Banking with a heart. PayrollPRO. Helping improve the financial wellbeing of your Employees

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1 PayrollPRO Helping improve the financial wellbeing of your Employees >>

2 NO MONTHLY OR ANNUAL FEES What is Payroll Pro? A safe and efficient way for your business to offer a savings scheme to your employees Payroll Pro is a convenient and efficient way for your employees to save money. Monthly deductions are made directly from salary payments and transferred to a personal Nottingham Credit Union savings account. All savings with Nottingham Credit Union are guaranteed by the Financial Services Compensation Scheme so are completely safe. Simple to set up and efficient to operate, Payroll Pro is the easiest way to save throughout the year. We will provide you with the necessary resources and assume responsibility for managing all aspects of Nottingham Credit Union membership. A growing number of local employers are already benefitting from this fantastic free service. Payroll Pro is a Nottingham Credit Union product. We are a not for profit financial co-operative serving residents and workers across Nottinghamshire and several key organisations. What are the member benefits? > An annual return on savings > Exclusive Payroll Pro offers and interest rates > Affordable loans with interest payable on the reducing balance > No transaction fees for saving or borrowing money > Comprehensive Online services and facilities This is great, a local organisation owned by and run for the members that use its services, it s inclusive, safe and ethical. NCHA are proud to support Nottingham Credit Union. Laura Jones, Head of HR Nottingham Community Housing Association

3 SAFE & SECURE SAVINGS FOR YOUR EMPLOYEES What are the Benefits? Payroll Pro will help build employee loyalty by enhancing your range of employee benefits Payroll Pro promotes responsible money management, contributes to your corporate social responsibility policy and increases the range of employee benefits you provide. Simple to set up and efficient to manage, Payroll Pro is the most effective way to offer a protected savings scheme to your employees for free. There is a direct link between heath wellbeing and financial wellbeing that can have a serious impact on absence in the workplace. Having an ethical alternative for your employees can build their financial confidence and reduce financial stress. By signing up to Payroll Pro, you will be joining a growing number of local employers benefitting from Nottingham Credit Union Payroll deduction. Nottingham Credit Union is a not for profit financial co-operative - any profits we make are reinvested in our services or distributed fairly amongst our members. We strive to be a responsible lender and contribute to our community s economic development by providing affordable loans. What are the advantages? > Promotes responsible money management How does it work for Employers? Payroll Pro is safe and secure. All savings are guaranteed by the Financial Services Compensation Scheme Payroll Pro has been designed to be extremely simple to manage. Our Existing partners tell us that the process Is quick to set up and hassle free. To view a list of other organizations that have partnered with us, just visit our website There are absolutely no charges to your organisation, just great benefits. We will support you in administering Payroll Pro, providing you with all the resources and guidance you need. How do we join Payroll Pro? We will provide you with a letter of engagement to confirm acceptance and service expectations. Employees join through our online registration system and complete a Payroll Pro agreement confirming monthly salary deductions. The agreed monthly deductions are input into your payroll management system and will therefore appear on the corresponding employees payslip. Total Payroll Pro deductions for the month are transferred to Nottingham Credit Union. > Builds employee loyalty by developing the range of employee benefits > Strengthens Corporate Social Responsibility policies 4 > Benefits your local community by reducing the negative impacts of high cost credit, financial exclusion and high cost lenders > Offers access to affordable credit

4 FINANCIAL PRODUCTS & SERVICES FOR OUR MEMBERS How does it work for Employees? With Nottingham Credit Union there are no monthly or annual fees I have saved with NCU and it has saved me many times. Amanda at Nottinghamshire County Council Signing up couldn t be easier. We have a fully secure online account opening process. We will identify employees through an electronic system so in most cases there is no need for additional paperwork or to visit the branch. Staff can utilise our online facilities to make withdrawals, apply for loans and take advantage of all our other services. For their convenience, we communicate through employee work , through our website, over the phone or in branch. Withdrawals can be made directly to main bank or in cash. Monthly saving deductions can be as little as and specific nominated accounts can be set up for special saving purposes, such as Christmas or children s education. Their first deduction will incur a 5.00 standard one off membership fee. How do Staff Register for Payroll Pro? Employees log on to and click on the box labeled Join. Complete the Membership application and click submit. Nottingham Credit Union will conduct electronic identification checks and on the rare occasion that this fails, we will request proof of Identity and Address in line with Anti-money Laundering Regulations. We will send an electronic welcome letter to an employees work address that advises them of all the ways to access Payroll Pro services and how to be set up online. Deductions listings will be sent to employers HR in time for the next payroll run. Monies will be distributed in accordance with employees wishes. About us Nottingham Credit Union is a fair and ethical local provider of financial services. We offer Payroll Pro membership to a growing list of local employers within Nottinghamshire and an updated list of organisations can be found on our website We deliver a range of competitively priced financial products and services to our members from all sectors including both the traditional banking customers and those who have been previously without access to banking facilities. We strive to be a responsible lender and contribute to our community s economic development, by providing affordable loans that allow members to retain more of their income. We work with local agencies to ensure that members financial difficulties are addressed and to instill financial capability with confidence. Nottingham Credit Union Ltd is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority - Registration no We are members of: Financial Services Compensation Scheme Association of British Credit Unions (ABCUL)

5 OFFERING GREAT VALUE PRODUCTS TO HELP IMPROVE EVERYDAY LIVING Nottingham Credit Union 69 Maid Marian Way Nottingham NG1 Nottingham Credit Union Nottingham Credit Union Ltd is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority - Registration no