Proud to serve over 30,000 members

Owned by and run for our members.

Passionate about improving the financial resilience of those who serve and protect.

What is a Credit Union?

A Credit Union is a ‘not for profit’ financial institution owned and controlled by its members. They have a ‘field of membership’ which is based on either where you live or work – this determines who can become a member.

About Police CU

Police Credit Union 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.

The free employee benefit aims to improve the financial resilience of our members, helping them to save straight from their pay. We are also there to help if our members ever need a loan – providing an ethical alternative to other financial providers.

We now also serve the wider protective services, including Prison Officers, Probation Officers and members of the Armed Forces.

With over 30,000 members across the Police, Prison Service and Armed Forces, we operate from regional branches covering the protective services in England and Wales.

For more information on Police Credit Union, please contact us.

Police Credit Union operates under the terms of the Co-operatives and Community Benefit Act Societies 2014 and the Credit Union Act 1979. 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.

A Wealth of Benefits

The aims of a credit union are to:

Promote the financial wellbeing of members by helping them to build up their savings
Create sources of credit for the benefit of the members of the union at a fair and reasonable rate of interest
Manage members’ savings and invest them wisely for their benefit
Offer members guidance on the wise use of money and managing of their financial affairs

We offer simple, secure financial services to meet the needs of those who serve and protect. Our easy access regular savings accounts pay a return in the form of an annual dividend. Savings are made directly from pay where available and by Direct Debit in others.

Police Credit Union offers life cover too, at no extra cost.

Rulebook

Please click here for a copy of our full Rulebook.

Forces with payroll deduction

Avon & Somerset / Bedfordshire / British Transport Police / Cambridgeshire / City of London / Cleveland / Devon & Cornwall / Dorset / Essex / Gloucestershire / Hampshire / Hertfordshire / Kent / Merseyside / Metropolitan / NCA / Northamptonshire / Northumbria / Staffordshire / Suffolk / Surrey / Sussex / Thames Valley / Warwickshire / West Mercia / West Midlands / West Yorkshire / POA (Eligible Payroll) / NAPO / MOD

The facts. It figures.

Credit Unions aim to pay a return on savings in the form of an annual dividend. Members save in order to allow fellow members to borrow, in return for a fair rate of interest charged.

By law, a credit union cannot currently charge more than an APR of 42.6%, but again the rate we charge is generally far less than this.

Loans are subject to status, conditions and credit checks to members aged 18 or over. Written details are available upon request.

There are over 50,000 credit unions around the world, enabling over 196 million members to access affordable financial services. For more information about the credit union movement, please visit the website of the Association of British Credit Unions Limited (ABCUL).

Improving the financial resilience for those who serve & protect

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.