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Money@Work

Employee benefits which build financial wellbeing

  • Add Money@Work to your wider employee benefits package
  • For businesses and employees in the South and West counties of England
  • Employees build their savings with deposits deducted from salary
  • Employees borrow money and make repayments via salary deduction
  • Help employees manage money, reduce financial stress, and have fewer absences
  • Create a caring, supportive workplace culture with better staff retention
Get started
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“As a family-run business, we place a priority on caring for and supporting our colleagues, so they can deliver the best service possible to our valued customers. We chose to go with GWCU’s Money@Work scheme because we particularly liked GWCU’s local, community ethos and approach – and the scheme is straightforward to use.”

David Lloyd Head of People, Carbase

Financial wellbeing at work

How does financial stress affect employees?

Zellis reports 77% of workers in the UK and Ireland have experienced financial stress in the past 12 months. We can’t “switch off” from financial stress. It’s with us all the time. The extra pressure affects every part of our lives, including at work. Employees under financial stress report they experience:

  • Less sleep so they are sometimes tired at work

  • Less able to focus or concentrate

  • Getting less done or tasks taking longer

  • Making more mistakes or errors

  • Less able to make good decisions

  • Less able to communicate effectively

  • More conflict at work

  • Taking more time off work

Speak to the Money@Work team to change this

Why GWCU?

Our impact begins with the people we serve. We support individuals and families often overlooked by mainstream lenders- providing fair, accessible financial solutions where they’re needed most. These insights are powerful indicators of financial exclusion, and more importantly, the opportunity for meaningful change. We exist to bridge that gap.

Supporting real people to access credit:
  • 87% of surveyed GWCU members live in households earning under ÂŁ40,000.
  • 77% are women, many of whom are primary caregivers.   
  • 44% are single parents, nearly double the UK average of 23%.   
  • 17% identify as ethnic minorities, more than twice the South West average of 7%. 
Real community impact:

  • 19% of all lending and savings activity at GWCU was to people in the bottom 20% of areas by levels of deprivation.

  • We supported 612 un-homed families to access accommodation through affordable lending. 

Financial wellbeing in the workplace

Making everyone better off

  • Employees feel calmer and more in control of their budgets

  • Improve overall employee wellbeing and mental health

  • Solve employee housing and transportation problems

  • Increase employees’ credit ratings and financial resources

  • Access safe, affordable finance (no high- interest payday loans)

  • Get competitive, fair interest rates on loans and savings

  • Savings grow easily with consistent salary deduction

  • Add to a competitive package of employee benefits

  • Embody your business values

  • Improve staff retention and recruitment

  • Build a caring work environment

  • Reduce employee absences

  • Support employees in their financial literacy

  • Inspire employee loyalty and increase morale

How it works

1. Find out what Money@Work can do for you

Set up a call with our team to learn more about what we offer. It's a chance to let us know what your needs are and get your questions answered.

2. Get on board!

Once you're happy with the pitch, it's time to get onboarded. You'll just need to sign our partnership agreement and you can start offering Money@Work to your people!

3. We’ll help you spread the word

Now it's time to let your employees know about their new benefit! We'll share some materials to help you signpost your employees to the Money@Work service!

4. Seamless salary deduction set up

Once an employee has signed up to borrow or save through the programme, we will help manage the salary deduction process with your payroll team and provide ongoing support.

Happy, healthy employees are their most productive, reliable selves

Join Money@Work

"Saving for my future via payroll is such an easy process with GWCU and I am so glad that I have been able to introduce this to my company. We are proud to include GWCU in our range of initiatives focused on promoting long-term financial health."

Emma W.

Some of our Money@Work partners

Employers based in West Counties of England are eligible to partner with GWCU to provide the Money@Work programme to their employees at no cost.

Get in touch

More information

Are there any costs to my organisation? 

Nope- Money@Work is completely free to sign up. No catch— we simply want to ensure our community has access to affordable and safe financial services.

Is there a minimum number of employees required to join? 

No, there’s no minimum number. Every employee supported makes a difference and means we're closer to becoming better off together.  

Is it easy to set up salary deductions through payroll? 

Yes! Setting up salary deductions is simple and straightforward.  
Our finance team will liaise directly with your payroll department to ensure everything runs smoothly.  

What if employees have questions or need support? 

Employees can contact Great Western Credit Union directly for help and our friendly Member Engagement team will be happy to support them with any queries or issues they may have.