Employer Benefits

Payroll Deduction Facility

How it works

• On applying for membership the employee completes a Payroll Deduction Order giving the payroll department instructions to make deductions for a specified amount per week or month
• The Credit Union staff will process the application and enter a member's reference number on the form
• The Payroll Deduction Order will be stamped with the Credit Union's logo. The Payroll Deduction Order will then be sent to the appropriate payroll department. (If the instruction form or the amendment form has NOT been stamped it should be returned to the Credit Union).
• The Payroll Department will make the deduction at the next available pay date.

A deductions schedule for each month or week should be produced. The listing should include:

• Employee's name
• Pay number
• Credit Union Member's reference number
• Amount deducted including any zero deductions for existing members
• An indication of any members leaving the payroll