As we come out of lockdown, the rise in inflation and financial challenges for many means that lots of people could find themselves burdened by unnecessary debt.
To tackle this, Great Western Credit Union is offering a more flexible way to borrow. The Flex@Work accounts allow people to borrow based on their salaries that are easier to manage than a credit card or overdraft.
The new offer builds on the company’s MONEY@WORK scheme, which is used by over 35,000 employees and 29 employers including Bristol City Council, Bath and North East Somerset Council and the Centre for Sustainable Energy.
“As lockdown restrictions have eased and the devastating financial impact of COVID-19 becomes more apparent, Great Western Credit Union is here to aid our local communities to build back better. This year, we’re looking to increase our employer partners by up to 50 per cent,” said James Berry, the chief executive of Great Western Credit Union.
“In joining us, organisations can help improve people’s financial resilience in our region whilst giving their employees access to fairer credit. With difficulties in recruiting making the news now is the ideal time to make sure that your employee package is the best it can be, and looking after your team’s financial welfare through Money@Work is a great no-cost way to do that.”