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Hinckley & Rugby Building Society shares cost-of-living payment with staff

Hinckley & Rugby Building Society has awarded its staff with a one-off payment of nearly £700 as part of a package of support during the cost-of-living crisis.

Close to 150 staff, from across its head office and branch network in Leicestershire and Warwickshire, excluding its executive committee members and Board members, will receive the figure with their August salaries.

Colin Fyfe, Chief Executive at Hinckley & Rugby Building Society said,

“Our purpose is, and always will be, to support the financial security of our members. This is only possible by ensuring that our staff are supported to provide the high standards of service which benefit our members. And, as inflation continues to rise, we recognise that our staff too are feeling the pinch and may be anticipating difficulty over the next few months and beyond. Knowing the clear link between financial pressures and poor mental health, we believe that this payment, in addition to other measures we have introduced, will provide some welcome support.”

Earlier this year, the Society also launched a grant scheme offering staff in particular need of financial help the opportunity to apply for up to £1,000 of non-repayable assistance.

Hinckley & Rugby Building Society cost-of-living support for members:

As a responsible lender, the Society takes a proactive approach to its duty to support its members who are experiencing financial difficulty.

The Mortgage Support Team, operated by dedicated specialists, is available from 9am-5pm on weekdays on 01455 894 036.

The Society’s Mortgage Support Promise can be found on our website, as well as sources of free and independent financial advice. It provides clarity and reassurance to those who need it most at this time and incorporates the latest guidance from the FCA.

Additionally, the Society works in partnership with StepChange and you can find more advice about the first steps to take in managing debt on our website.