Our Partners – the Path to Financial Resilience
About our Employee Schemes
Save on a regular basis for the Future
Acorn Community Bank has partnered with a number of companies to provide a savings and preferential loans scheme for their employees. Staff can save money or make loan repayments directly from their wages – no fuss, no hassle. Everything is very easy! This is a simple, fast way of saving for a ‘rainy day’ or when you are planning for a big event.
If you would like to join the scheme, you can either contact your payroll department or apply to the credit union, using the button below. You will need to provide us with your staff number and let us know how much you would like to save each month. You can see a list of our current partnerships further down this page.
If your employer hasn’t yet set up a scheme with us, please speak with your HR or finance team and encourage them to do so. We may be contacted either by calling 0303 030 0147 or writing to payroll@acorncb.bo.uk.
spppt partnered with us
Saving regularly
Join the credit union and start saving
It costs just £2 to join the scheme and become a member of the credit union. You can then start saving with us. Your regular savings will automatically be transferred from your wages each month to your credit union savings account. If you wish to change the amount you are saving, simply contact our office on 0303 030 0147 or write to office@acorncb.co.uk.
The minimum you can hold in your savings account is £1.00 and the maximum is £60,000. All your savings are protected by the Financial Services Compensation Scheme (FSCS).
When you would like to borrow
You can borrow £250 – £7,500, interest rate 0.5% – 3% per month
Once you have joined the scheme, and your savings have started to grow, you will be eligible to apply for a loan. Once the loan is agreed, we will advise your payroll department of the repayment amounts, which will be automatically transferred from your wages each month. The amount you are able to borrow will depend on the amount you have previously saved with us.
We will always encourage you to continue saving while you are repaying your loan, so your savings account continues to increase.
We foster a responsible attitude to credit and only lend to loan applicants that can afford to meet the repayments.
If you would like to apply for a loan, please press the button below.