Adullam Homes and Citysave are celebrating a new partnership which will make it even easier for Adullam employees to take control of their finances.

Ceri Murphy, Assistant Director-People at Adullam said:

“Adullam Homes believes that its employees are at the heart of everything it does; that is why we are committed to ensuring all staff have access to a range of wellbeing services. As part of our wider wellbeing agenda, we have a pillar committed to the Financial Wellbeing of our team.

“The Citysave employee benefit scheme ensures that all staff, regardless of their personal circumstances, have access to ethical and simple financial services. In addition, working with a community, not-for-profit organisation like Citysave aligns with our values and gives us confidence they will act with our employees’ interests at heart.”

Under the partnership, Adullam Homes employees will be able to join the Credit Union, giving them access to savings accounts and affordable loans. Partnerships like these have been proven to improve the financial and mental wellbeing of employees which reduces stress and increases financial resilience, leading to happier and more productive workforces.

In March 2023, Fair4All commissioned research to look at the positive effect payroll deduction can have. The report stated that payroll deduction should become a policy priority for business organisations, trade bodies, funders, central and local government, and civil society.

Sean Lynch, Citysave Chief Executive Officer said:
“We are delighted to welcome Adullam Homes onto our employee benefit scheme. It is encouraging to see forward thinking employers bringing in our services to help support the financial wellbeing of their staff. A key theme in the Money and Pension Services strategy for financial wellbeing is to get 2 million more people saving. We know that our partnerships drive real change in employees’ savings habits, while at the same time insulating them from financial shock. Last week we saw the conviction of a Loan Shark who was lending to other employees. This staff benefit works to directly address those types of issues, that can occur in the workplace.”

The credit union is based in the heart of Birmingham and serves a large portion of the West Midlands area. To find out more about the products and services we offer, head to our website or contact us.