Proof of identity

Satisfactory proof of identity will include, but not be limited to, the following: HM Forces ID Card or photocopy verified by an officer of senior status, Full Passport, Photographic Driving Licence (can also be used as proof of residency with another form of proof of identity), Notice of Tax Coding (current year), Child Benefit Book or Pension Book

Proof of address

Satisfactory proof of address will include, but not be limited to, the following: Utility Bill e.g. Gas, Electricity, Water or Telephone bills (but not mobile), Bank, Building Society or Credit Card statement, Mortgage statement, Council Tax demand

Please note – Copies of the above documentation are accepted.

It’s good to be a member

• Serve and Protect is a trading name of the Police Credit Union which has been chosen by the MoD to provide financial services to the Armed Forces
• Membership is open to members of the Armed Forces and Armed Forces staff, Veterans in receipt of a pension or any family member living in the main member’s household
• Opening a Rewarder account gives you Police Credit Union membership
• Membership entitles you to open other PCU accounts and apply for a PCU loan, if you’re aged 18 or over*
• Life Insurance† (at no extra cost), doubles your savings balance (up to a member maximum of £25,000) and settles any outstanding loan balance in the event of a claim

Open an account and we’ll soon be your rewarder

• You can open a Rewarder regular savings account with an initial sum of as little as £10 and then save at least £10 per month
• Additional lump sums can be paid in by (cheque payable to ‘Police Credit Union Ltd’) or via debit card  when you visit a PCU branch. Temporary restrictions on lump sums may apply from time to time.
• You can increase or decrease savings (subject to a minimum savings of £10 a month) in writing by post, telephone, fax or email, or by calling into a PCU branch
• Member of the Financial Services Compensation Scheme protecting your savings up to a maximum of £85,000.

Annual dividend

• An annual dividend is paid gross, directly into members’ accounts after the AGM. We make it our business to keep your dividend competitive
• Since no tax is deducted, it is your responsibility to disclose the dividend to the HMRC‡
• PCU is closely regulated and prudently managed to ensure your savings are very secure

Withdrawals, no penalty

• You can withdraw funds (without penalty) by post, fax, email, phone or by calling into a PCU branch
• We try to process your request the same day and can post the cheque to your home, payable to you or any third party
• Alternatively, we can transfer the money electronically into a bank account in your name (this may take three working days) and post you confirmation