Becoming a Payroll Partner

Who are Beacon?

We are Beacon Savings & Loans, a credit union who serves all of Cheshire and the remaining WA postcodes in Merseyside. Membership is open to anyone who lives or works within this boundary (common bond) You can find out more in Our Members page

Credit unions are member owned, not for profit savings and loans cooperatives. This means we put people and plant before profit. When a person joins Beacon, they become a member, a share holder and an owner. Along with thousands of other people within our common bond.

What is the Salary Saving Scheme?

The Salary Saving Scheme offers an automatic, low-cost benefit for employees, helping them to save regularly and access affordable loans directly from their payroll. This supports employees to build financial resilience, reducing financial stress and improving overall workplace wellbeing.

Why Use Payroll Deduction?

Payroll deduction is a convenient, automatic way for employees to save consistently or repay loans, all managed directly through their pay. By using this “set and forget” method, employees can build up savings gradually and reliably – without the need to set up external transfers or worry about access to funds beforehand.

Can we Trust You?

It’s a reasonable question. At Beacon, trust isn’t just a word—it’s the foundation of everything we do.

We’re a community-focused credit union, not a profit-driven bank. That means we exist to serve our members, not shareholders. Every decision we make is guided by fairness, transparency, and a genuine commitment to your financial wellbeing.

✅ Regulated and Responsible
We’re fully authorised and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, so you can be confident your money is safe and your rights are protected. All deposits are covered by the Financial Services Compensation Scheme (FSCS), meaning your savings are covered.

✅ Ethical Lending
Our loans are designed to be affordable, with no hidden fees or confusing terms. We’ll never lend more than you can manage—and we’ll always encourage saving alongside borrowing.

✅ Local and Personal
We’re rooted in the communities we serve. You’re not just a customer—you’re a member. That means you have a voice, a vote, and a team that genuinely cares.

✅ Built for Real Life
We understand the ups and downs of everyday life. Whether you’re saving for Christmas, managing childcare costs, or planning ahead, we’re here to help—with practical products and a human touch.

Beacon Savings & Loans: Trusted. Ethical. Here for you.

Benefits of the Scheme

As an employer, you obviously want the best for all the people that you employ. Beacon Savings & Loans can be a part of the solution that you put in place to help. Employees who have financial stress and worries are more likely to be off sick and to be less focussed.

  • Enhanced Employee Productivity: Reducing financial stress helps employees stay focussed, improve performance and decrease absenteeism.
  • No or Low Cost to you, the employer: Offering this benefit can reduce requests for pay advances. Employees gain access to low-cost loans, helping them avoid high-cost payday lenders and reducing the risk of high debt and financial stress.
  • Improved retention and Loyalty: Employees value this supportive and ethical financial benefit, fostering greater job satisfaction and commitment.
  • Positive Corporate Reputation: Showcases the company’s dedication to employee wellbeing and community support, enhancing brand image.
  • Strengthened Local Economy: Partnering with Beacon Savings & Loans keeps funds within the community, boosting local financial health and sustainability.

What do you, the employer need to do?

The monthly processing is pretty simple, we will let you know who and how much. Your team needs to confirm this and send us the money. We will take care of the rest.

We will create a webpage just for your employees, where they can find up more, sign up, begin saving or apply for a loan. As members they will be able to access their account 24/7 via our app or website.

It really is that simple. Ready to become a payroll partner and give your employees access to ethical and affordable savings and loans?

Get in touch below












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    Is there a minimum amount required to save?

    With our Salary Saving Scheme, we have a minimum amount of £2.50 per week or £10 per month.

    We do this to encourage the habit of saving on a regular basis. These funds are locked in with the credit union until the loan is repaid, these funds are then transferred to a regular saving account, these can be withdrawn or used to borrow against applying for our Saver Loan.

    Is it safe?

    Beacon Savings & Loans is a covered by the Financial Services Compensation Scheme. This means that up to £85,000 is covered in the event of our closure.

    You can read more about the Financial Services Compensation Scheme HERE.

    Can I sign my company up to be a partner?

    If you have the authority to do so, of course. The company must be based within our common bond (the geographical area in which a credit union can sign members from). Employees may live outside of this area, as long as they work with this boundary.

    Our common bond currently covers all of Cheshire, as well as the remaining WA post codes, such as St Helens. You can find the full list on Our Members page