ILMT Saving Incentive

As a special offer for employees working for one of our Money@Work partners, GWCU are offering £25 for the first 50 people to open a Savings@Work account between now and the end of December, and who make three monthly deductions of at least £10.

The savings incentive offer is open to new members only. We cannot reward existing members who already save through their payroll. 

The reward scheme has been made possible with the support of The England Illegal Money Lending Team (IMLT), who use proceeds of crime money as an incentive to encourage people to save, and to raise awareness of the dangers of borrowing from illegal money lenders.

How to take advantage of the offer

To join Great Western Credit Union and start saving through your payroll visit https://greatwesterncu.org/savings/savings-work and select your employer to get started.  You will need to mention that you are taking part in the ‘Stop Loan Sharks’ promotion.  £25 will be credited to your savings after you have made 3 monthly deductions of £10 or more.

Terms and conditions

  1. The ‘Stop Loan Sharks’ promotion runs until 31 December 2022
  2. Applicants must work for one of our Money@Work partners, and the normal conditions for membership apply, including validating ID and address.
  3. Rewards will only apply for new members who set up a Savings@Work account and create a payroll deduction for saving (minimum £10 per month)
  4. To qualify for the £25, you must have completed the account application by the closing date.
  5. Once the membership application process is completed online, the new member must tell us that they are taking part in the ‘Stop Loan Sharks’ promotion by emailing info@gwcu.org.uk, when confirming their place of work and salary deduction amount.
  6. The £25 account incentive will be paid after three successive monthly amounts (or equivalent of 3 monthly amounts if paid weekly) have been received through a deduction from payroll. Please note, it could take up to 30 days to credit your account.
  7. This incentive is time limited and based on a restricted budget, the deadline for account opening is 31.12.2022. There is a total limit of £1,250 for the reward scheme. This means that we won’t be able to reward you once we’ve received more than 50 new applications in total. If we do reach that limit before the closing date, then we will pay rewards based on the date that accounts were set up and close the promotion.

For further information or to apply: https://greatwesterncu.org/savings/savings-work