Employer Benefits

Payroll Deduction Facility

How it works [continued]

The schedule should be forwarded to the Credit Union on or before the employees' usual pay date. It can be sent:

• Electronically via disc or Email (any text format or spreadsheet is acceptable). This is the preferred option for the credit union
• Hard copy print out through the post or faxed if Email not available.

The funds relating to the Deductions Schedule should be remitted to the Credit Union on or before the employee's usual pay date. This remit can be:

• By cheque, payable to Bulwell Credit Union Ltd.
• By BACS transfer to the Credit Union's bank account (details on request)
• Members may only make alterations to Payroll Deduction orders on the appropriate form, available from the Credit Union. Any queries or requests regarding alterations to Payroll Deductions should be referred to the Credit Union who will assist the member in completing the appropriate form. Please return the form if it does not carry the credit union stamp.
• All members of the Credit Union have free Life Insurance as part of their members' benefits. The Credit Union should be informed as soon as possible of any deceased members and a copy of the death certificate sent to the office. The Credit Union staff will then be able to process the insurance claim on behalf of the member's beneficiary.