Legal & General Wins National Credit Union Award
Legal & General has received a national award for improving the monetary health of its workforce.
The Cardiff-offices of the financial services company won the Payroll Partner (Third Sector) award from the Credit Unions of Wales in recognition of its commitment to supporting the financial welfare of its staff.
The company was nominated by Cardiff & Vale Credit Union and received the award from Jane Hutt MS, the Patron of the Credit Unions of Wales.
She said: “For the third year running the Credit Unions of Wales Awards has highlighted the many success stories of this global movement and I want to congratulate each of the winners for their dedication and commitment to the cause.
“As financial cooperative, credit unions have a major role to play in the economic health of Wales by offering easy access to ethical savings and affordable loans.
“Once again, congratulations to the many businesses, organisations, members, volunteers and schools who have been recognised for their contribution to the success of credit unions across Wales.”
The presentation recognised how Legal & General had developed a partnership that allows the workforce to gain access to a whole range of affordable financial schemes including payroll saving and workplace loans.
Legal & General staff have a combined £4,900 in savings with the credit union, and since the scheme was introduced, £29,360 in affordable loans have been issued.
The company also encouraged other employers to demonstrate corporate responsibility by adopting a payroll scheme.
Corporate Responsibility Manager at Legal & General Lynne Sheehy said: “Its wonderful for our employees to be acknowledged in this way due to the commitment they have made in becoming credit union members and the value they get from that membership.
“We are proud of our partnership with Cardiff & Vale Credit Union and are delighted to receive the award.”
The Credit Unions of Wales Awards were sponsored by Engage and supported by the Welsh Government.
Geoff Leech, Managing Director of Engage added: “Engage Account is delighted to be sponsoring the Credit Unions of Wales Awards for the third consecutive time and we are continually impressed by the high standards of entries.
“This year is no exception as they illustrate once more the commitment and dedication of businesses, workers, organisations, members and volunteers towards the global credit union movement.
“We congratulate all of the winners and highly commended for all that they do to further the incredible work of ethical savings and loan providers across Wales.”