90 days from today is Thu, 20 January 2022
6 November 2020
Police officers will understandably be focused on supporting the public through the Covid-19 crisis. But you may also face personal difficulties around reduced household income or childcare, and the resources below are here to help.
At Police Mutual we have been considering the increasing concern surrounding coronavirus and we want to assure you that Police Mutual is committed to maintaining the service we provide to you, our members and customers.
We have put contingencies in place to help us to ensure that we remain open for business as the situation evolves.
Remember, you can access our website where you can view our product range, get a quote and choose to buy your cover for many products. The site is fully optimised for use on mobile devices.
For more information about our products and services and our response to the Coronavirus pandemic visit our website www.policemutual.co.uk
Serve and Protect (incorporating Police Credit Union)
Here are five ways you can manage your finances during the coronavirus pandemic.
No1 CopperPot Credit Union are a not-for-profit organisation, offering savings, loans and mortgages to the Police Family.
We encourage members to save small amounts on a monthly basis via payroll deduction. The idea is that if an unexpected bill arises or you find yourself short of cash, you can withdraw your savings, rather than relying on a loan or credit card and having to pay interest. Your savings are safe and available for withdrawal at no cost. Our deposits are not linked to stock market performance, so your savings will not be affected by current events.
A reminder to our current members: Your savings are easily accessible and you can make a withdrawal either via our website or over the phone.
We offer clear and fair loans for a range of purposes and help thousands of members of the Police Family every year. Each loan application is personally assessed, and we base decisions on affordability, not just your credit score.
Coronavirus could mean you’ll soon need to start living on less money than you’re used to. Especially if you or a family member starts to rely on Statutory Sick Pay (SSP) or are completely unable to work.
Financial help steps you can take right now:
PayPlan advisers offer free and confidential Financial Conduct Authority regulated support, advising on a range of debt-free solutions that are tailored to each individual’s circumstances. Call 0800 009 4146 or get debt advice or visit the PayPlan website.
Police CU is a free employee benefit which is here to help our members save, but also there if they need to borrow throughout their career. We are passionate about improving the financial resilience of those who serve and protect the nation – with over 33,000 members including Police Officers, Staff, Retirees and their family members.
We help our members prepare for the future, through a range of flexible saving accounts with repayments straight from their pay. To join the Credit Union every member must save a minimum of £10 per month into a Regular Saver. It is completely free to join and members can change the amount they save at any time
As a not-for-profit financial cooperative, we are owned by and run for our members. This means that at the end of the financial year, members receive a return on their savings in the form of an annual dividend. In the last financial year (2019-20) 1% was paid on our Regular Savings account.
Police CU is also there to help its members if they ever need a loan – providing access to an ethical form of affordable credit, with loan repayments straight from their pay.
Fixed Term Loans are available to Police CU members looking to borrow between £500 and £25,000, payable over a repayment period of between 6 and 96 months. These are ideal for car purchases, home improvements, holidays and consolidating existing debt.
Join today for free.