Loans
At No1 CopperPot Credit Union, we are proud to offer a variety of loans to suit our members needs. Our Commutation Loan and Student Officer Loan are specifically tailored to suit the Police Force. The Student Officer Loan is designed to support officers when they are starting out in their career, whilst the Commutation Loan is intended to give long serving officers and opportunity to start their retirement plans early.
What our members have to say…
Borrowing from No1 CopperPot Credit Union
✓ Clear interest rates. We do not use representative APR. This means the rate you see is the rate you get, regardless of your credit score. You can easily compare our loan rates by clicking here.
✓ No early repayment fees. You can settle your loan in full, or make additional payments when you wish and we won’t charge you any fees for doing so.
✓ Applications are personally assessed by our Loans Officers. Our experienced Loans Officers assess your application based on your affordability, rather than just your credit score alone.
✓ Repay through payroll deduction. We have payroll deduction available in 28 police forces, meaning your loan repayment comes directly from your salary every month.
✓ Your loans are covered by Life Protection. Our loans come with Life Protection at no added cost. This means in the event of a members death, loans may be cleared up to the value of £40,000 (terms and conditions apply).
All loans are subject to affordability and our lending criteria.
Additional Borrowing
If you have an existing loan with us and want to borrow extra, there are two options available. Click here to see more information.
Need help?
If you are experiencing financial difficulty, or are struggling to repay your loan with us, please contact us as soon as possible and a member of our team will be able to assist you.