Are you retiring this year? Not sure what to do with your Commutation payment?

01 February 2024

retirement and commutation

Nigel, our Senior Loans and Member Services Officer had this to say on the matter:

 

  • You do NOT need to close your account.

  • Let us know when you are retiring so that we can send you a direct debit mandate, (switching from payroll to direct debit is easy).

  • Take advantage of the FREE LIFE COVER available to you up to age 70 years.  Nigel suggests depositing some of your COMMUTATION payment and bring your Harp and Crown Credit Union savings up to £10,000.  This means, in the event of your death, your loved one (beneficiary) would receive an extra £5,000 on top of your £10,000 in savings.  This could go a long way to helping your loved one with funeral arrangements. Any loans would be written off also.

Get in touch.

Email creditunion@harpandcrown.co.uk or phone 028 9068 5198.

 

“Save regularly and borrow only what you need.”

 

The Harp and Crown Credit Union provides safe, secure, flexible finances for the wider police family in Northern Ireland.

Harp and Crown Credit Union Ltd are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Firm Reference Number (FRN) 577113. For details visit http://www.fca.org.uk
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