Military CU | Savings & Loans

Here to help you save, there when you need to borrow - with repayments straight from your military pay.
Treating our members as individuals, rather than just a credit score.
Proud to serve over 33,000 members including Service Personnel and their families.
Improving the financial resilience for those who serve and protect.

Savings

We are here to help members of the Armed Forces prepare for their financial future, helping them to save, but also being there if they need to borrow throughout their career.

Service Personnel, Reservists, MOD Civil Servants and their family members can save into an easy access, online account, with repayments straight from their salary.

Join over 33,000 members and start saving today
Save straight from your salary or via direct debit if payroll deduction is not available
Minimum savings £10 per month – change your deduction at any time
Deposit lump sums
Withdraw your money at any time*
Manage your account and make withdrawals online
Receive a return on your savings in the form of annual dividend (1% paid in Financial Year 2018-19)
Life Insurance† (at no extra cost), doubles your savings balance up to a member maximum of £25,000
Close your account at anytime
Member of the Financial Services Compensation Scheme protecting your savings up to a maximum of £85,000

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Loans

Service Personnel often struggle to access financial products, at fair and reasonable rates – so we provide affordable loans which can be repaid straight from your military pay.

As not-for-profit financial cooperative, we are owned by and run for our members.

We believe in fair and reasonable rates for all, treating our members as an individual rather than just a credit score – offering an ethical alternative to other financial providers.

Quick and easy application
Loans of up to £25,000
Complete confidentiality
No early repayment penalties or hidden fees
Lending decisions based on personal circumstances and not just your credit score
Fixed APR for the duration of the term
Not-for-profit organisation
Life Insurance† (at no extra cost), clears your loan up to a member maximum of £25,000
Repayments via payroll deduction where the facility exists, otherwise via Direct Debit.

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About us

Military CU is a free employee benefit available to Service Personnel, Reservists, MOD Civil Servants and their family members.

Supported by the Ministry of Defence, we are passionate about improving the financial resilience of our members, helping them to save but also there if they need to borrow throughout their career with repayments straight from your military pay.

With over 33,000 members, we recognise the important role our members play within society and the day-to-day challenges faced protecting our nation.

In order to play our part, we help our members prepare for their financial future – so they are ready to respond to any financial challenges they may face throughout their career.

We pride ourselves on being a responsible lender they turn to in times of financial need – meaning they can remain focussed on protecting the nation, to the very best of their ability.

Every transaction matters.

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Our Payroll Partners

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What our members say…

Awards and Accreditations

Improving the financial resilience for those who serve & protect

Military CU is part of the Serve and Protect family and a trading name of Police Credit Union Ltd. Police Credit Union Ltd. is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority & the Prudential Regulation Authority (Registered No 213306)

Police Credit Union Ltd. is a member of the Financial Services Compensation Scheme. This means a members savings are covered by the FSCS Depositor guarantee scheme up to the value of £85,000. Under the Distance Marketing Directive, you have the right to cancel your savings account within 14 days of opening without financial or other penalty.

Here to help you save, there when you need to borrow - with repayments straight from your military pay.

Treating our members as individuals, rather than just a credit score.

Proud to serve over 33,000 members including Service Personnel and their families.

Improving the financial resilience for those who serve and protect.

Savings

Loans

About us

Savings

Loans

About us

Our Payroll Partners

What our members say…

Awards and Accreditations

Improving the financial resilience for those who serve & protect