We work with many partners throughout Bolton and Bury so that our services can be accessed by as many people as possible. This includes working with employers, both large and small, for the benefit of their employees.


If you work for one of our partner employers you can access our payroll deduction scheme.



When you open a Hoot savings account you should indicate the employer you work for. Once your account is open you will receive your welcome pack plus a payroll deduction form so you can tell us how much you want to save.


If you’re already a member of Hoot and want to set up payroll deduction email us at enquiries@wisewithmoney.org.uk to request a form.

Will it cost me anything to arrange payroll deduction?


No there are no charges for payroll deduction.


Is the money safe?


Savings are protected by the Financial Services Compensation Scheme.


Will my employer know how much is in my account?


No, details of your account are confidential and will not be given to anyone else without your permission. Your employer has no access whatsoever to your Hoot account.


What if I want to stop deductions?


You simply inform payroll if you wish to stop deductions. The employer is not liable for any overdue payments because payroll deduction is stopped. Hoot will deal directly with the employee on anything to do with their account.


If I leave and have a loan with Hoot is the employer liable for re-payments?


No. The contractual arrangement is between the credit union and you. It would be your responsibility to contact us to make alternative payment arrangements.


Can I access my savings at any time?


Provided your savings are not attached to a loan agreement, you are not in loan arrears or your savings are not locked in a Christmas savings account you can withdraw your savings at any time. You must keep a minimum of £1 in your Hoot account to remain in membership of the credit union.

Everyone wants access to affordable financial services and responsible employers are always looking for ways to provide staff benefits to their employees. Saving via payroll can offer a buffer if things go wrong when you least expect them. Even a small amount of savings can soften the blow and help your employees avoid resorting to expensive borrowing.


Financial worries are a huge concern to employers and workers alike: debt can cause stress and depression, which can lead to absences and reduced productivity – a vicious circle that leaves everyone worse off.


Encouraging your employees to sign up to Hoot’s payroll savings and loans scheme can help reduce your staff turnover and absenteeism costs associated with financial stress in employees; as well as meeting your corporate social responsibility objectives. Being a good employer is good for business.


To see how payroll deduction improves the well-being of your employers, take a look at this video


For more information on the benefits of payroll deduction schemes with Hoot download our brochure Payroll deduction with Hoot Credit Union.

“I find saving with the Credit Union by payroll deduction really easy. When I look at the bottom line on my payslip I don’t even see it – out of sight out of mind, its already in my Hoot account. I get my statement close to my birthday and am always amazed by how much I have saved. I get a loan regularly – just a small one to help with holidays and car insurance. I don’t even need to increase my deductions, so I feel like it’s not costing me any more. And I still manage to save! ”


Georgina, 39, Bolton

Member of ABCUL

Founder member of CFCFE

Member of Credit Unions for Greater Manchester

Authorised and Regulated by