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SCVO Credit Union
SCVO Credit Union

Scottish Council for Voluntary Organisations

CU registered no. 135CU(S) | FSA registered no. 213888 | Category ‘F’ Consumer Credit Licence held

Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority (Registration No: 2138) (CU No: 135(S). Your eligible deposits with SCVO CU are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit protection scheme. Any deposits you hold above the £85,000 limit are not covered.

How to join

Who is eligible?

Any organisation that is a Scottish Registered Charity can apply to join the SCVO Credit Union as a Payroll Partner. You’ll be one of the many voluntary organisations we work with across Scotland.

Getting set up

To become a Payroll Partner is simple and quick to set up. And there’s no cost to your organisation in offering our workplace savings scheme to your employees and volunteers.

It’s also low risk. There’s no need to access your teams’ SCVO Credit Union accounts – all you have to do is transfer their savings or borrowings via your payroll. And because this is not an employee salary sacrifice scheme, there are no tax issues for your organisation. The savings you transfer to the SCVO Credit Union always belong to your employees and volunteers.

1

Once your organisation has decided to introduce workplace savings with us, we’ll provide you with a Service Level Agreement that sets out how we’ll work together. It’s a commitment to work for the benefit of your team members.

2

The SCVO Credit Union team will take care of putting the systems in place to get your payroll deductions up and running. Once the workplace savings scheme is in place, we’ll help tell your team all about it with information, support and marketing materials. We’ll be with you every step of the way.

3

We’ll also help you develop an engagement plan: you tell us the best way to your team, and we’ll arrange the roll out.

Get in touch

If you’d like to become a Payroll Partner with the SCVO Credit Union or want to find out more, please contact Tom McVay at thomas.mcvay@scvo.scot. Tom will be more than happy to help you.

FSCS Protected

CU registered no. 135CU(S) | FSA registered no. 213888 | Category ‘F’ Consumer Credit Licence held

Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority (Registration No: 2138) CU No: 135(S). Your eligible deposits with SCVO CU are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit protection scheme. Any deposits you hold above the £85,000 limit are not covered.