Proud to serve over 32,000 members
Owned by and run for our members.
A Credit Union is a ‘not for profit’ financial institution owned and controlled by its members. They have a ‘field of membership’ which is based on either where you live or work – this determines who can become a member.
Prison CU is part of the Serve and Protect family and a trading name of Police Credit Union, which was originally set up by the police, for serving and retired police officers/police staff and members of their family.
Following support from the Prison Officer Association in 2013, we began to offer our Credit Union Service to the Prison Service and the Probation Service, enabling Prison Officers and Probation Officers to save and borrow with repayments straight from their pay.
The free employee benefit aims to improve the financial resilience of our members, helping them to save straight from their pay. We are also there to help our members if they ever need a loan – providing an ethical alternative to other financial providers.
With over 32,000 members across the Prison Service, Police and Armed Forces, we operate from regional branches covering the protective services in England and Wales.
For more information on Prison CU, please contact us.
Police Credit Union operates under the terms of the Co-operatives and Community Benefit Act Societies 2014 and the Credit Union Act 1979. It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and The Prudential Regulation Authority, the same bodies that cover banks and building societies.
The aims of a credit union are to:
We offer simple, secure financial services to meet the needs of those who serve and protect. Our easy access regular savings accounts pay a return in the form of an annual dividend. Savings are made directly from pay where available and by Direct Debit in others.
We also offer life insurance, at no extra cost.
Please click here for a copy of our full Rulebook.