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Savings & Loans for the Armed Forces made simple.

Repayments straight from your Armed Forces pay.
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.

First Defence Finance

We are part of Plane Saver CU and currently serve over 26,000 members.
With Veterans leading our Credit Union, we have a unique insight into the financial needs of the military community.

Start your journey to financial freedom and get access to exclusive discounts, savings accounts, low-cost loans, a members Lottery and much more!

Looking for a loan at fair rates, a safe home for your savings or a new current account? Look no further - Forces Finance takes payments directly from your salary to make saving or repaying your loan easy and stress-free.

Rated 4.7/5 'Excellent' on TrustPilot

Join easily and securely online at forcesfinance.org.uk

Forces Finance is part of London Mutual Credit Union

Serve and Protect Credit Union

Ready to kickstart your savings? Receive £10 from Serve and Protect when you use the code PROMO10JF.

Whether you're saving for the future or borrowing for today, we make it easy with deductions straight from your pay.

So, don't delay, it's time to join the largest military credit union in the UK!

We can't wait to welcome you!

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

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.

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 £85,000 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 £85,000 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.