Salary Deduction/Payroll Payments and Standing Orders

Salary Deduction and Standing Orders

You want an easy, convenient and reliable way to make timely loan payments and/or deposits to your account? We can arrange with your employer or bank through a salary deduction or standing order.  Save the time and energy coming into the branches to conduct such transactions. Spend that time doing enjoyable things with family and friends or engaging in other productive activities around the house. Avoid paying more interest because you forgot to pay your loan on time.

Payroll Payments

We offer payroll payment services to facilitate salary/wage payments to employees who are members of our Credit Union in an easy and timely manner. Employer are only required to make a single payment to us via a cheque, cash, standing order or transfer accompanied by a list with the names of the persons who should be paid and the amount to be paid as well as any instruction they wish us to follow. Upon receipt of payment and list, we will proceed to crediting the respected members with the stipulated amounts as instructed in a timely manner.  With additional instructions by the respected members, monies can be allocated towards the various savings account, loan payments, transfers to other member’s accounts and bill payments.

In addition to the ease, convenience and reliability of payroll/salary deductions it increase a member’s chances of receiving loans and even earning lower interest rates on loans. It also avoids or minimizes the late payment of loans which could lead to the payment of more interest.