Armed Forces: Credit Unions

(asked on 4th September 2014) - View Source

Question to the Ministry of Defence:

To ask the Secretary of State for Defence, what recent progress he has made on establishing a credit union for military personnel; and if he will make a statement.


Answered by
Anna Soubry Portrait
Anna Soubry
This question was answered on 6th October 2014

The hon. Member will be aware that we met on 15 July 2014 to discuss this very issue. The formation of an Armed Forces Credit Union is not considered to be core Ministry Of Defence (MOD) business, however we fully endorse existing, strong credit unions expanding their membership to include members of the Armed Forces community.

The MOD is currently exploring the support it can offer those unions and that includes investigating how we can facilitate payroll deductions for Credit Unions.

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