Telford & Wrekin Payroll Services

A smarter way to manage your money

FAIRshare Credit Union is proud to have partnered with Telford & Wrekin Council in providing Payroll Services and safe money management.

Payroll Savings is a FREE service and a staff benefit which Telford & Wrekin Council offers to you. It provides safe, manageable savings via payroll. Saving a little every payday will soon add up to a tidy sum.  It’s a perfect way to save for sudden expenses or for life’s special moments. 

Join Telford & Wrekin Council Payroll Saving Scheme today and you can start saving tomorrow.

Join here…

* You must keep £5 in your account to keep it open

Why Join Payroll Savings?

• Payroll Saving is FREE. There is no cost to you or your employer

• Savings are deducted at source and so you can budget

• Save from just £1 a week or £5 a month

• Your money is transferred to your FAIRshare account and can be withdrawn at any time*

• Your employer has no access to your FAIRshare account details

• You can manage your account 24/7 using Online Members’ Access

Join here…

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Safe Money Management

Your money is safe and protected by the Financial Conduct Authority & the Prudential Regulation Authority

Your savings are covered by the Financial Services Compensation Scheme, currently to the value of £85,000

Telford & Wrekin Council Exclusive Discounts

• Protolabs employees can join FAIRshare for FREE – we usually charge a £5 membership fee
• 20% discount* off FAIRshare loan interest rates – we call this the Payroll Bonus – other Payroll Savers receive 10%.
• Optional Payroll e-Saver account earning a competitive 1.5% p.a. fixed-rate dividend paid annually.

If you need to borrow money, FAIRshare offers fair, manageable loans to members. After three months of regular Protolabs Payroll Saving, you will be eligible to apply for a FAIRshare loan.

Save as you borrow is a core value of FAIRshare.  If you choose to borrow from FAIRshare, your loan repayment includes a saving amount, so when you’ve paid back your loan, you’ll have saved money too.

Learn more…

Financial Wellbeing

FAIRshare is a credit union and everyone who lives or works in Shropshire and South Staffordshire can be a member. We are a local, ethical, ‘not-for-profit’ community bank or financial co-operative, owned by and run for our members.

FAIRshare puts people before profit. If one of our services isn’t appropriate for you, then we will always try to signpost you to the best, FREE local or national support. You can find out more on our Cost of Living Section of our website.

Cost of Living Support…

We’d love to hear from you.

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Telford & Wrekin Council Payroll Saving Scheme

Join the Telford & Wrekin Payroll Saving Scheme with FAIRshare Credit Union – the smarter way to manage your money.  We’re proud to have partnered Telford & Wrekin Council for more than 20 years providing Payroll Savings to their employees.

Saving a little every payday will soon add up to a tidy sum.  Perfect for meeting sudden expenses, affording the latest gadget or paying for an unforgettable holiday.  If all that sounds like common sense with money, that’s exactly what it is.  Plus, when you need a fair, manageable loan with flexible, affordable repayments, all you need to do is ask.

Telford & Wrekin Council exclusive discounts

We’re pleased to offer the following discounts to Telford & Wrekin Council employees –

• Telford & Wrekin Council employees can join FAIRshare for FREE – we usually charge a £5 membership fee to cover administrative costs
• An impressive 20% discount* off loan interest rates – we call this the Payroll Bonus 

*Minimum period of 1 month payroll saving to qualify for Payroll Bonus discount.  The Payroll Bonus discount does not apply to the FAIRshare First Loan or the Secured Saver Loan.

What is Payroll Saving?

• Payroll saving is making regular savings directly from your salary.  Telford & Wrekin Council deducts the amount you wish to save direct from your wages via the payroll, and transfers this to your FAIRshare savings account – hence it is often called Payroll Deduction.
• Saving direct from your salary is so easy and hassle free – you can save as little or as much as you wish, from just £1 a week or £5 a month
• Your money is transferred to your FAIRshare account and can be withdrawn** at any time
• Your employer has NO access to your FAIRshare account, balances or details
• Payroll saving is a staff benefit which Telford & Wrekin Council offers to you
• There is NO cost to you – Payroll Saving it is free of charge

Why join Payroll Saving?

• Saving directly from your salary is easy and hassle free
• Saving directly from your salary is the ‘painless’ way to save – it’s often easier to put some money aside before receiving your pay
• Saving money regularly helps protect you from unexpected financial pressures and helps you manage your money more effectively
• You can save as much as you want from just £1 a week or £5 a month
• Savings soon build up to buy that special present, a holiday or to help with one of life’s emergencies
• Savings can be withdrawn at any time**
• You can manage your account 24/7 using Online Members’ Access
• If you need to borrow money, FAIRshare offers fair, manageable loans to members – you can apply for a loan online, and the repayments can be deducted from your payroll savings
• Save as you borrow – if you borrow from FAIRshare, your loan repayment includes a saving amount, so when you’ve paid back your loan, you’ll have saved money too.
• Your money is safe and protected by the Financial Conduct Authority & the Prudential Regulation Authority, unlike staff ‘kitties’ or informal savings schemes
• Your savings are covered by the Financial Services Compensation Scheme, currently to the value of £85,000

** You must keep £5 in your account to keep it open

Joining the Telford & Wrekin Payroll Saving Scheme is simple too, so why wait?   Join today and you can start saving tomorrow.