Ethical savings and affordable loans for St Monica Trust colleagues.
To help you during the ongoing cost of living crisis, St Monica Trust is continuing our Money@Work partnership with Great Western Credit Union (GWCU) to give our staff access to simple savings and affordable borrowing through your payroll.
How GWCU #DoGoodWithMoney
Great Western Credit Union (GWCU) is a mutual, financial cooperative, owned and operated by its members, providing ethical savings and fair loans to the people of Bristol, Bath, Gloucestershire, Wiltshire, Somerset and Dorset since 1999.
GWCU offers banking services in a way that is fair, inclusive and strengthens our local communities and economies. Together, savers and borrowers create a pool of money that enables us to benefit all in our communities. The credit union actively supports financial inclusion in areas that are traditionally underserved by the mainstream market, and badly served by others.
Members are the only shareholders, so any profit made is reinvested into the business or shared with members as dividends.
Loans@Work
– loans from £100 to £15,000
If you need a loan for any reason: an unexpected expense, debt consolidation, home improvements or a new set of wheels, you may be able to access affordable loans and repay through your payroll.
If eligible, St Monica Trust employees can borrow from £100 to £15,000 at a discounted rate compared to other GWCU products.
Repaying through your payroll takes the stress out of monthly money management, giving you more control of your finances and helping you build your financial wellbeing.
GWCU’s payroll loans have higher acceptance rates, fast decisions, and lower interest rate than many other lenders. Repaying sustainably can also help you improve your credit score.
To learn more and apply, go to: https://greatwesterncu.org/loans/loans-work
Savings@Work
– simple savings through your payroll
It’s easy to start saving for a rainy day through your payroll.
Simply sign up online at: https://greatwesterncu.org/savings/savings-work, set the amount of money you want to save each month, and that amount will be paid direct from your salary into a GWCU Easy Saver savings account. You can access account online at any time.
Salary saving is a great way to build up your Christmas pot, save for a summer holiday or simply for a rainy day.
Rachel
I have regularly saved with Great Western Credit Union for over 10 years. It helps me budget and plan ahead for things like birthdays, Christmas and holidays. I like knowing my money is well-looked after, and staying local!
You can manage your account online or speak to one of our Member Services Adviser over secure message, via email or over the phone.
GWCU are a member of the Financial Services Compensation Scheme (FSCS), which means your savings are fully protected up to £85,000.