Adullam Homes and Citysave are celebrating a new partnership which will make it even easier for Adullam employees to take control of their finances.

Ceri Murphy, Assistant Director-People at Adullam said:

“Adullam Homes believes that its employees are at the heart of everything it does; that is why we are committed to ensuring all staff have access to a range of wellbeing services. As part of our wider wellbeing agenda, we have a pillar committed to the Financial Wellbeing of our team.

“The Citysave employee benefit scheme ensures that all staff, regardless of their personal circumstances, have access to ethical and simple financial services. In addition, working with a community, not-for-profit organisation like Citysave aligns with our values and gives us confidence they will act with our employees’ interests at heart.”

Under the partnership, Adullam Homes employees will be able to join the Credit Union, giving them access to savings accounts and affordable loans. Partnerships like these have been proven to improve the financial and mental wellbeing of employees which reduces stress and increases financial resilience, leading to happier and more productive workforces.

In March 2023, Fair4All commissioned research to look at the positive effect payroll deduction can have. The report stated that payroll deduction should become a policy priority for business organisations, trade bodies, funders, central and local government, and civil society.

Sean Lynch, Citysave Chief Executive Officer said:
“We are delighted to welcome Adullam Homes onto our employee benefit scheme. It is encouraging to see forward thinking employers bringing in our services to help support the financial wellbeing of their staff. A key theme in the Money and Pension Services strategy for financial wellbeing is to get 2 million more people saving. We know that our partnerships drive real change in employees’ savings habits, while at the same time insulating them from financial shock. Last week we saw the conviction of a Loan Shark who was lending to other employees. This staff benefit works to directly address those types of issues, that can occur in the workplace.”

The credit union is based in the heart of Birmingham and serves a large portion of the West Midlands area. To find out more about the products and services we offer, head to our website or contact us.

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Citysave Credit Union is thrilled to announce its recognition as Community Business/Cooperative of the Year at the prestigious 2024 Social Economy Awards. This honour highlights Citysave’s commitment to promoting financial inclusion and empowering communities through ethical, member-focused financial services.

The award, presented at a gala ceremony in Birmingham, celebrates Citysave’s outstanding contributions to social value, innovative service delivery, and unwavering dedication to its members. Operating at the heart of its community, Citysave has made a tangible difference by delivering products and support designed to improve financial resilience and inclusion.

Sean Lynch, CEO of Citysave Credit Union, expressed his pride and gratitude:
“This award is a testament to the dedication of our team and the trust of our members. At Citysave, we believe in building financial stability for our communities through cooperation and compassion. Being recognized for these efforts is deeply humbling and motivates us to continue innovating and serving. Thank you to the Social Economy Awards for this honour and to everyone who makes Citysave what it is today.”

Citysave’s impact is demonstrated not only in its financial products but also in its educational initiatives and partnerships that address critical issues such as debt reduction, saving for the future, and responsible borrowing. Winning this award underscores the power of the cooperative model in creating sustainable, positive change.

Citysave Credit Union would like to thank its members, partners, and staff for their continued support and contribution to its success. Together, we look forward to driving even greater impact in the years ahead.
For more information on how Citysave can support your business, please contact:

Sean Lynch
Sean.lynch@citysave.org.uk

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Citysave Credit Union and West Midlands Combined Authority (WMCA) are celebrating a new partnership which will make it even easier for employees of the Authority to take control of their finances.

The WMCA have said:
“The West Midlands Combined Authority believes that its employees are at the heart of everything we do. That is why we are committed to ensuring all staff have access to a range of wellbeing services including the Citysave payroll scheme. We have launched a Thrive at Work scheme under our own wellbeing initiatives and would encourage other employers in the region to follow in our footsteps.“

Under the partnership, West Midlands Combined Authority Employees will be able to easily join the Credit Union, giving them access to savings accounts and affordable loans. Partnerships like these have been proven to improve the financial and mental wellbeing of employees which reduces stress and increases financial resilience, leading to happier and more productive workforces. In March 2023 Fair4All commissioned research to look at the positive effect payroll deduction can have. The report stated that Payroll deduction should become a policy priority for business organisations, trade bodies, funders, central and local government and civil society.  

Sean Lynch, Citysave Chief Executive Officer said:
“We are delighted to welcome the West Midlands Combined Authority onto our employee benefit scheme. It is encouraging to see forward thinking employers bringing in our services to help support the financial wellbeing of their staff. A key theme in the Money and Pension Services strategy for financial wellbeing is to get 2 million more people saving. We know that our partnerships drive real change in employees’ savings habits while at the same time insulating them from financial shock.”

Andy Street, Mayor of the West Midlands, said:
“I’m pleased to learn of the Citysave scheme – making it easier for employees to save, borrow and build up financial resilience. This initiative chimes with the WMCA’s Thrive At Work programme – nurturing the wider employee wellbeing agenda. I expect other employers will be keen to follow suit in the months and years ahead. I wish Citysave all the best in their endeavours.”

The credit union is based in the heart of Birmingham, and offers a range of online and mobile banking services to people living or working in Birmingham and Warwickshire. To find out more about the products and services we offer, head to our website or contact us.

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Citysave Credit Union is thrilled to announce the official launch of the PrizeSaver scheme, a unique savings initiative designed to empower members to start saving small while offering the chance to win fantastic prizes every month.

PrizeSaver operates on a simple yet rewarding principle: for every £1 saved in a member’s account at the end of each month, they will receive one automatic entry into the following month’s prize draw. Members have the flexibility to enter up to 200 times per month, enhancing their chances of winning exciting prizes. The headline prize stands at an impressive £5,000, making dreams of financial milestones a reality. Additionally, there are 10 smaller prizes of £50 and 10 prizes of £20, ensuring a diverse range of winners each month.

Citysave Credit Union is committed to providing a secure environment for its members’ savings. The PrizeSaver scheme assures participants that their money is protected by the Financial Services Compensation Scheme, covering deposits up to £85,000. Members can save with confidence, knowing that their funds are safeguarded against unforeseen circumstances.

Commenting on the launch of PrizeSaver, Sean Lynch, CEO at Citysave Credit Union, said, “The Money and Pension Service has a 10 year strategy that is trying to get 2 million more working-age ‘struggling’ and ‘squeezed’ people saving regularly. I believe that Citysave, with its own vision and mission, is perfectly aligned to support that strategy. The PrizeSaver is a great way to drive behavioral change in people who may not have saved before. Financial resilience and the need for savings to fall back on is a well rehearsed issue. The key is motivating that change and I believe that is what this scheme sets out to deliver.” 

Citysave Credit Union invites both existing and new members to join the PrizeSaver scheme, turning the act of saving into an exciting and rewarding experience. For more information about Citysave Credit Union and the PrizeSaver scheme, please visit https://www.citysave.org.uk/prizesaver/.

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