Payroll Deduction
Saving made simple with regular payments made directly from your pay check.
Our payroll deduction programme allows employees to set a specific amount that is taken from their pay check and placed into a secure savings account with Thistle Credit Union.
Payroll deduction programmes have been proven to reduce financial stress and unnecessary spending; allowing you and your employees to focus on the business.
How it Works
Open an
Account
Set and
Forget
Start
Saving
The Credit Union Movement
Credit unions were developed in the late nineteenth century in 1859 by Friedich Raiffeissen, who founded the first credit union in Southern Germany. Since then the credit union movement has been at the centre of providing fair and affordable financial services to millions of people across the world.
In 2023, The World Council of Credit Unions’ (WOCCU) published a report asserting there are over 74,000 credit unions who serve more than 400 million members in 104 countries.
Credit unions are not-for-profit financial organisations that exist primarily to serve the needs of their members and the communities they operate in. They do this by providing secure savings accounts and affordable loans.
Due to their not-for-profit focus, any surplus funds generated by a credit union are paid back to the members in the form of dividend.
Why Choose Thistle Credit Union?
Not for Profit Focused
Member Owned
Community Focused
Fixed Interest Rates
Savings are Secure
Six Local Branches
Financial Protection
At Thistle Credit Union we’re members of The Financial Services Compensation Scheme (FSCS), which automatically protects your employee’s savings up to the value of £85,000.
The FSCS is funded by the financial services industry and is free to consumers, meaning if your credit union goes out of business your employees will receive their money back within seven days (T&Cs apply).
Our Employer Partners
Thistle Credit Union partners with over 35 employees across Lanarkshire, Ayrshire and Dumfries and Galloway to help their employees build a brighter financial future.
