Our Services
Joining Forces Finance gives you access to exclusive savings and loans products, designed around armed forces life.
Affordable Loans
Borrow at exclusive member rates from just 4.5% APR, with no penalties for early repayment or hidden fees.
Salary Savings
Build for the future with regular savings deducted directly from your UK armed forces pay.
Mortgages
Buy your first home or remortgage with friendly, personalised advisors and the option of Forces Help to Buy.
Guidance
From information guides and budgeting tools, we can help you stay on top of your money.
About us
Forces Finance is a partnership between London Mutual Credit Union and the Ministry of Defence.
London Mutual Credit Union
London Mutual Credit Union is one of the UK’s leading credit unions. Established in 1982, we have over 33,000 members across the NHS, Local Government and Armed Forces.
Regulated & Secure
Your savings are protected by the Financial Services Compensation Scheme, up to £85,000. We are fully regulated by the Financial Conduct Authority and the PRA.
In Partnership with the MOD
Forces Finance is delivered in partnership with the Ministry of Defence via its ‘Joining Forces’ scheme, which is designed to support financial wellbeing of service personnel.
How It Works
Getting started is simple. Join or apply online, and we’ll take care of the rest.
Join the credit union
Joining online is takes just a couple of minutes. You can sign up and start saving straight away, or do it at the same time as you apply for a loan.
Save or borrow
Set up regular monthly savings or apply for a loan at any time. With rates from 4.5% APR, we are often a better option than credit cards or overdrafts.
Salary deduction
We will contact the MOD to arrange for your savings and/or loan repayments to be deducted from your salary. Details will not be shared with your CO.
Manage your money
Check your savings or loan balance at any time using our mobile app or by SMS. Salary deduction makes it easy to stay on track, no matter where you are.
Who Can Join
Credit union membership is open to the whole of the UK armed forces community, including serving personnel, recipients of an forces pension, and family members.
British Army
- Serving Personnel
- Army Reserves
- Recipients of an Army Pension
- Immediate family members living at the same address
Royal Navy
- Serving Personnel
- Royal Navy Reserve
- Recipients of an Navy Pension
- Immediate family members living at the same address
Royal Air Force
- Serving Personnel
- RAF Reserves
- Recipients of an RAF Pension
- Immediate family members living at the same address
Forces Finance Card
Cards, ReinventedWe asked our members across the armed forces what they wanted from a payment card, and what it was about credit cards and overdrafts that got them down.
The result? Forces Finance Card. A flexible line of credit, linked to a MasterCard® debit card, with fixed monthly repayments, straight from your salary.
Example: £2,000 Limit, 19.6% APR
We asked our members across the armed forces what they wanted from a payment card, and what it was about credit cards and overdrafts that got them down.
The result? Forces Finance Card. A flexible line of credit, linked to a MasterCard® debit card, with fixed monthly repayments, straight from your salary.
Example: £2,000 Limit, 19.6% APR
Testimonials
Member Feedback
We have helped thousands of members in the armed forces to make the most of their money. But don’t just take our word for it:
Awards & Recognition
Join Forces Finance
Get Started
Becoming a member of Forces Finance takes about five minutes via our secure online form.