Empanda has signed up to become a payroll partner with Eastern Savings & Loans and from today, all employees and volunteers can benefit from Eastern Savings & Loans credit union membership.
A credit union is a financial co-operative which provides savings, loans and a range of financial services. Membership includes an easy access savings account, online and telephone banking, and free life and loan insurance. As a co-operative all members can share in the profits.
All savings are protected by the Financial Services Compensation Scheme to the same level of protection as a high street bank or building society. Eastern Savings & Loans offer loans from £500 – £4,000 and interest rates are very competitive and with no fees, or charges for early or additional repayments. Employees can make loan repayments and save all in one easy payment, via Payroll deduction or standing order.
Empanda’s MD Sally Hanlin said, “We already have a comprehensive ‘We Value You’ package of benefits in place and are delighted to be adding Eastern Savings & Loans credit union and the valuable services they can offer our colleagues to enhance the package.”
You can find out more about Eastern Savings & Loans Credit Union by visiting the Eastern Savings & Loans website.