Home > Work not Worry with a Blues and Twos account
The Association of British Credit Unions, known as ABCUL, have launched a campaign just yesterday that focuses on raising awareness of the benefits for employers to partner with credit unions in offering their staff payroll membership. If you are an employee, you can also suggest your employer partner with a credit union.
Payroll membership is a hassle free way of saving (and borrowing should you need it) with payments made directly through your salary. Check if you are eligible for membership in our Common Bond.
Statistics show that staff turnover costs businesses in the UK around £42 bn (Daily Telegraph March 2013).
Employees under financial pressure do not focus on their work performance and issues around request for salary advances and loans can create difficulties for organisations.
Financial Wellbeing, Healthy & Happy Employees
Stress related illnesses account for 75% of all GP visits. It is well documented that financial worries will cause considerable stress and affect self esteem which can cause depression and other stress related illnesses. Providing employees with an easy way to save and borrow responsibly, can have a long term impact on their overall wellbeing, wealth and loyalty.
Enhance Corporate Social Responsibility (CSR)
Becoming a partner organisation of a credit union contributes to the CSR of a company, by supporting the local economy and investing in members, not shareholders.
BENEFITS TO EMPLOYEES
Improving Money Management
Regular saving isn’t something that comes naturally to everyone. A recent study by the Money Advice Service found that more than 16 million people in the UK have savings of less than £100. In fact, 26% of working age adults in the UK have no savings and 29% have less than £1000. We know that by saving in a separate account people are less likely to dip into their savings. Saving directly through salary becomes an important payment. We all deserve the security of savings and this is a tried and tested way of doing it. Credit unions turn borrowers into savers. Over 70% of credit union members who borrow continue saving regularly after repaying a loan.
Reduce Debt & Related Stress
As well as encouraging regular savings, payroll membership offers employees the opportunity to access affordable credit. Often getting into difficulties with debt arises from rent/mortgage arrears, credit cards and overdue utility bills. There is a strong link between debt and stress, so having access to safe savings, affordable loans and budgeting accounts, employees are much more likely to succeed at reducing their debt and overcome any related stress.
Delivering credit union services to staff is simple and has no cost implication, other than resource time from the HR/finance department. Ultimately employers help employees manage their money better and reduce absenteeism and increase productivity, hence the campaign name, ‘Work not Worry’.
Blues & Twos Credit Union is a “not-for-profit” financial co-operative, which is owned entirely by its members who all have a common goal to benefit their community, as well as being run by a trained, professional team. Setting up the policies, compliance and strategic governance is the Board of Directors who draw experience from a variety of business/public sector backgrounds.
The Blues & Twos team offer you ethical savings and affordable loans, which means that you can save as you borrow! With a non-profitable credit union, we put the focus on ensuring that you are always provided with the best service, rather than maximising profits. This way, the credit union is run with the end goal of rewarding the members.
Tuesday 11 December – Open 9am-11am only
On Tuesday 11 December the Credit Union will be open from 9am – 11am only. We apologise for any inconvenience caused. The office will re-open at the usual time of 10am on Wednesday 12 December.
Christmas loans are popular again this year so please bear with us if there is any slight delay in your receiving yours. Borrowing a little to help you through can save you money in the longer term and help you avoid steep credit card interest rates. Agreeing the amount for repayment and the term before Christmas, can help you better […]
Have you requested your 2019 desk calendar? If not, send us a quick email to mailto:firstname.lastname@example.org confirming your work address and we will get them in the post to you. Any colleagues not currently a member? Introduce them and you will receive £10 into your Blues and Twos Account once their membership is set up. […]
Our Annual General Meeting is set to take place on Tuesday 11 December at 1pm, Connolly Room, Lancashire Police Headquarters, Hutton. Those wishing to attend are asked to contact the Blues & Twos office before 4pm on Monday 10 December so our office staff can ensure you are added to the visitors security system. Without this you will be unable to gain access to the […]
With effect from 1st of January 2019 the credit union will no longer accept bank notes or coins. Members wishing to make adhoc payments into their account may do so via their online banking. Please call the office if you would like further information. We apologise for any inconvenience this may cause.
The Blues & Twos Society is an independent organisation totally separate from the credit union. It is run by a group of credit union volunteer members who raise money through a monthly drawn lottery. This money helps to keep down administration costs for the credit union and so provide a better service and dividend to […]
The Blues and Twos Lending Team report positive feedback from members receiving their loans even faster than ever before with the New Loan Agreement & document file transfer system that allows electronic online signing. The Chief Executive Officer Vicky Harrison said “Implementing DocSAFE has resulted in enhanced security for the transport of documentation to our […]
An Apprenticeship with Blues & Twos — A Great Way to start your working Career
Two years on from beginning her Apprenticeship and with many skills and competences gained, Emily talks about her Apprenticeship with Blues & Twos ….. “Starting a new path in life can be rather daunting especially when you are unsure of exactly what you want to do (as most of us are at 17 or 18). […]
Welcome to Sue Bassam who joined our membership and was the winner of our “Member no 13000” competition winning a bottle of Prosecco. Sue commented ‘Joining Blues and Twos has been a great experience. It has help me save towards my Summer Holiday. With it going directly out of my wage, I’ve hardly noticed this. I would recommend Blues […]
Congratulations to John Baxter who is the winner of our July Bumper Lottery Draw. He was overjoyed when he was advised of the win and said “we are saving for a visit to friends in Seattle so this will help towards that goal”
The Association of British Credit Unions, known as ABCUL, have launched a campaign just yesterday that focuses on raising awareness of the benefits for employers to partner with credit unions in offering their staff payroll membership. If you are an employee, you can also suggest your employer partner with a credit union. Payroll membership is […]
The Fairbanking Mark was awarded by the Fairbanking Foundation following a rigorous assessment which includes independent research involving borrowing members of the credit union. To receive the Fairbanking Mark, this research had to confirm that members have changed their financial behaviour for the better by having the product. Following the 5 stars Award, on behalf […]
Here at Blues & Twos our professional friendly staff will help you organise your transition from employment to pension or otherwise. All our members are valued highly and just by contacting email@example.com or 01772618833 we will ensure continuous contributions into your account and don’t forget up to the age of 65 yrs we continue to cover you with FREE […]