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The Police Credit Union is a member of the Financial Services Compensation Scheme. The Scheme guarantees to pay 100% of a maximum £85,000 should the Credit Union fail. Under the Distance Marketing Directive, you have the right to cancel your savings account within 14 days of opening without financial or other penalty.
It is possible to nominate a beneficiary to receive up to £5000 of savings, in the event of a member’s death. The nomination form is available from any branch or may be downloaded from this page. Please note that we at Police Credit Union are bound by the same anti-money laundering requirements as any other financial institution and we will need to verify you are who you say you are and where you live. Details of how we do this are shown in the leaflet.