90 days from today is Tue, 02 March 2021
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.
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:
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