Borrow from £1,000 to £25,000 and repay from your salary at rates from as low as 4.5% APR.


Get into the savings habit with regular savings deducted directly from your armed forces salary.

About us

Forces Finance is delivered in partnership between London Mutual Credit Union and the MOD.

How it Works

Decide how much you’d like to save each month or borrow, and we’ll arrange the with your employer.

Join Forces Finance

Forces Finance | Credit Union

Credit union savings and loans for the Armed Forces

Forces Finance makes it easy for UK armed forces personnel to build savings and to borrow at low rates, with savings and credit union loans deducted directly from a Ministry of Defence salary.

As a credit union, we are not-for-profit, owned by and for our members, and committed to the financial well-being of all those who serve.

Loans subject to lending policy and T&Cs. Example: £5,500 borrowed over 36 months. 13.68% APR. Total repayable: £6,721.47

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.

Guidance & Support

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, Reinvented

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


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:

Fantastic service. A genuine customer focused company who look at the individual rather than simply a generated credit score. Gave a fantastic rate and application was painless. Would thoroughly recommend. 

Adrian— Royal Navy

Excellent level of customer service!! Even better that there is a payroll deduction option. Each month before you receive pay in the bank it’s gone, so you don’t even miss it. Would highly recommend to anyone.

Lee— Royal Navy

I am a serving member of the armed forces, over the years have struggled with credit due to being an overseas soldier. Since I was told and referred to London Mutual I have had nothing but clear, transparent and affordable banking.

Sy— British Army

Honest. Helpful. Just waiting now for the loan. Truly great to reduce my outgoings and help me get back on track with savings also.

Kelley— British Army

Awards & Recognition

 Join Forces Finance
Get Started

Becoming a member of Forces Finance takes about five minutes via our secure online form.