Boots Payroll Deduction Scheme Update
From 1st April 2023, Boots UK LTD will no longer offer the Payroll Deduction Scheme with Notts & Lincs Credit Union.
Whilst we appreciate this may be disappointing news, we would like to assure you that your current Savings or Loan will remain with the Credit Union.
As a member of the Credit Union, you will still have the option to continue to save and borrow from the Credit Union however, this will no longer be available by salary deduction and you will instead, need to set up a standing order.
If you have a current loan with us, you will need to set up a standing order for your loan repayments starting 28th April 2023 on a monthly basis.
To set up a standing order, please use the following details:
Payee Name: Nottingham Credit Union Limited
Sort Code: 20-63-28
Account Number: 40377333
Reference: Your member number
If you require further information, please contact the branch directly on 0330 004 0842 where a member of our team will be happy to answer any questions.
Does this mean I am no longer a member of the credit union?
You will remain a member of the credit union whilst you have a balance of at least £1 in your savings account or an active loan.
Can I continue to save with the credit union?
Yes, you can still save with the credit union by setting up a standing order.
Can I change the amount I save?
Yes, with a standing order, you have full control of the amount you regularly save.
Can I withdraw from my regular savings account?
Yes, you can withdraw your savings using the App or online portal.
Can I continue to save in my Christmas Savings Account?
Yes, you can set up a standing order to maintain your current savings amount.
Can I withdraw from my Christmas Savings before October?
Yes, please contact the branch on 0330 004 0842 to arrange the withdrawal.
Do I have to continue repaying my loan?
Yes, you will need to maintain your loan repayments in line with your current loan agreement.
What are the Standing Order details?
Payee Name: Nottingham Credit Union Limited
Sort Code: 20-63-28
Account Number: 40377333
Reference: Your Member Number
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