Sign up to our Editors Choice newsletter now! Click here

M for Money Credit Union Increases Payroll Deduction

Accessibility Menu

Menu Search

24dash - The UK's most up-to-date social housing and public sector news website

M for Money Credit Union Increases Payroll Deduction


Published by Graham Tomlin for Credit Union Solutions Ltd in Central Government and also in Communities, Education, Health, Housing, Local Government

M for Money Credit Union is poised to add more employers to the ever growing list of councils, hospitals and companies that allow their staff to save through payroll deduction.

Currently staff at Hillingdon Council, Harrow Council, Bucks County Council and Wycombe District Council save in their M for Money accounts with a deduction from their payroll. In addition staff at Northwick Park and Heatherwood and Wexham Park Hospitals have the same opportunity. So to do staff at Uxbridge College.

Discussions are close to a conclusion with Hillingdon Hospital and Slough Council as well as Chiltern DC and South Bucks DC.

Graham Tomlin Director of M for Money said.

"This is great news for staff working for these employers and great news for the credit union and should ensure that we are on track to grow much more quickly than before. As before staff paying through payroll deduction will be able to apply for Introductory Loans of up to £2,000 repayable over up to 60 months.

Local employers wishing to offer payroll deduction to their staff to help them save should contact me at


Login and comment using one of your accounts...