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called for the creation of a credit union aimed at military families. As members of the armed forces were already eligible to join, it was reported that Plane Saver was ready to assist in the creation of a military credit union, providing there could be payroll deduction. Two other credit unions also
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Plane Saver Credit Union was first UK adopter of payment waiver in 2014. Under the scheme, if a borrower cannot work due to sickness or unemployment, payments are immediately waived. The credit union is authorised by the
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won the contract, to give armed forces personnel a choice of provider. The three credit unions formed what became known as
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Limited, Plane Saver has over 11,500 members, over £45 million in assets, and have lent more than £100 million to date.
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and the PRA. Ultimately, like the banks and building societies, members’ savings are protected against
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from its foundation in 1993, until 1997, when it widened its scope to include employees of UK-based
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Association of
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Financial
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Minister of State for
Defence Personnel, Welfare and Veterans
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The Barn, Manor Lane, Harlington, Hayes, Middlesex UB3 5EQ
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The members of a credit union are required to share a
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Waiver helps UK credit unions take on payday lenders
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36:Industrial and Provident Society
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603:Banks established in 1993
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123:In a move backed by the
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68:Plane Saver Credit Union
19:Plane Saver Credit Union
523:District of Canterbury
191:3 January 2015 at the
140:and regulated by the
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129:Co-operative Party
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118:common bond
592:Categories
492:retailCURe
479:Penny Post
425:Industrial
415:White Rose
402:Thamesbank
367:Leeds City
173:References
112:Activities
86:See also:
516:Dissolved
507:TCU Money
444:1st Class
357:The Co-op
345:Community
352:Commsave
205:About us
189:Archived
156:See also
42:Location
217:Join us
148:by the
82:History
56:Website
24:Founded
449:Unity
578:(NI)
572:(NI)
566:(GB)
502:SCVO
454:NFRN
92:The
32:Type
27:1993
497:RMT
474:PCS
464:NHS
102:CAA
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316:v
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