EMPLOYERS and employees across Kirklees have been urged to get saving.
Castle & Minster Credit Union is promoting its save-as-you-earn scheme where employees can nominate an affordable amount to be deducted from their pay and deposited in a credit union savings account.
The credit union, which works with organisations including Kirklees Council, NHS Kirklees, Kirklees College and West Yorkshire Fire and Rescue, already has about 1,000 members – 12% of all its members – saving in this way.
A spokesman said: “Business can benefit from introducing payroll deduction in the work place as it demonstrates they are a committed employer.
“It can lead to improved employee health and sickness absenteeism by taking the stress out of money management.
“It has low set up costs, can help attract and retain quality employees, help meet company community ethos, provides good public relations and demonstrates support for the local community and economy.”
Employees benefit from instant access to savings, reduced dependence on high interest “pay day loans” and other features such as free life insurance on savings and loans.
Castle & Minster has five branches across the district, including ones at Civic Centre 1 in Huddersfield and Dewsbury Town Hall.