Thamesbank Credit Union forms Partnership with Hounslow PCT

Hounslow PCT has agreed to allow their staff that are members of Thamesbank Credit Union to make payments to the credit union through a deduction from their pay.
A meeting between the credit union’s administrators, Credit Union Solutions, Nikki Hill HR manager and Margaret Young from the Payroll department earlier this week cleared the process to be employed and agreed to tell staff the good news.
Graham Tomlin from Credit Union Solutions said.
“This is great news for the credit union which has a long history of providing financial services to staff at Hounslow Council, Hounslow Homes and Co-op Homes. Hounslow PCT has about 700 staff and our approach to the PCT was prompted by their staff asking us to discuss this issue with the PCT management.
The most successful credit unions in the UK are those with a strong employer base such as the Police, Fire Fighters, British Airways and of course dozens of Councils, Primary Care Trusts and Hospitals.
Having the payments coming direct from their pay really helps the member to save and in these times this is an absolute necessity. With banks less willing to lend, our loans are also proving to be more attractive and with employed members we can be that little bit more relaxed about the decision to lend.”
Thamesbank Credit Union offers a number of savings accounts including those for Christmas, Holidays, Education and season tickets.
Thamesbank Credit Union charges a fixed rate of interest on its loans and makes no charge for early repayment. In addition they also have an emergency loan which is paid through a pre paid debit card.
Any employer that would like to provide this payroll deduction facility for their staff in Hounslow, Hillingdon or Ealing should call or e mail Credit Union Solutions.