Derbyshire Community Bank accepts corporate memberships from organisations that based in Derby/Derbyshire. This is a great way for local businesses, organisations, charities and partnerships through their corporate social responsibility (CSR) agenda to support their local community.
Simply make a deposit with us and we will use that to support people in our community with affordable loans. All our borrowers save as they repay their loan, so they’re always building up financial resilience and learning positive money practices. We provide a Member-first ethical alternative to sub-prime high interest, payday or loan shark lenders.
Offering Payroll Deduction with DCB as an employee benefit works for you as the employer, and is a valuable service for your employees as they decide how much to save, this is deducted from their pay packet and credited to their Credit Union savings.
Employees also have access to our affordable loans. Payroll deductions are adjusted to repay the loan from their payslip. Employees’ individual savings and loans are kept confidential and are not disclosed to the employer. We can however provide management information to monitor the take-up and effectiveness of the scheme.
Employers offering payroll saving to their employees have the reassurance that their people are taking responsibility for their money; they are putting some money aside for when they need it, and they have access to the affordable loans from DCB.