Payroll Services

Payroll Savings

Our Payroll Savings services allow you to save money directly from your salary every month . This is a great way to save without feeling the pinch . You can save into a share one account (Instant access) or open a Xmas saver which is locked until October. We offer a discretionary annual dividend on your savings. The decision and amount of dividend is decided by our board of volunteer directors, which is announced at our annual AGM meeting . Your money is is fully protected by the FSCS and you can pay in and withdraw using the Faster Payment service .

Start saving now in 2 easy steps

Become a member

Tell us how much you want to save per month

Payroll Lending

Our Payroll lending service allows you to make repayments directly from your salary, making them easy to manage. You can borrow up to £7000 and we have interest rates as low at 9.9%APR depending on amount and circumstances . We are fair ethical lenders, we do not charge an early repayment fee if you pay your loan of early. Contact us for a quote or complete an application and one of our loan officers will contact you. Interest rates can vary depending on credit score .

Apply for a loan in 2 easy steps

Become a member

Fill out a Loan application form

Frequently Asked Questions

Are my savings protected?

As a regulated business any money saved with Stockport Credit Union is fully protected by the Financial Services Compensation Scheme (FSCS). Your money is as safe with us as it would be in a high street bank or building society.

Do I get interest on my Savings?

We don’t offer an interest rate as such, when the business performs, we pay our members a divided on savings held with us. Last year that was 0.7%, which is more than comparable to instant access accounts offered by banks. Our savers therefore share in our success.

What if I stop working for the payroll employer?

If you change jobs you can still continue to service your loan and/or savings account. You will just need to set up a standing order to send us the money. Please contact us and we can help you with this.

How do I get my money out?

Contact us by phone or email mail@stockportcu.com before 2pm and your money will be in your nominated account by 6pm the next working day.

How do I pay in?

Please send a faster payment to the following details

Account Name – Stockport Credit Union

Account Number -50443154

Sort Code – 08-90-24

Reference – Your Membership number

Can I repay my loan off early?

You can pay off your loan early or make extra payments without penalties

What to do if I’m struggling to pay my loan?

Please contact us as soon as possible, we want to help you and we have various options that we can offer you.