Plane Saver Credit Union has increased its membership to 15,000, after witnessing record membership growth in 2019 across its payroll partners.
In May the credit union launched First Defence Finance, a new brand targeting armed forces personnel, veterans and their families. Plane Saver is one of the UK’s three credit unions that offer affordable loans to the armed forces and its veterans. It provides flexible savings and ethical loans for the Armed Forces, as well as employees of airlines. Members are also able to pay off high-interest rate payday loans by taking a Payday Payoff loan from the credit union.
As a member of the Joining Forces partnership, a Ministry of Defence initiative, the credit union works to address concerns about rising levels of debt among armed forces personnel.
Over the last couple of months, the credit union has witnessed a sharp rise in members within the Armed Forces community after launching First Defence Finance.
Valerie Walwyn-Tait, Plane Saver Credit Union’s chief executive who is also a veteran said: “We would like to thank all of our members for putting their trust in the credit union as their financial services provider of choice. My team and I are very proud of this latest milestone in our rich history.
“We will continue our commitment, to provide our members with an excellent service that helps to improve their lives and that of their families.”