Talking Credit Unions from Swoboda Research Centre
Talking Credit Unions delves into the latest trends shaping the financial landscape, equipping credit unions with the insights they need to stay ahead in a rapidly evolving industry. This podcast also tackles key issues facing the movement, fostering knowledge sharing and collaboration. Featuring a diverse line-up of credit union leaders, experts, researchers, and industry suppliers, it offers valuable perspectives to drive best practices, innovation, and success.
Talking Credit Unions is brought to you by the Swoboda Research Centre, which works to support positive change and transformation in the credit union movement. (https://swobodacentre.org/).
The podcast’s current producer and host, Anca Voinea, is a trained journalist with over 13 years of experience in the co-operative and credit union sectors. To suggest a podcast topic or for any other inquiries, contact her at anca.voinea@swobodacentre.org.
Talking Credit Unions from Swoboda Research Centre
EDITION 8 - Payroll Deduction Member Recruitment
This edition is about member recruitment via payroll deduction. How British and Irish credit unions, and others, have managed their journey into member recruitment via the route of employer participation. I have some excellent guests on the podcast and my gratitude goes out to them for giving up their valuable time freely in the middle of this pandemic.
We will hear from:
- Billy Doyle CEO Dundalk CU in Ireland
- Luke Mellard, Business Development Manager at the company Salary Finance
- Carol McHarg CEO 1st Alliance CU in Ayrshire Scotland
- Ann Hickey CEO East Sussex CU in England
- Roger Shelton Business Development Manager in Sheffield, England
Credit unions have been using payroll deduction as a means of member recruitment since the earliest days. Many credit unions began life as an employee-based organisation designed primarily as a payroll savings and loans co-operative. Local authorities, and other large employers, often encouraged credit unions to grow in their midst and many of these credit unions have flourished. However, community-based credit unions have made good progress in attracting local employers to offer payroll deduction.
I spoke to some credit unions leaders making the most of payroll deduction schemes, and some that were seeking take up with small and medium sized enterprises organisations falling outside the traditional common bonds of the industrial credit unions.
I started by asking the payroll deduction company Salary Finance for their view on all this and their candid answers demonstrate that they are here to stay in this market.
Talking Credit Unions is a regular podcast dedicated to informing credit union practitioners, leaders, and opinion formers on a variety of industry topics. The podcast is sponsored by the Swoboda Research Centre.