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Tel: 01902 572340 Email: contactus@wccul.co.uk

NewsSummer loan offer for payroll members
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5-June-2017
Summer loan offer for payroll members

Workers who join WCCU's payroll deduction scheme this summer will be able to apply for an affordable loan of £1,000 at a special rate of just 1.25% a month. Existing credit union payroll members can apply for a loan of up to £10,000 at the same rate.

Make big savings on payday or doorstep loans:

Representative example

Borrow £1,000 from WCCU and repay directly from your salary at a rate of £90.26 per month for 12 months.The total repayment is £1,083.12 which works out at 15% annual rate or 16.08% APR. An equivalent loan from doorstep lender Provident would cost you a total of £1,872, that’s 299.3% APR.

The loan can be repaid directly through your salary.

How to apply

You must apply by August 31, 2017 to take advantage of the special loan rate.

You must be employed by an organisation that runs WCCU's payroll deduction scheme (see below). To join the scheme at your workplace, download and complete the payroll deduction scheme form. You can either post it to WCCU at 73 Worcester Street, Wolverhampton, West Midlands, WV2 4LE or scan it and email to WCCU at contactus@wccul.co.uk. The credit union will then call you on a work or home phone line for verification. You can then apply for a loan. You can do so online. To apply in person, print off and complete a Loan Application Form or collect one from WCCU's branch at 73 Worcester Street or by calling 01902 572340.

The following employers run WCCU's payroll deduction scheme:

Accord Group
City of Wolverhampton Council
FBC Manby Bowdler
Gazebo
Heantun Housing Association
Paycare
Radleigh Metal Coatings Ltd
Royal Wolverhampton NHS Trust
South Staffs Council
South Staffordshire Housing Association
Wolverhampton Homes


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  • Wolverhampton City Credit Union
  • Tel: 01902 572340
  • Email: contactus@wccul.co.uk