Clockwise Credit Union is a financial cooperative owned and controlled by its members. Much like a High Street bank, Credit Unions can provide savings, loans and a range of services to their members. Unlike a bank, Credit Unions do not have to answer to shareholders or investors. So the emphasis is always on providing the best service to members – not maximising profits.
Payroll membership is a hassle free means of regular saving and borrowing, with payments being deducted directly from your salary. The money is transferred directly into your Clockwise savings account or repaid to your loan account and because the money is taken directly from payroll it is a much easier way to save and borrow. This is a confidential service and your payroll department is not provided any details of loans you take out.
Clockwise Savings Accounts
Benefits include:
- Online account access
- Mobile app with savings feature
- Preferential loan rates
- Rewards for saving while borrowing
- Current Account
How to apply for payroll membership
Clockwise membership is free.
- Apply for Clockwise Membership and complete your details,
- Add a payroll deduction to your application when prompted.
- We will contact your employer to make the necessary arrangements with Clockwise so that payments are taken via payroll deduction
How to change or cancel your payroll savings / loan deduction
Contact Clockwise directly to make any changes to your payroll deduction. We will arrange the new amount with your employer’s HR.
