Merthyr Valley Homes has received a Credit Unions of Wales Award for improving the financial wellbeing of its staff.
The company was nominated for the Payroll Partner (Third Sector) title by Merthyr Tydfil Borough Credit Union for encouraging their workforce to save and borrow from the ethical financial cooperative.
As Wales’ first tenant and employee mutual housing association, Merthyr Valley Homes manage 4,200 properties across the borough and recognise the value of the payroll deduction scheme.
Not only do they promote the various financial services available to their workforce but encourage new employees to become credit union members as a perk of their employment.
Lorraine Oates, Deputy CEO of Merthyr Valley Homes said:
“We are an anchor investor in Merthyr Tydfil and delighted to receive the Credit Union Award.
“We’re proud to have partnered with Merthyr Tydfil Borough Credit Union over many years, encouraging staff to save regularly. Offering a payroll deduction scheme seemed the right thing to do for our 230 colleagues and we have no doubt of its benefits.”
Delyth Shearing, General Manager of Merthyr Tydfil Borough Credit Union added:
“Our partnership is growing from strength to strength with more staff engaging with our services every week.
“We are proud to be supporting a not-for-profit organisation that has community at their core and we look forward to establishing more members with them as we continue to work together.”
Merthyr Valley Homes are one of nine winners of this year’s Credit Unions Awards which is sponsored by the Welsh Forum of the Association of British Credit Unions Ltd (ABCUL) with support from the Welsh Government.
Robert Kelly, Chief Executive of ABCUL, said:
“The Credit Unions of Wales Awards illustrate the commitment and dedication of businesses, workers, organisations, members and volunteers towards the global credit union movement.
“It shows how credit unions are building communities and helping people manage their finances for a better future.
“Congratulations to all of the winners for all that they do to further the incredible work of ethical savings and loan providers across Wales.”