| answer text |
<p>Credit Union (CU) facilities for members of the Armed Forces have been in place
since 15 November 2015 and for veterans in receipt of an Armed Forces pension since
March 2016.</p><p> </p><p>Following the introduction of the provision, the three Credit
Unions, PlaneSaver CU, Police CU (trading as Serve & Protect) and London Mutual
CU, met their first year target of 1,000 new members. At the end of the second year,
the Credit Unions have reported that the number of Service personnel taking up the
offer has grown to over 3,000.</p><p> </p><p>A number of new initiatives to advertise
the availability of Credit Unions have been undertaken this year, including messages
on payslips and having a Credit Union representative take an active role in the British
Forces Broadcasting Service ‘Money Week’ initiative.</p>
|
 |
