The Police Credit Union
Owned by investing members. No shareholders to pay.
Each credit union has a ‘common bond’ based on living or working links or membership of an association – which determines who can become a member.
The Police CU was set up by the police, for the whole of the police family – serving and retired police officers/police staff and members of their households. It now serves the wider protective services including prison officers, probation officers and members of the armed forces.
With over 25,000 members, we operate from regional branch offices mainly covering England and Wales. For more information on Police Credit Union branch offices, please contact us.
Police CU operates under the terms of the Co-operatives and Community Benefit Act 2014. It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and The Prudential Regulation Authority, the same bodies that cover banks and building societies.
The aims of a credit union are to:
Simple, secure financial services to meet police and protective services employees’ needs, PCU offers simple, easy access regular savings facilities with an annual dividend. Savings are made directly from pay where available and by direct debit in others. There is also a Cash ISA for tax free saving.
Forces with payroll deduction
Avon & Somerset / Bedfordshire / Cambridgeshire / City of London / Cleveland / Devon & Cornwall / Dorset / Essex / Gloucestershire / Hampshire / Hertfordshire / Kent / Merseyside / Metropolitan / Northamptonshire / Northumbria / SOCA / Staffordshire / Suffolk / Sussex / Thames Valley / Warwickshire / West Mercia / West Midlands / West Yorkshire / POA (Eligible Payroll) / NAPO / MOD
We also offer our saving members the option of fixed term unsecured loans for any purpose up to £25,000, a “top-up” credit facility up to £12,000 and an alternative to overdrafts (from £500 to £5,000).
There are no arrangement fees or early settlement charges.
And, there’s life cover too, at no extra cost, for adults up to the age of 65, to repay loans up to £25,000 or double savings to a maximum of £25,000 in the event of a claim. For full Ts & Cs contact your local branch.
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