Contact Oldham CreditUnion

Payroll Plus

Open a Payroll Savings and Loan Account

Combat stress and financial worries within the workplace with our payroll savings scheme.

Founded in 2002, Oldham Credit Union (OCU) is a not for profit, democratic, financial co-operative regulated by the Prudential Regulation Authority.

We offer Simple, Affordable, Flexible, Ethical (SAFE) financial services.

By offering SAFE financial services, OCU has seen a 50% increase in membership, reaching 3500 members with savings of £900,000 and £1m lent in the last 2 years.

We work in partnership with employers in Oldham to offer these SAFE financial services to their employees via payroll savings schemes. Our partnerships with employers help them address key organisational issues when it comes to staff welfare and company CSR.

If you are an employer working in Oldham and wish to join the scheme, contact us.

Employee Benefits

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A convenient, low cost, ethical financial service

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Easy access savings account

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Affordable loans

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Pre-paid Visa card

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Free life insurance

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Ethical savings

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Improved financial wellbeing

Employer Benefits

How does a payroll savings scheme benefit employers?

  • More effective employees – reduced staff illness caused by financial worry


  • Reduce staff turnover – This cost UK businesses £42bn a year**Daily Telegraph, March 18th 2013


  • Improve Corporate Social Responsibility – CSR gained from partnering with an ethical financial institution results in a happier, healthier workforce.


  • OCU are responsible for the scheme – The employer only facilitates monthly salary deduction meaning minimal admin for employers.

Employers We Work With


Employers who use our services include:

  • Oldham MBC
  • First Choice Homes
  • Miocare
  • Strictly Education
  • New Bridge Academy
  • Waterhead Academy
  • Mouchel
  • Bright Tribe

Customer Testimonial

"It's easier and cheaper to borrow money than at the bank  and is taken directly from my wages. The staff are friendly and professional."

Mr Durkin, Oldham

"It is a good way to save a little each week that you do not miss. It helps others, to make funds available for people to borrow at low interest rates, that would not be able to borrow from banks. The..."

Mrs Casey, Oldham

Loan Calculator

This calculator is for illustrative purposes only. The actual interest rate will depend on a members individual circumstances at the time of application.
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