90 days from today is Fri, 28 April 2023

Wiltshire Police Federation

Financial Advice



Free Motgage Advise Flyer 2021



Police CU

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 34,000 members including Police Officers, Staff, Retirees and their family members.

Here to help you save, there if you need to borrow.

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) 1.2% 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.

Key Benefits

  • 1.2% Savings Return Paid (Financial Year 2019-20)
  • Save monthly straight from your pay, or deposit lump sums.
  • Loans of up to £25,000
  • Repayments straight from your pay
  • Life Cover on savings and loans at no extra cost
  • No early repayment penalties or hidden fees
  • Not-for-profit organisation ‘owned by and run for our members’

Join today for free.

For more information and to become a member of Police CU, visit: www.policecu.co.uk



What to do if you’re worried about your finances

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), have had your hours reduced or are completely unable to work.

Financial help steps you can take right now:

  1. Look at your budget - Your priority is to make sure that you have enough money to meet your basic needs. To do this, work out how much money you need to live on a day to day basis. You can do this by downloading and completing our handy budget sheet.
  2. Prioritise your payments – Priority debts should be dealt with before your non-priority debts. Make sure you understand the difference and act accordingly.
  3. Speak to your bank, lender or credit provider if you think you’ll miss payments – If you contact a creditor to explain that you’re in financial difficulties, and you’re seeking help from a debt advice organisation, most companies will give you at least 30 - 60 days breathing space.
  4. Get debt help as early as possible – If you are worried about your money or concerned that you will or have fallen into arrears then it’s always better to seek advice sooner rather than later. PayPlan offers free and confidential debt help for police officers, police staff and their families. Request a call back or go through their digital journey via: payplan.com/police-federations

Free debt advice with PayPlan

PayPlan is one of the UK’s most trusted free debt advice providers and is recommended by the Money Advice Service. Its expert 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 online at: www.payplan.com/police-federations

Debt Advice Guide