The SPCU Advantage

In a world where borrowing money can be as simple as swiping on a smartphone or device, the lure of quick online loans and credit is easy to understand. However, not all lenders are created equal, fortunately for those involved or who have been involved in policing in Scotland, they have access to the Scottish Police Credit Union (SPCU).

Why is SPCU not just like another lender? We are a community focused lender that understands your work and lifestyle. It was built by police officers to be ethical, supportive and serve the policing family in Scotland rather than being motivated by profit and the demands of shareholders.

SPCU Loans aren’t fuelling someone else’s profit or bottom line, they are designed to support someone else within the Scottish policing community. We understand the demands, challenges and dangers of policing, that’s why we include life and sickness absence protection (payment waiver) in all our loan products.

Our loans can be repaid from the salary of a serving member of the police, or a monthly direct debit from a retired member and their family.

Salary deduction means loan repayments are automatic, there are no missed payments or need to think about due dates. As repayments are deducted at source, the bottom line pay you receive is yours, making it easier to budget and manage your finances.

Our loan decisions are made quickly by people who are focused on suitability and affordability rather than a credit score or algorithm. The rate we advertise on products is the one that you’ll receive, if approved, rather than the one you may receive when applying to a provider who uses representative rates. Our lending decisions can be made quickly and the funds transferred to you in a few hours. There are no set up or additional fees, you can make additional payments or clear the loan early without any penalties.  You manage your loan your way; by phoning us or via an online device.

Applications can be made anytime via our APP or website.