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Payroll Services for Banks & Credit Unions
Why Banks & Credit Unions Rely on PayFWDs for Payroll, Time & HRIS
Your members and clients trust you with their financial well-being. That same level of trust and accuracy should carry through to your payroll. PayFWDs partners with banks and credit unions to deliver secure, compliant, and efficient payroll services that support both your institution and the businesses you serve.
Built for Financial Services Nuances
Supports tiered pay grades, incentive compensation, bonus processing, commission splits, and deferred pay calculations
Handles multiple pay cycles, off-cycle adjustments, accruals, and retroactive changes reliably
Manages branch-level staffing, remote work, field operations, and shared services across multiple locations
Scalability & Performance Across Branch Networks
Capable of managing hundreds to thousands of employees, with load balancing across branches
Designed to support multi-state operations, remote and hybrid setups, and branch-to-headquarters data flows
High availability, fast processing during peak cycles, and robust data integrity
Employee Experience & Engagement in Finance
Mobile apps and branch kiosk terminals for clock-in/out, shift swaps, leave submission
Transparent pay statements showing incentives, bonus breakdowns, deductions, etc.
Integrated HR features: training records, certification compliance, performance reviews, succession planning
Seamless End-to-End Integration
One unified platform connecting time & attendance → payroll → HRIS / personnel—no need for redundant data entry or system handoffs
Real-time synchronization ensures data consistency across modules
Self-service portals for staff and managers: view schedules, request leave, update personal data, see pay statements
Insight & Analytics for Strategic Decisions
Dashboards tracking labor cost per branch, overtime trends, vacancy rates, utilization, and staffing variances
Drill-down ability: from enterprise level to branch, team, role, or individual
Forecasting and scenario modeling (e.g. staffing needs, branch expansions, budget impacts)
Compliance, Security & Auditability
Inherent support for banking regulations, FLSA, state & local labor laws, and financial industry compliance
Full audit trails, version histories, and strong access controls to satisfy internal audits, regulators, and examiners
Automated validations and exception detection to catch anomalies before payroll closes
Implementation & Domain Expertise in Financial Services
Onboarding with consultants familiar with bank/credit union staffing, compliance, and reporting needs
Prebuilt templates and workflows for branch time clocks, teller staffing, remote/field roles
Dedicated account support, change management, and rapid escalation paths
“We’ve used PayFWDs for several years and have always found their service to be top-notch, understanding our business and the importance of the payroll function. They are an incredibly easy partner to work with, offering solutions that meet all our needs, providing prompt support, and exceeding our expectations with their customizable, user-friendly software.”
— Heather Walter | CEO, Advanz Credit Union
Partner with PayFWDs
Grow Your Offerings. Empower Your Clients.
PayFWDs helps banks and credit unions expand their value to business customers through modern, easy-to-use payroll solutions. Our team handles implementation and client training, giving you a trusted partner who enhances your service and helps your clients thrive.
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We handle payroll tax filings at the federal, state, and local levels while providing audit-ready documentation. Our team also monitors regulatory changes to keep your institution ahead of compliance requirements.
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Yes. We support payroll for employees across multiple entities or locations, ensuring consistency, compliance, and accurate reporting.
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Unlike call-center-driven providers, PayFWDs offers hands-on support from a dedicated consultant who understands the unique needs of financial institutions. You’ll get enterprise-level technology paired with relationship-focused service.