Opening a Member Account starts your membership with the Credit Union. It allows you to apply for products to save or borrow from us – and what makes it even better is that you can start applying straight away! Why not join the biggest Police credit union in the UK today? 

Each member is required to save a minimum of £5 per month. Your savings remain yours, for you to withdraw at any time. If you’re a big saver, you can save up to a maximum of £1,000 per month with us (across all accounts). You can save this amount through either payroll deduction or Direct Debit, and you’re free to change the amount you save monthly at anytime. The flexibility of this account gets you into the routine of saving each month, and allows you to fall back on your savings, should you ever need to.

On a mobile device? Download our App and join today!


Key Product Information 

What is the dividend rate?

The dividend rate is agreed at the Annual General Meeting (AGM) following the end of each financial year (30th September). The dividend is calculated daily and paid once a year, the following working day after the AGM. Dividend payments are not guaranteed. Past year’s dividend rates can be found here.

The Personal Savings Allowance means you can earn £2,000 from dividend payments without paying tax on it. Our dividend is paid gross, but is not tax free and therefore should be declared on your tax return if necessary.

How do I open a Member Account?

A Member Account can be opened online or by completing a paper-based application form.

How do I manage my account?

To keep your membership active, a minimum of £5 savings per month must be deposited into this account. We have the discretion to terminate your membership if regular payments into the account are not maintained.

Each adult member can hold a maximum of £40,000 savings across all of our accounts.  

Can I withdraw my savings?

You can withdraw your savings through your online account, by emailing us, calling us or writing to us. Withdrawals are sent via Faster Payment, which means the funds will be in your bank account instantly.*

Withdrawals and closure are available without notice, however, this will affect your dividend payment.

*Faster Payments can take up to two hours.

The general terms and conditions of membership with the Credit Union can be found here.


You’re covered with Life Protection

Life Protection is included with all our savings accounts and covers you up to the age of 65. This does not cost you anything, it is simply another benefit of saving with the Credit Union.

Your savings are protected up to a maximum of £40,000 per member. This means your savings could be doubled in the event of death, subject to our terms and conditions. It is also included with our borrowing products and covers you up to the age of 70. It protects up to a maximum borrowing of £40,000 per member, this means that your loan could be cleared, ensuring that your debt does not remain outstanding, subject to terms and conditions.

All benefits are paid at the discretion of our Board of Directors. Life protection is not an insurance policy and is not guaranteed. For more information please click here.


Eligible deposits with us are protected by the FSCS

Your eligible deposits with No1 CopperPot Credit Union are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme. For further information about the compensation provided by the FSCS, refer to the FSCS website at www.fscs.org.uk.

We are also covered by the Financial Ombudsman Service (FOS).