Before you apply

We Want to Help!

Application Information Tips

We’re committed to making your application process as easy and secure as possible. Here are some key things to keep in mind:

Accurate Information Speeds Up Your Application

The information you provide helps us verify your identity and make a quick decision on your application. Accurate details will streamline the process and get you on your way faster!

Security is Our Top Priority

We use secure technology to verify your application. To ensure your safety and prevent fraud, we can only accept applications with your bank account details. Providing inaccurate information, including using someone else’s bank account, can lead to your application being withdrawn.

Open Banking: A Secure and Convenient Way to Apply

We use Open Banking technology to securely access your bank statements directly. This eliminates the need for manual uploads and keeps your information safe.

Here’s How You Can Benefit:

  • Faster Application Processing: Accurate information using your bank account and Open Banking will speed up your application review.
  • No Need for Uploads: Open Banking takes care of retrieving your bank statements, saving you time and effort.
  • Secure Technology: We prioritise the security of your information using the latest technology.

Still Have Questions?

We understand that applying for something new can be confusing.  If you have any questions about using Open Banking or acceptable application information, please don’t hesitate to contact us on 0330 004 0842. We’re happy to help!

 


for employees

Savings

All you have to do is tell us the amount you want to save, which can be as little as £10 a month. This amount will then be deducted from your monthly salary and transferred directly into your savings account with us. You can easily withdraw your savings online, over the phone or at one of our branches.

Whether you save a little or a lot, putting money aside on a regular basis means you’ll be working towards a better way of managing. You’ll also have something to look forward to, or have a nest egg to fall back on for life’s little emergencies. 

As all savings with us are guaranteed by the Financial Services Compensation Scheme, you can be sure the money you put aside is completely safe. There’s even the possibility that you may receive an annual dividend on your savings, depending on the approval of members and how well we’re doing.

We’ve many other services available to help you make the most of your money, including Christmas, Goals, Holiday and Junior savings accounts.

Loans

Loans

By joining Payroll Pro you have access to exclusive and affordable interest rates that rival the high street banks. We offer loans of up to £15,000, and often lend when other lenders won’t. 

Just like our Payroll Pro savings account, loan repayments are made directly from your salary. This ensures you’ll never miss a repayment, thus protecting that all important credit rating.

Member
benefits

Annual return on savings

As decided by our members at our AGM.

Access to affordable loans

Loans for any purpose to suit every pocket.

Online services

Login online or on our mobile app to access a full suite of forms to manage your account.

Payroll Pro offers and rates

Loans from as low as 11.9% APR for Payroll members.

No transaction fees

We have no hidden fees for our savings or loan accounts.

How does it work?

1

Employer
Application

Your employer partners with Notts and Lincs Credit Union.

2

Employees
sign up

You open an account with the credit union.

3

Deductions
setup

Fill in a payroll deduction order to begin your deductions, either for savings or for a loan.

4

Deductions transferred

Payments are taken direct from your pay and paid straight over to your Credit Union account.

“This is great, a local organisation owned by and run for the members that use its services. It’s inclusive, safe, and ethical.”

Laura Jones, Head of HR at Nottingham Community Housing Association

We currently work with the following employers: