should be no direct cost to employer or employees
• MCU will work with the HR Department to set up a procedure.
• An employee joins MCU and fills out a Payroll Deduction Form
• Deductions are downloaded to a spreadsheet and emailed to MCU
• Remittance sent to MCU so deductions can be credited to members accounts

By offering Payroll Deduction to your employees at negligible cost you will be:

• Showing compassion and understanding to the employees’ financial situation
• Developing increased self-esteem and motivation
• Translating this into a more productive and focussed workforce
• Reduction of absences directly related to health issues from debt and financial strain
• Supporting the local economy
• Enhanced employer reputation

If your company would like to offer this extra benefit, we can be contacted on 619459 or 490640 or info@mcu.im and would be delighted to discuss this further.

Manx Credit Union – Local, Ethical and Professional