Payroll for Employees

Financial wellbeing has an impact on physical and mental wellbeing. We strive to make it as simple and easy for you, whether you are an employer or an employee by giving you access to easy savings and affordable loans.
Our employer partners come from a range of different organisations both large and small.
Everyone saving through Payroll Deductions has one thing in common, they continue to save regularly-something many agree would not do so if they didn’t make payments through their employers Payroll Scheme.
If your employer is already a partner, and you are already a member of Kernow Credit Union, then all you have to do is complete a Payroll Deduction Amendment and select how much you want to save.
The money is deducted from your wages every pay day and goes straight to your Credit Union account leaving you worry free.
You can join straight away or do it at the same time as applying for a loan at your HR department, at the Main office or any service point. Download from the KCU App or your firms employees web site.
On becoming a member choose an amount to save regularly.

Need a loan immediately, our SafeNet loan(£100 - £600) is available to members who sign up to their employers Payroll Deduction Scheme (currently ONLY available to those employees of Coastline). Depending on whether you meet certain criteria, for all Loan applications contact the Main office or service points.

On pay day, your chosen savings and /or loan repayments will be taken off at the same time as tax and any other deductions. The money will appear in your Credit Union account a few days later. You will receive the rest of your salary as normal.
Accessing your Money. Use our mobile or web app to access your savings and loan balances and applying for withdraws or transfers. If you have a loan with us any balance above the loan amount may be withdrawn, any other savings are held with us until your is fully repaid.

Kernow Credit Union work with local employers to make it a bit easier. Through our payroll schemes, you can arrange to have a portion of your salary deducted each month and put into your savings or towards the cost of your loan. No standing orders or forgetting to pay, just peace of mind for you.