Payroll Deduction SchemeAt St. Mary’s Navan Credit Union we operate payroll deduction schemes with several employers in the Navan area. What is a payroll deduction scheme?This scheme allows employees to have a desired amount of their salary paid into their savings or loan account at the Credit Union. Having some of your salary deducted at source is a very convenient way of saving money or paying back a loan. Employers may only operate a deduction scheme with your permission. The amount deducted is itemised on your payslip. What does it cost?We do not charge anything for the administration of the payroll deduction scheme for our members. How does it work?1) You must be a member of St. Mary's Navan Credit Union to be eligible. 2) You decide how much you want to save every week/month, or if you have a loan with us, you can repay it by payroll deduction. 3) You must call in to the office to complete and sign a payroll deduction form - simple as that! We then forward the deduction form to your payroll department, they will then commence your deduction once they have this written authorisation from you. Upon receipt of your deduction we will then lodge it to your Credit Union account as requested. How can I check the transactions on my account?For all members with a payroll deduction set up, St. Mary's Navan Credit Union sends out a full statement of your account to your home address, every three months - free of charge! If you register for on-line membership, you may access this information at any time. Please check our website www.navancu.ie for further information on becoming an on-line member. What companies currently operate a payroll deduction scheme with St. Mary's Navan Credit Union?Currently, the list of employers is as follows:
If this service would be of interest to you and your work colleagues, or if you have any queries in relation to setting up a payroll deduction, please contact us at 046 9021395, we would be happy to assist. |