North Warwickshire Borough Council is supporting its employee’s financial wellbeing

North Warwickshire Borough Council is supporting its employee’s financial wellbeing
October 17, 2022 Sean Lynch

Citysave recently visited North Warwickshire Borough Council House to attend the Cost-of-Living Engagement Forum with several other support agencies in the region. At the event the Chief Executive for the council pledged to join Citysave.

Steve Maxey – Chief Executive said “The council is very proud of the employee benefit scheme in place with Citysave helping to support our employees with their financial needs. Making it easier for employees to save and build up financial resilience is a fundamental part of our wider employee wellbeing agenda. I hope by becoming a member of Citysave, I can encourage other staff in the council to do the same”

Citysave had been invited to the event to distribute information about how the Credit Union can have a positive impact on both the local community and the employees of North Warwickshire Borough Council.

Sean Lynch – CEO said “Citysave has been operating for 34 years and is now one of the largest Credit Unions in the region. We have a rich history of supporting council employees as we were originally founded by Birmingham City Council in 1988. Financial resilience is very much in the spotlight currently; the products and services Citysave offer tackle that issue directly. It is such a powerful statement to get the Chief Executive joining the credit union and becoming part of our story”

The Money and Pension Service released a report on 27th September 2022 – Nation of Savers: A report from the UK Adult Financial Wellbeing Survey which stated: “Being a ‘regular saver’ is an important steppingstone to improving financial wellbeing. In conjunction with other attitudes and behaviours with money, it can make a big difference to people’s lives”

The article also states: “In the delivery plans for the UK Strategy for Financial Wellbeing, we are focused on taking forward three recommendations to build a Nation of Savers among working age adults on low-to-modest incomes” one of which is expanding the provision of workplace (payroll) savings. To view the article click here

Citysave has been working with employers across the Birmingham and Warwickshire region for 34 years. The scheme is completely free, and the Credit Union handles most of the admin on behalf of the employer

To find out more and get in touch click here