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14 December 2017
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First Scottish University Credit Union - How to Save

"Payroll Deduction - saving without tears!"

Everyone benefits from regular saving, it allows us to work towards our financial goals and gives us peace of mind should an emergency arise. Committing yourself to a regular saving pattern can be difficult but at the Credit Union itís easy with payroll deduction. Credit Union members can save at an affordable level be it £1 or £100. Small regular amounts soon add up and remember at the Credit Union you are not just another customer, but a co-owning member of an organisation which provides security and protection.

The table below gives examples of how regular savings can soon add up!

Monthly Savings Table
Amount Saved: £10 £15 £30 £40 £50
Year 1 £ 120 £ 180 £ 260 £ 480 £ 600
Year 2 £ 240 £ 360 £ 720 £ 960 £ 1200
Year 3 £ 360 £ 540 £ 1080 £ 1400 £ 1800
Year 4 £ 480 £ 720 £ 1440 £ 1920 £ 2400
Year 5 £ 600 £ 900 £ 1800 £ 2400 £ 3000

 Payroll Deduction - Painless Monthly Saving

The painless way to save!  Your monthly deduction is taken directly from your salary and will show up on your payslip alongside your tax and National Insurance deductions.
Many members say they donít even notice that they are saving!

Benefits of Saving with the Credit Union

  • Save as little or as much as you can afford;
  • Confidentiality is respected at all times;
  • No hidden charges
  • Credit Unions are mutual organisations - membersí savings are pooled to provide the resources for lending to other members; and
  • Depending on reserves, shares are eligible for an annual dividend.
Updated: 16 May 2013