Notification of Pay Date change – Leeds City Council Payroll Scheme Members
Leeds Credit Union has been advised by Leeds City Council that the pay date for employees is changing from the 16th of the month to the 26th of the month.
This change will impact Leeds City Council payroll members only from February 2025, when members’ deductions will be paid across on or just before the 26th of the month.
Existing arrangements will be in place until that date. Please note this may differ from the date you get paid by Leeds City Council. What does this mean for Payroll Scheme members?
We are pleased to confirm that Leeds Credit Union will cover the additional interest charges so members will not incur further fees (this may be seen as a credit to your loan account after the changes have been made and applied only if the loan repayment is paid).
Payment amounts will not change. If you are happy for Leeds Credit Union to change the date of the loan repayment to align with the new LCC payroll dates, you do not need to contact us, we will make this change for you. If you have any questions or concerns regarding these changes please email us at services@leedscreditunion.co.uk or call us on 0113 242 3343. If you do not want Leeds Credit Union to change your loan repayment date you have the option to opt out of the payroll scheme.
If you opt out of the payroll scheme you will have to make alternative arrangements to pay the loan.
Please note: If you opt out – You may be charged additional interest and the APR for the loan may increase. Please email us at creditcontrol@leedscreditunion.co.uk quoting your membership number.
You need to contact us by November 30th 2024 if you wish to opt out. Please note, you do not need to contact us if you are happy with these changes. We will align your savings deposits and your loan repayments to the new pay date. Members will not incur any additional charges. These changes will come into effect from February 2025.