Plane Saver was founded in 1993 by a group of British Airways Engineers. They wanted to provide a range of flexible savings and affordable loans to their colleagues. Now with over 25,500 members, it is one of the largest Credit Unions in the UK.
Over the last 30 years, Plane Saver has been dedicated to assisting people in managing their finances. As we have grown, we have embraced modern technology while preserving the essence of personalised service. We firmly believe that the human touch is what matters most when handling money matters, and this principle remains unchanged.
At the core of our mission lies a commitment to your financial well-being. We take pride in guiding our members toward their dreams of financial freedom.
Through a diverse range of savings accounts, fair and affordable loans, and valuable financial tips, we equip you with the tools to build a secure future.
Our philosophy is simple: together, we can do money better. By adopting a personable approach to your finances, we strive to inspire you to think, plan, and save for both unforeseen circumstances and special moments. We are more than just a financial institution; we are your dedicated partner in securing your future.
Integrity
We act with honesty, openness and integrity at all times, always going above and beyond to find the best, most suitable products for our members. Our products and services build trust, put people before profits, and we always consider the social, economic and environmental impact of our actions.
Humanity
We respect our people and our members, treating them with dignity, consideration and respect at all times. We are fundamentally human in our approach, communicating with warmth, and providing personal touches to our products and tailored service to our individual members.
Diversity
We always consider the individual, championing inclusivity and actively seeking fresh and innovative ideas by recruiting diverse skill sets and talent. We forge stronger connections and promote individual excellence through an open, all-encompassing approach.
Plane Saver Credit Union is Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a credit union is unable to meet its financial obligations. Most depositors - including most individuals and small businesses - are covered by the scheme.
In respect of deposits, an eligible depositor is entitled to claim up to £85,000. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £85,000 each (making a total of £170,000). The £85,000 limit relates to the combined amount in all the eligible depositor's accounts with the credit union, including their share of any joint account, and not to each separate account.
For further information about the scheme (including the amounts covered and eligibility to claim) please visit here.