Link to: Savings
Savings
We help members of the Armed Forces prepare for the future by offering flexible saving accounts with repayments straight from their military pay.
- Start saving today for FREE
- Minimum savings £10 per month – change your deduction at any time
- Your deduction will be shown on your JPA pay slip.
- Withdraw your money or close your account at any time
- Manage your account and make withdrawals online
- Receive a return on your savings in the form of annual dividend (1% paid in Financial Year 2017-18)
- Life Insurance† (at no extra cost), doubles your savings balance up to a member maximum of £25,000
- Member of the Financial Services Compensation Scheme protecting your savings up to a maximum of £85,000
Link to: Loans
Loans
Service Personnel often struggle to access financial products, at fair and reasonable rates – so we provide affordable loans which can be repaid straight from your military pay.
We treat members as individuals rather than just a credit score, offering a truly ethical alternative.
- Quick and easy application
- Loans of up to £25,000
- Complete confidentiality
- Not-for-profit organisation
- Lending decisions based on personal circumstances and not just your credit score
- No early repayment penalties
- No arrangement fees
- Life Insurance† (at no extra cost), clears your loan up to a member maximum of £25,000
Link to: About
About us
Supported by the Ministry of Defence, Military CU is a free employee benefit which aims to improve the financial resilience of Service Personnel.
We encourage Service Personnel to prepare for the future by helping them to save, with flexible payments straight from their pay, helping them to budget and providing a buffer for any unexpected costs.
We are also there to help our members if they ever need a loan – providing an ethical alternative to other financial providers, with loan repayments straight from their military pay.
Military CU is part of the Police Credit Union which currently serves over 28,000 members within the Police, Prison Service and Armed Forces.
Improving the financial resilience for those who serve & protect
Military CU is a trading name of Police Credit Union Ltd. Police Credit Union Ltd. is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority & the Prudential Regulation Authority (Registered No 213306)
Police Credit Union Ltd. is a member of the Financial Services Compensation Scheme. This means a members savings are covered by the FSCS Depositor guarantee scheme up to the value of £85,000. Under the Distance Marketing Directive, you have the right to cancel your savings account within 14 days of opening without financial or other penalty.
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