Payroll Deduction Scheme
Payroll membership enables partner organisations to help their employees save and provide access to ethical affordable loans
Employees simply specify the amount they wish to save and this is deducted from their salary via payroll and transferred directly into their credit union share account. If the employee wishes to apply for a loan the repayment amount is made in the same way, via payroll. All services are managed directly by Eastern Savings & Loans and we accept full liability for the operation of the scheme, providing employers with a fantastic staff benefit at no cost.