Become a workplace champion today

Who is a Workplace Champion?

This is someone who is dedicated to improving at a certain area of within an organisation. They are highly motivated to share their enthusiasm and engage their
community.

We are looking for members, who are part of our Payroll Deduction Scheme with one of our partners, to refer our Payroll Deduction Scheme to their colleagues. By referring your colleagues, you will indirectly help them reduce their money worries and show them how to get into the habit of saving.

As a thank-you, you (the Champion) and your referee will both receive an additional £100 to their account when they take an introductory loan of up to £2000. Terms and conditions apply.

Interested members should contact graham@cus.coop providing their own contact details and their work location.

Together, we can take the money out of worry and create a more productive workplace for everyone.

Hertsavers Payroll Deduction Scheme – apply today

Have you been ever been stressed at work because you are worried about your finances? Does it affect your performance at work? You are not alone… From research done by ABCUL,

“1 in 4 employees lose sleep over money worries.

“59% of employees with money worries say they are not working at their best.”

“26% of working age adults in the UK have no savings at all and a further 29% have less than £1,000 in savings.”

As Hertsavers, we help you take the worry out of money. By joining our Payroll Deduction Scheme, you will be able to save and borrow with us.

When you put aside a predetermined amount of money from your salary/wages each month without spending it, you will automatically save money even without thinking about it. This will help you stop worrying about remembering to put money aside for a rainy day as we would have done it on your behalf.

What’s more, you can take out an introductory loan as soon as you join the credit union.

By taking the money worries away, you will be more productive and less stressed at work.

Apply now

How to boost your financial wellbeing for better mental health

At Hertsavers, we believe that you need to look after your mental health as much as your physical health. According to Mind, the mental health charity, poor mental health can make it more difficult to make earnings and manage money. At the same time, worrying about money can make your mental health worse.

From a survey conducted by Money and Mental Health, 86% of the participants who had experienced mental health problems said that their financial situation worsened their mental health problems.

Those who are suffering from financial stress may experience insomnia (lack of sleep), depression, anxiety, physical health issues such as high blood pressure, weight gain or loss, alcohol or drug abuse, relationship issues and even self-harm or suicidal thoughts.

Here are some of the ways that can help you boost your financial wellbeing:

1. Create a financial plan and stick to it.

Think about what you will be doing to help you cope with the situation that you are in. Do you have spending issues? Get in to the habit of setting a budget. Are you stressed at work? Look for a new job or a side hustle. Paying too much for bills? Shop around for better deals.

Once you have identified the issue and possible solutions, set yourself some goals by making them SMART.

After setting your goals, monitor your progress by checking in. Reward yourself if you have hit a milestone. If you have gone off-track, rein yourself in.

Remember, the more detailed and realistic your plan is, the better the chance that you will follow through. You can even ask someone that you trust to hold you accountable to make sure that you stick to your plan.

2. Set up a monthly budget and review it regularly.

Setting up a budget will not only help you achieve your financial goals but also help you prevent spending unnecessarily.

By keeping track of your budget frequently, you will be able to look for ways to save money, prioritise what you are spending on and see what else you can do to reach your financial goal.

3. Declutter your finances.

After you have reviewed your budget, you can identify what you can spend less on to save money or see what you can remove from your budget if you don’t need it anymore. For example, if have a subscription that you haven’t used, you can stop it. If your mobile contract is about to end, you can start looking for better deals.

You can read our blog for more details on how you can declutter your finances.

4. Get into the habit of saving.

The habit of saving can be quite difficult to stick to however, if you have the right mindset, you will see the results of saving.

Create a goal of how much you are thinking of saving every week/month.

If it helps, you can open a savings account with us so that you have a pot where your money goes. You can find out more here.

Give yourself small rewards for every milestone that you hit. Though make sure your treat/reward costs less than what you have saved :-).

You can read our blog on ‘How to get into the habit of saving money’ here.

5. Get some money mantras that can help whenever you feel low.

Mantras are powerful that can help you boost your confidence and self-worth. They can also help in creating peace and prosperity.

