Partnering local companies & their staff

Putting people

before profit

www.fairshare.uk.com @FAIRshare_CU

A safe and secure home for your savings

Low cost affordable loans for FAIRshare members

FAIRshare partners numerous local companies, allowing staff to make regular payments to their FAIRshare account direct from their salary - the easy way to save & repay loans.

Payroll Saving

Do you want to enhance your employees’ benefit package?

an employee benefit

Contributes to corporate

social responsibility

Provides employees

with a regular savings

plan & affordable loans

No charges & minimal

administrative burden

Helping people save for a better future

FAIRSHARE CREDIT UNION IS AUTHORISED BY THE PRUDENTIAL REGULATION AUTHORITY AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY AND THE PRUDENTIAL REGULATION AUTHORITY. OUR MEMBERS’ MONEY IS ALSO PROTECTED BY THE FINANCIAL SERVICES COMPENSATION SCHEME (FSCS).

Call 01952 200200 or visit www.fairshare.uk.com for more information

Telford Branch & Head Office

Unit 3 Southwater Square, Southwater Way, Telford TF3 4JG

Tel : 01952 200200

FAIRshare Credit Union is a friendly not-for-profit ‘community bank’ offering

secure savings & affordable loans to members. Regulated like any bank or

building society, FAIRshare is the local alternative for ethical savings & low cost

loans for everyone who works , lives or studies in Shropshire.

Support from the Payroll Industry

In January 2014 the Chartered Institute of Payroll Professionals (CIPP) announced that many UK payroll outsourcers have agreed not to charge processing fees for credit union loan repayments.

Chief executive of CIPP, Lindsay Melvin said: “Our hope is that all employers and payroll providers will collectively support employees in managing their debt by not charging for processing credit union loans through payroll. It would be good if employers were proactive in communicating to staff the advantages of going to a credit union as a viable alternative to a payday loan provider, with a valuable advantage of having a free mechanism to repay their loans and saving to cope with emergencies.”

The CIPP found delinquency rate on loans repaid through the payroll is less than 1% compared to other loan methods where it is nearer 8%. According to the CIPP payroll has so much to offer to assist their organisation with their financial and human capital strategies.

Why offer Payroll Saving to your employees?

Payroll Saving is a valued staff benefit which can help recruitment & retention of staff

Research has shown that employees suffering financial difficulties are more likely to suffer from stress, depression, absenteeism & underperformance

Providing an easy way to save helps employees get a saving habit & manage their money, reducing stress & contributing to a happier & more productive workforce

Encouraging a responsible attitude towards credit & providing access to affordable loans assists with the welfare aspects of being a caring employer

Keeps local money in the local economy and so benefits the local community

Meets many companies’ community ethos & corporate social responsibilities

Easy to administer with no cost to the employer - just a small administrative role when processing the payroll & transferring funds by BACS to FAIRshare.

Help, support & resources to set up Payroll Saving & promote to your employees, and ongoing support as required

Town centre branches in Telford & Shrewsbury, member services telephone support available 6 days/week, all providing friendly, local support to you & your employees

Government Support - The Economic Secretary to the Treasury, Andrea Leadsom, has encouraged employers & voluntary sector organisations to engage with credit unions to help them provide affordable credit and responsible financial services in their communities. August 2014

Shrewsbury Branch

17a Castle Gates, Shrewsbury SY1 2AB

Tel : 01743 240403