Moneyworks Wales

A Meaningful Staff Perk

Want to help improve your Team’s Financial Resilience?

Our Moneyworks scheme for employers in Wales helps your staff enjoy financial wellbeing with access to saving through their salary, and access to ethical low rate loans when needed. There are around 200 employers across Wales accessing this service for their staff. In Cardiff & the Vale of Glamorgan, we work with over 50 employer partners, including:

Admiral Insurance, Legal and General, Cardiff and Vale of Glamorgan Councils, Dwr Cymru Welsh Water, Panasonic and Cardiff Metropolitan University.

How does it work?

Moneyworks schemes allow staff to save and/ or make loan repayments via a payroll deduction made by the employer from salary and transferred directly to the credit union each month. These schemes are easy to set up and cost the employer nothing, while providing a great employee benefit. It doesn’t matter how large or small the employer is.

Employee Benefits

  • Competitive savings rates
  • Savings protected by the Financial Services Compensation Scheme
  • Access to affordable credit if needed
  • Making saving regularly an easy habit with deductions made directly from salary
  • Free life insurance (terms and conditions apply)
  • Supporting our local economy and communities by saving and borrowing with us

Employer Benefits

  • No fee charged to employer partners for our service
  • Straightforward to set up and administer
  • Improves employee financial resilience and alleviates financial stress by encouraging a savings culture
  • Reduces sickness absence and increases staff productivity through alleviated financial pressures
  • Demonstrates corporate social responsibility by supporting the local economy and community projects
  • A free employee perk to support recruitment and retention!

Current Moneyworks Partners:

  • ACE
  • ACT Cardiff
  • Admiral Plc
  • Alcumus
  • Cadarn Housing Association
  • Cadwyn Housing Association
  • Cambria Maintenance
  • Capital Law
  • Cardiff Airport
  • Cardiff & Vale NHS Trust
  • Cardiff & Vale NHS Board
  • Cardiff and Vale College
  • Cardiff Bus
  • Cardiff Council
  • Cardiff Metropolitan University
  • Cardiff University
  • Cardiff Women's Aid
  • Cardiff YMCA
  • Cartrefi Cymru (Cardiff & Vale)
  • Digital Health Care Wales
  • Diverse Cymru
  • Drive Ltd
  • Dwr Cymru Welsh Water
  • GLL
  • Gofal Care Cymu
  • Hafod Housing Association
  • Hugh James
  • Innovate Trust
  • Keep Wales Tidy
  • Knox & Wells
  • Legal & General
  • Linc Cymru Housing Association
  • Llamau
  • National Dance Company Wales
  • National Museum of Wales
  • Newydd Housing Association
  • NHS Wales Shared Services Partnership (Cardiff)
  • Platfform
  • Pobl Group - Cardiff
  • Public Health Wales
  • Robertsons Solicitors
  • Senedd Cymru
  • Sherman Theatre
  • Taff Housing Association
  • Tenovus
  • Vale Cleaning Services
  • Vale of Glamorgan Council
  • Velindre NHS Trust - Cardiff
  • Wales & West Housing Association
  • Wales Council for Voluntary Action (WCVA)
  • Wallich
  • Welsh Government

What our Employer Partners say:

Robin Jones, Head of Pay and Reward, Welsh Government:

“The promotion of credit union membership through payroll deduction for public sector employees is a key objective of the Welsh Government. As such, the Welsh Government offers employees an opportunity to pay into their credit union account through payroll deduction. Payroll deduction is simple and straight forward to set up, requiring no more than the setting up of a new deduction pay code and a new third party payment. The whole process takes minimal time and effort and it allows our employees to benefit from having a safe place to put their savings and apply for a loan at a reasonable, affordable and competitive rate of interest.
Manager, Cardiff Bus:

“Cardiff Bus has been working with Cardiff & Vale Credit Union for almost ten years, and around a third of our workforce uses their services. The administration of their schemes is very straightforward and through visits to our site they make it even easier for our employees to access their services.”

Want to find out more?

Call us now on (029) 2087 2373 or email to find out more about establishing a Moneyworks Wales scheme in your place of work.