For example:

“I am grateful for the money I have and eager for the abundance that is to come.”

“I forgive myself for my past poor money choices.”

6. Talk to someone about your financial situation.

As the saying goes,” A problem shared is a problem solved.” This is true when it comes to talking to someone about your financial situation. Money is often perceived as a taboo topic however when you do open up, it can help resolve the issues that you may have.

By talking to someone about your worries can help you make sense of what exactly it is that is causing you grief. In fact, sometimes your friend/loved one could even help you come up with a solution that you hadn’t even thought of.

If you need professional advice, there are lots of services that are available such as StepChange and Money Advisory Service.

7. Destress yourself

Financial difficulties don’t disappear overnight however for your mental wellbeing, you can find different ways to help you attain peace of mind.

  • Practice meditation and breathing techniques especially when you have five minutes to spare.
  • Get some exercise into your routine.
  • Get some sleep as feeling tired can make you feel agitated and even more worked up.
  • Practice gratitude – even though you may be struggling financially, think about things that you appreciate. This will help you boost your mood.
  • Eat healthily to help support your mood, and improve your energy.

‘SHARK’ – an interactive film plus free training sessions

The England Illegal Money Lending Team are proud to launch a new interactive film ‘SHARK’ showing the dangers of loan sharks on social media created by the Perception Theatre Company. It’s part of a drive to educate young people about the risks associated with borrowing from loan sharks on social media.

The film which has decision-making pauses where you can decide what route they’d choose has been funded from cash recovered from loan sharks under the Proceeds of Crime Act (POCA).

You can watch the film here.

Stop Loan Sharks training sessions:

Session 1: Could you spot a loan shark?

The purpose of loan shark training is to provide information and knowledge about the issue, how it relates to your work and how we can help those who have borrowed from illegal lenders. The length of the session is approximately one and a half hours.

It will include key things to look out for as a sign that a friend, client or colleague may be involved with a loan shark. The session will show the impact that illegal lenders have on victims and communities and how we can work together to stop people falling into the clutches of criminals.

01 June 1030 -1200

13 July – 1030 – 1200

Session 2: Changing Lives: A loan shark victim’s journey and the part you play.

A continuing learning opportunity for those who have already received Stop Loan Sharks training – this is an additional learning tool for those that already know the basic facts about loan sharks. Learn about the implications and facts around reporting or not reporting for your business and staff; Learn about victim safety, Data Protection issues and how to help victims open up about their situation.

08 June – 1030 -1200

20 July – 1030 – 1200

Session 3: Do you understand credit unions?

Everything you needed to know about credit unions: Learn about the credit union sector – what they are, how they operate, things they do and how we can work together to encourage financial inclusion.

22 June – 1030 – 1200

27 July – 1030 -1200

 

How to spring clean your finances

Spring is upon us, the weather has improved and lockdown rules have started easing. Many of us take this chance to start spring cleaning. Now is also a good time to tidy up your financial affairs for a better mindset and managing your money.

1. Set your financial goals – and commit to them

After you have outlined your short-term and long-term financial goals, set a limit as to how much money you need to put aside to achieve them. One of the most effective ways is budgeting. By tracking your spending and seeing how much you are saving, you will feel that you’re in better control of your money which will boost your confidence.

2. Review your budget

As mentioned in the previous point, budgeting is an effective way to track your spendings which would eventually help you reach your financial goals.

When doing a spring clean, go back to your budget and see what you are spending on. If there is any unnecessary spending such as subscriptions that you aren’t using or contracts which have ended, you can cancel these or look for better deals.

By budgeting consistently, you will be able to reach your financial goals more easily and reduce any financial stress.

3. Review your credit score

It’s important that you check your credit score on a regular basis. Having simple errors in your record can affect your ability to get a loan in the future.

You would need to check the following details:

  • Address details are up-to-date
  • You are on the electoral roll at your address
  • Your information about any existing accounts is accurate
  • You make payments on time.

There are various ways to check your credit score including Experian, Equifax and TransUnion.

