Payroll deductions - Nottingham Credit Union
Nottingham Credit Union works through ethical f inance Mutually, members save and borrow together in the same community. Our main goal is to encourage financial inclusion. Secure Savings The Credit Union is authorised and regulated by the Financial Services Authority just like banks and building societies. Members’ money is fully protected through the Financial Services Compensation Scheme. Ask about our f lexible saving plans l l l l l l Pre-paid cards Jam Jar accounts (budgeting accounts) ISAs Christmas, Festival and Holiday Savings Clubs Low interest loans (just 2% or less a month) Current account Flexible savings accounts Nottingham Credit Union offers: l l l l Help you afford everyday expenditure Encourage your children to save and understand money Help you plan for unexpected expenses Help you manage your finances throughout the year We may also be able to: l Nottingham Credit Union 69 Maid Marian Way Nottingham NG1 6AJ Telephone 0115 828 3121 Website www.nottitnghamcu.co.uk Nottingham Credit Union Limited, 69 Maid Marian Way, Nottingham NG1 6AJ. Authorised and regulated by the Financial Services Authority FRN 213439. Members’ money is fully protected by the Financial Services Compensation Scheme. Nottingham Credit Union Limited is a member of the Association of British Credit Unions Limited. Payroll deductions Our Payroll Savings scheme Nottingham Credit Union fair and affordable f inance l by pre-paid card by bank transfer How do I get my money out? l by cash We will pay: l Can I borrow from the Credit Union? Any Credit Union member aged 18 or over may apply for a loan. You can apply for a loan as soon as you join. It costs £3 to join. The most interest we will charge is 2% a month (26.8% APR) on the reducing balance. Free Life Insurance to members At no extra cost to our members, all savings and outstanding loans are fully protected against death. Terms and conditions apply. nottingham credit union What is Nottingham Credit Union? We are a financial co-operative, owned and run by its members. We provide easy ways to save and borrow money for the people of Nottinghamshire. Payroll saving easy and convenient Your employer offers you the facility to make payments to us directly from your pay. This is a great way to save and also a pain-free way to make loan repayments as the money is deducted from your pay before it reaches your bank account. l no administrative costs Why save by payroll deduction? l l amend the amount you save whenever you wish APPLICATION FOR MEMBERSHIP Surname ...................................................................................................................... Forenames ................................................................................................................ Title (Mr/Mrs/Mis/Ms)* ............................................... Date of Birth ....................................... Address .......................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................... Post Code ............................ Home Tel. .................................................................. Work Tel. ................................................................................ Mobile ............................................................................... Pay Group/Pay Point ............................... Per Week Month (minimum £10 month Department ......................................................... Pay Number ........................... Payroll Deduction £ .......................... per week/month or £5 week) National Insurance No. .......................................................................................... Credit Union Membership No. ..................................................................... I, as an employee within the common bond of Nottingham Credit Union Ltd, hereby apply for membership and agree to abide by the rules of Nottingham Credit Union Ltd. I declare that the information given by me on this form is true and correct to the best of my knowledge and belief. I understand that a non-returnable membership fee will be deducted from my first payment into the Credit Union, to cover administration costs (see below). I understand that the Credit Union may need to verify my identity and address by electronic checks. SIGNED ........................................................................................................................ DATE .......................................................................................................................... (Membership Fee £3) FORM OF NOMINATION I, ...................................................................................................................................... of ................................................................................................................................... a prospective member of the above Credit Union hereby nominate ............................................................................................................................................... of (Address:) ......................................................................................................................................................................................................................................................... whose relationship to prospective member is (ie. Mother/Daughter) ........................................ , as the person to whom there shall be transferred at my decease such property in the Credit Union as may be mine at the time of my decease, whether in shares or otherwise, should my application for membership be successful. This would need to be supported by a Will or other proof as a beneficiary. SIGNED .......................................................................................................................................... DATE ............................................................................................... PAYROLL DEDUCTION ORDER To the Payroll Section (name & address of employer) .......................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... 1. Please commence deductions of £ .................. per week/month* from my wages/salary*, in favour of Nottingham Credit Union Ltd. Deductions are to commence from the first available pay date and shall remain in effect until such time as I give notice, in writing, of changes. OR 2. Please increase/decrease*my weekly/monthly*payroll deduction in favour of Nottingham Credit Union Ltd. to Per Week Month £ .................. per week/month* from the first pay date. NAME ...................................................................................................................................................................................... PAY NUMBER ............................................. BANK .................................................................................................... Account No. .............................................................. Sort Code ................................................. SIGNED .......................................................................................................................................... DATE ............................................................................................... FOR USE BY THE PAYROLL SECTION Deduction Code ........................................................................................................ Deduction reference ............................................................................................ (If the code and reference have not been completed please return this form to the Credit Union office) Appropriate Payroll Documentation Input Week/Month* Membership No. .......................................................................................................................... (Must be placed on every Payroll spreadsheet by Payroll for allocation of funds)
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