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Penny Post Credit Union is committed to providing an easy and safe way for its members to save and manage money, offering both affordable loans and FSCS protection on 100% of your savings.

It was formed in 1996 as a joint project between Royal Mail, the Communication Workers Union (CWU), Communication and Managers’ Association (CMA) and Welfare Services.


Regular saving with Penny Post Credit Union offers the security of FSCS protected savings alongside options for flexible and easy to access loans. Our members are the shareholders, not just customers, part of a community, all while earning an Annual Dividend on savings.*

*The dividend is dependent on performance throughout the year and is then agreed by the Board of Directors and members at the AGM.


Penny Post Credit Union will consider loan applications from members for any worthwhile purpose. Each application is treated in the utmost confidence and will be considered on its own merits. It is credit union policy to meet the borrowing requirements of as many members as possible, depending on the available funds.
Applications for loans are made on a standard loan application form. Our staff will give you any assistance required. Loans will then be considered by a Loan Officer or Team.


Penny Post Credit Union loans are repaid on a weekly or monthly (salaries) basis; there are some legal limitations to length and amount of loans. Members are generally advised to repay a loan in as short a time as possible. Five years is currently our maximum loan term. Should a member experience difficulties in meeting repayment commitments, they should immediately explain the situation to the credit union, which will treat the matter sympathetically and in total confidence. Depending on circumstances, the loan will be renegotiated if possible.