In 2010, Plane Saver Credit Union further extended its common bond to those employed in, or associated with, the airline and transport industry, logistics, engineering, police, fire and ambulance services or the armed forces.
[3] In a move backed by the Minister of State for Defence Personnel, Welfare and Veterans in 2014, the chair of the Co-operative Party called for the creation of a credit union aimed at military families.
As members of the armed forces were already eligible to join, it was reported that Plane Saver was ready to assist in the creation of a military credit union, providing there could be payroll deduction.
[4] Two other credit unions also won the contract, to give armed forces personnel a choice of provider.
Ultimately, like the banks and building societies, members’ savings are protected against business failure by the Financial Services Compensation Scheme.