Department for Work and Pensions: Credit Unions

Department for Work and Pensions written question – answered on 8th July 2019.

Alert me about debates like this

Photo of Gareth Thomas Gareth Thomas Party Chair, Co-operative Party

To ask the Secretary of State for Work and Pensions, whether her Department offers employees a payroll deduction to enable staff to join a credit union; and if he will make a statement.

Photo of Will Quince Will Quince The Parliamentary Under-Secretary of State for Work and Pensions

In 2016 DWP launched a payroll savings scheme with credit unions to allow staff to start automatically saving through their payroll. This was launched by their Welfare Reform Minister at the time Lord Freud.

DWP has made arrangements with three credit unions to offer a savings facility and other financial services to employees and payroll deductions can be made from salary into each of these. 4512 employees have so far joined one of the three credit unions.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.