You can find out more about credit scores here.

4. Clear any outstanding late payments

As mentioned earlier, late payments can affect your credit score therefore now is the time to catch up and clear any late payments.

Some examples of how you can save up to settle your debts including:

Sell any unwanted items that you have either online or in a car boot sale.
Avoid spending money unnecessarily by avoid impulse buying, for example.
Sign up for our payroll deduction scheme with your employer and start putting your money aside.

You can check our money-saving tips for more ways on how to save.

5. Plan for your financial future

If you enjoy gardening, you may know that you would need to plan and begin to plant your garden for the next year in the spring. Likewise, if you are thinking about buying a car, your first home, Christmas, a special occasion or planning a holiday, you would need to take the time to create a financial plan.

You can do so by taking the advantage of one of our savings accounts to suit your needs such as the Christmas Savings Account. Also, a quick win for saving is setting some money from your salary each month through our payroll deduction scheme.

 

How to register and book the new web app

With our new web app (Lace), you’ll be able to do the following on your mobile device:

  • Get your member account balances and details in real-time, 24/7
  • Apply online for a new loan
  • Check your loan, including the last payment date
  • Request statements
  • Make a share withdrawal
  • Update your personal details.

Our web app runs on IOS (Apple), Android and Windows mobile devices. Here is how to register and bookmark the web app on your mobile device.

Registering to use the web app

  1. From your smartphone or tablet, simply tap “New app” on our website. (Clicking the same option on a PC – a desktop or laptop – will take you to our members’ area, which is better suited to larger screens).
  2. The first time you visit the web app, you will need to tap “Register”, which you’ll find at the bottom of the welcome screen.
  3. Complete the single-screen registration form and tap “Register” again.

Once your registration request has been approved (during our office hours), you’re all set up to use the new web app.

Making it easy to use

  1. Register to use.
  2. Bookmark our app to create an easy-to-use icon on your mobile device’s home screen (see the “How to” section below).
  3. When your registration has been approved, the first time you log on, you’ll need to enter your member number together with additional security information.
  4. If you select “Remember me” then, on subsequent logins you will only need to enter characters from the passcode you created at registration.

How to bookmark on IOS (Apple devices)

  1. On your device, tap this link – it will take you to our web app.
  2. At the bottom of the screen (for iPad, top left) tap the “share” icon
  3. Find and select the option, “Add to Home Screen”.
  4. When prompted, name the icon “Hertsavers CU”.
  5. In the future, to access our web app, find and tap the icon “Hertsavers CU” on your phone or iPad’s home screen.

How to bookmark on Android devices

  1. On your device, tap this link  – it will take you to our web app.
  2. Press the menu button on your phone and click on “Add bookmark.”
  3. When prompted, name the icon “Hertsavers CU” and save the bookmark in the Home folder.
  4. Tap and hold on the bookmark icon on the top right.
  5. Scroll down the list of bookmarks – press and hold “Hertsavers CU”.
  6. Select the option to “Add shortcut to home.”
  7. In the future, to access our web app, find and tap the icon “Hertsavers CU” on your phone’s home screen.

If you have any issues, please contact us.

 

Lace is now live

We are excited to announce that our new web app, Lace, is now live.

Lace will help members stay up-to-date with their account information and transfer funds on the go.

Members will be able to do the following:

  • Get their member account balances and details in real-time, 24/7
  • Apply online for a new loan
  • Check their loan, including the last payment date
  • Request statements
  • Make a share withdrawal
  • Update their personal details.

The app will be available on all mobile devices as well as desktops.

To learn how to register to use the web app and bookmarking the app on a mobile device, get the details here.

Why can’t this web app be found in the App or Play Store?

Our new web app is an example of a new generation of apps that is different from native apps, which are traditionally found on Apple’s App Store or Google’s Play Store.

We decided to provide a secure web app, which runs in your device’s browser. Simply bookmark it to add its icon to your smartphone desktop.

With this new web app, you will always be running the most up-to-date software so there won’t be any faff of updating or downloading the latest version.

