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.
Hassle free Summer
Don’t fear, Your hassle free Summer is here. The summer is here, which means your holiday is near. Whether your trip is already booked or you’re browsing the web for the best deal. Let Blues and Twos help with the holiday spends. Apply for a Speediloan before 12pm, and you could have the money in […]
Sun, Sea and Same day Speediloans You may have left your Summer plans to the last minute, however with Blues and Twos it’s never too late. Apply for a Speediloan of £3500 or below before 12pm and you could have the money in your bank the same day. https://www.bluesandtwos.org.uk/loans/speediloans/ So what’s stopping you?
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 Blues and Twos Supervisory Committee are better known as the “Eyes and Ears” of the membership and are recruiting. Reporting to the Board, the Supervisory Committee carry out various checks on the compliance regulatory requirements and office procedures of the credit union. The commitment is approx. 4 hours per month. This can be split […]
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 […]
Congratulations go to Suzanne Slinger, our Office Manager, who has been with Blues and Twos 15 Years today! Thank you for all your hard work and efforts over the years Suzanne. The 2nd Blues and Twos team member to receive long service recognition in 2018 – Here’s to many more to come.
RETIRING THIS YEAR? “You didn’t put all your eggs in one basket when you started out so why do it now?” KEEP SOME FOR INSTANT ACCESS….. Easy & Convenient with Blues & Twos. Save up to £500pm / Have some of your Pension paid direct from source. You can instruct us to reduce your monthly […]
Planning your retirement? Remember WE offer you cover on your savings. For every £1 held in your savings account, in the event of your death, the credit union will match up to £3,000 of your savings and pay to your estate. YES this means we match your savings and Its FREE! After this and if you have a loan, we […]
Larger purchases don’t have to weigh heavy on your mind with a B&T loan. Loans from £7500-£15,000 are available at our lowest ever typical rate 4% APR fixed. Apply today Loan Repay Term Monthly Repayment Total Interest Payable APR Fixed £12,000 60 months £220.43 £1225.48 4% APR Fixed Compare us to the car dealership – Own your […]
Do you know as a Blues & Twos member you can apply for Today Money? Yes, that’s right, money that will be in your bank today, the same day. From the 1st of June all Speediloan applications received by 1pm are being paid out the same day subject to application approval. Use our Loans Calculator to work out […]
Encouraging Financial Wellbeing by promoting Saving via Payroll Deduction
Blues & Twos Credit Union encourages Workplace Financial Wellbeing by promoting Saving via Payroll Deduction What better day than the first of May! To give your finances a re-think. Blues & Twos promote Saving by payroll deduction. To date we have over 7,500 members from 35 employer payroll partners working with us to encourage their […]
Congratulations go to Anna Scahill, our Member Services Team Leader, who has been with Blues and Twos 10 Years today! Thank you for all your hard work and efforts over the years Anna – Here’s to many more to come.
Dont get hot & bothered booking a holiday. Take a Blues and Twos loan, spread the cost & plan ahead. Quote for £1000 over 12 months : Representative example APR is 18% (fixed). Monthly payment of £91.08. Administrative fees £0, Total Repayment £1092.96.
SPEAK TO YOUR CREDIT UNION FIRST… Before reading on, please note: It is part of your credit union’s ethos to educate members in the wise use of their money, we cannot give advice to members in terms of Bad Debt and financial issues however we can warn you on the dangers of making hasty financial […]
Following the Society’s AGM a decision was taken to revise the monthly prizes raising the lowest prize from £10 to £20 and keeping the twice yearly Bumper Prize Draw. Prizes starting at £20 through to £500 every month and £1000 twice a year, July & December. Blues & Twos Society Membership means you are offering even more […]
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 […]
Struggling to decide on the best New Years Resolution? Or have you so many you don’t know where to start? Your 2018 is dependent on the decision you take today! Want to save something every month but need to reduce outstanding debt/credit cards? We can help you with both + more Contact our Member Services […]
Have you registered for online access to your account? Register today Online Access helps you manage your account and makes easy online BACS withdrawal requests, Changing the amount you wish to save, Applying for a loan.
Need money the same day? Apply for a Prepaid Card today
“No money Friday morning, weekend warning. Loaded Engage card Friday night, weekend delight.” Order your prepaid card today http://www.bluesandtwos.org.uk/membership/prepaid-card/ Card will be received within 2 weeks ready to upload the same day.
Get it while you can – 4% APR fixed on loans between £7500-£15000. Unlike some lenders “The rate you see is the rate you get”. We won’t ask you to start an online application then change the rate – We don’t charge arrangement fees – We don’t charge penalties to settle early – WE DO […]
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 firstname.lastname@example.org 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 […]