Savings & Loans
for the Armed Forces
made simple.

Payments straight from your Armed Forces pay.

Sign up today for Free
Click to find out more about Credit Unions
The financial not-for-profit alternative.

To learn more or request a workplace visit from one of our team contact: info@joiningforcescu.co.uk

The Ministry of Defence is supporting three of the UK’s leading credit unions to join forces and make saving simple and loans more affordable to the Armed Forces and its Veterans. The money is deducted straight from your pay or pension so you don’t have to think about it.

Plane Saver was founded in 1993 and now serves over 10,000 members. Having lent over £100million to date our team strives to improve the financial well-being of the people we serve.

Services & Benefits
  • Savings and Loans straight from your MoD pay.
  • Same day loan decision.
  • Loans of up to £25,000 from as little as 4.5% APR
  • Help-to-buy Loans
  • 2% paid on Regular Savings Account (2014/15)

Serve & Protect is a trading name of the Police Credit Union, a mutual not-for-profit alternative to a bank that provides financial welfare to over 26,000 members nationwide.

Services & Benefits
  • Savings and loans straight from your pay
  • Borrow as soon as you are ready with sensible loans from £250 - £25,000
  • Secure online access with member account management
  • No hidden charges or penalties
  • Life cover on savings and loans up to £50,000 at no extra cost*

London Mutual CU has been offering safe savings and ethical and affordable loans to more than 27,000 members for 34 years. Check below to see what we can offer you.

Services & Benefits
  • Flexible, safe savings directly from salary
  • Instant payday loans- pay over 1,2 or 3 months
  • Loans up to £15,000- repay loan directly from salary
  • Online, SMS and Mobile banking- download the LMCU App
  • Straightforward Current Account

What is a Credit Union?

Credit Unions are “not for profit” financial cooperatives, owned by, and run for, their members, based on the ideal of “people helping people”. So, for rewarding savings and affordable loans, contact one of us to find out more.

Click to find out more about Credit Unions

Not only are credit unions committed to giving you a really good return on savings, your money is also safe. The government-backed Financial Services Compensation Scheme guarantees to repay deposits up to a maximum of £75,000 in the unlikely event of your Credit Union ‘going bust’.


Credit unions are also fully regulated by the Prudential Regulation Authority and the Financial Conduct Authority, both of which make sure credit unions are well run and can keep going for their members.


The ethical alternative to other financial providers

Owned and run by their members, credit unions are not-for-profit financial cooperatives, providing a range of savings and loan products to their members.

Simple savings, sensible loans
Credit unions offer a range of easy-to-understand savings accounts and a variety of loans for their members.

All members of a credit union are required to save, with this money then lent to other members who may need to borrow through a choice of loan products designed to meet different needs-whether paying off expensive existing loans, paying for a holiday or buying a car.

Usually, credit unions charge much less interest on loans than many other lenders like banks or ‘payday loan’ providers and often have additional benefits such as no early repayment penalties, no hidden fees, no set up costs, life cover and much more.

Financial return on savings
As credit unions are not-for-profit, members get the benefit of sharing any of the financial surplus generated-meaning the money made from the interest charged on loans to members goes towards a dividend paid on members’savings.

Owned and run by their members
Credit unions are owned and run by their members, meaning there are no third party shareholders to pay from funds or money raised. So, money made can be used to reward their members or improve service to members.

Who can join?
Not everyone can join a credit union. It depends on who you work for or where you live.

Most credit unions welcome family members who must be living at the same address as the main member.

There are over 500 Credit Unions in the UK with over a million members, with this number increasing every day.

You’re in safe hands
Not only are credit unions committed to giving you a really good return on savings, your money is also safe. The government-backed Financial Services Compensation Scheme guarantees to repay deposits up to a maximum of £75,000 in the unlikely event of your Credit Union ‘going bust’.

Credit unions are also fully regulated by the Prudential Regulation Authority and the Financial Conduct Authority, both of which make sure credit unions are well run and can keep going for their members.