WORRYING LESS ABOUT MONEY IS GOOD 4 WORK PERFORMANCE
MONEY4U is a free employee benefit scheme that can help support your employees’ financial wellbeing by offering them affordable loans and savings directly from their salary.
Workplace impact of money worries
Financial worries are one of the biggest causes of stress in the workplace today. Payday loans and mounting credit card debts are all-too-common, particularly for young people, while many are not saving for the future. The effects are all too clear.
3.6 HOURSlost per week
1.5 SICK DAYSper year
6 TIMESmore likely to affect employees’ work quality
Employees6 TIMESmore likely to fail to complete daily tasks
How we help
Helping your employees save
The evidence above shows the need to help workers put money aside. Regular saving is one of the first steps towards good financial health. Saving through payroll deduction is easy and lets employees build up savings from their salary.
A better way to borrow
Our employee loans offer an affordable and competitive alternative to high street and high interest lenders as well as a convenient way to pay.
Good 4 you
- MONEY4U encourages staff loyalty and retention
- Makes an attractive recruitment benefit
- Free – no set-up costs
- Easy to implement
- Shows your commitment to Corporate Social Responsibility
Good 4 your employees
- Wide range of products to suit individual needs
- Savings protected by the Financial Services Compensation Scheme up to £85,000
- Easy to apply
- All deductions made at source and detailed on payslip
- Easy to manage – online and telephone banking
Building financial resilience in the workplace
MONEY4U can help employees become more financially resilient, preventing anxiety, poor work performance and absenteeism cause by money worries.
What’s more, this type of payroll deduction scheme is proving to be universally popular among those who use them.
Financial support 4 your local community
MONEY4YOU is provided by Leeds Credit Union, an ethical community-owned financial services provider. The money that comes in from our savings and loans go out to do good in the local community.