Hertsavers Credit Union celebrates World Earth Day

World Earth Day is celebrated every year on 22 April. It’s a day dedicated to educating communities about the importance of protecting the environment for future generations.

At Hertsavers, we pledge to do our bit for the Earth by making adaptations that are more environmentally friendly.

Going paperless
We recently switched from asking our members to send their paperwork by post to requesting them to complete an online form through our new web app.

Online banking
We encourage members to sign up for online banking. This has dramatically reduced the amount of paper thus protecting our trees and the environment in the long term.

Affordable loans
We encourage people to make their home more energy-efficient and use alternative means of transport to reduce the carbon footprint. It’s never been easier to make these switches than by borrowing one of our affordable loans at fair rates. Such loans include the homeowner loan and transport loan.

We hope to continue making changes that are good for the Earth so watch this space.

Happy Earth Day!

Hertsavers Annual General Meeting 2021

We will be holding our next Annual General Meeting (AGM) on 25 March 2021 at 6.30 p.m. via Zoom.

The Agenda is below and the Minutes of the last AGM can be viewed here.

Agenda

1. Welcome
2. Apologies for absence and confirmation of quorum
3. Minutes and Matters Arising from the AGM on 28 March 2019
4. Board of Directors report
5. Auditors Report
6. Dividend Recommendation
7. Appointment of Auditor
8. Nomination of Directors and election to Board
9. Any Other Business

To get the meeting link, please email us and we will send it to you.


Nominations open for Directors at Hertsavers Credit Union

We are recruiting for Directors to join our board. All appointments to the Board will be approved by members at the 2021 AGM.

To apply, please email us at office@hertsavers.co.uk with the subject line “Board Director for Hertsavers Credit Union 2021”, with a cover note about why you would like to become a director and a CV with your background and experience.

We look forward to seeing you there.

Money mantras from mums to parents

As a parent, sometimes it’s difficult to get your family’s financial head above the water especially with the constant demands from children and with the rising costs of living.

For your mental wellbeing, here are some money mantras to fall back on, and which you can share with your children to prevent them from becoming anxious about money.

1. See the smaller details – that’s what matters

The cliche of seeing the bigger picture is easy to say than do especially if you are struggling to make ends meet.

Instead, think of the small, quick wins that will help you such as the small payments that you can make and the small areas that you can cut back on in your budget.

Sometimes seeing the smaller picture is more helpful.

2. I will control what I can

This mantra helps you to focus on areas that you can proactively manage and prioritise the more important things that need to be done. This is useful especially when you are budgeting.

For example, you can control how much you pay for your energy bills by shopping around for a good deal. However, you can’t control how much tax you need to pay so you can put aside a contingency fund incase your bills are higher than expected.

3. Think of the future first

It’s easy to procrastinate and say that you will do something tomorrow. However sometimes this doesn’t work as you may end up spending more on something due to high interest rates, for example.

If you can make a payment today, do it. Don’t opt for the “buy now pay later” deals. Always read the small print.

Also, don’t borrow from one credit card to pay off another.

Think of your choices. If you are struggling financially, you can always contact us and we can help you come up with a solution.

4. Let’s put it on the list

If there is something that you have been thinking of getting and you can’t afford it at the time, add it to your wishlist. When the time is right, review your wishlist and see if you still need it. Perhaps it was going to be an impulse purchase or you managed to get an alternative.

This would also apply if your child asks you to get something for them especially if it’s a trendy item. Instead of saying “No, I can’t afford that right now!” You can say “Let’s put it on the list and we can look at it at a later date.” They may forget that they had requested this and you may save up for something that they really need.

5. Let’s look for an alternative

Here are a couple of examples:

If you are on a budget and would like to do something with your children, ask them to help you make a decision “Why don’t you help dad and I come up with some fun and free activities that we can do together this weekend.”

Also, if a recipe calls for an ingredient that is pricey, look for an alternative when you go shopping.

We hope that the above money mantras help you with managing your money. If you ever need to talk to us if you are struggling financially or just need help with planning your finances, please do get in touch.