Penny Post’s 25th Anniversary

Last Sunday, 31st January 2021, Penny Post celebrated its 25th Anniversary!

Penny Post President, Dave Jones said “It is 25 years since a consortium of Managers, the CWU, the CMA and Welfare Services started a Credit Union in the old MLO at Horsley Fields, Wolverhampton. Graham Jones, who is still serving on the Board, with Vera Kelsey and Helen Nuttall, who are now employees of the Penny Post, were 3 of the main initiators. What a brave and radical idea!!”

From small beginnings, Penny Post Credit Union has grown substantially over the past 25 years to become one of the largest and most financially successful credit unions in the UK with over 11,000 members and over £30 million in assets.

Penny Post CEO, Matt Goulding, said “January 31st 2021 marks 25 years of providing an ethical financial alternative to Royal Mail employees and their families. Since it was established in 1996, Penny Post Credit Union has lent over £75 million to our members and paid over £4 million in dividend.”

25 years serving the Royal Mail family is a great achievement, only made possible by the support of our members and not even a worldwide pandemic can stop us celebrating this fantastic milestone!

To launch the celebrations, was a special 25th Anniversary Members’ Draw with a fantastic £3,500 prize fund! Winner of the £1,000 first prize was Emily Buckley from Shrewsbury who has been a member since 2010.

Paulette Wilson from Wolverhampton, one of the 25 members winning £100 said “I’m so pleased! It’s been a privilege to have been one of the first members 25 years ago and to be a winner today!”

Another £100 winner, Dave Mann from Llangollen said “Penny Post has been a lifesaver over the years with savings and loans. It has helped with Christmas and holidays, and you don’t miss the amounts you pay as it comes out of your wages.”

Following hours of research, catching up with colleagues, ex-Directors and volunteers, Penny Post has created a 25 year Timeline. Penny Post Customer Services Supervisor, and CU Futures graduate, Jas Kaur said “I was fascinated by the time line. To think I was only 4 when Penny Post purchased its first computer!”

To include as many members as possible in the celebrations, Penny Post has also launched a special Anniversary Loan Offer. Members can get up to £250 cash back, when taking out or topping up selected loans during February and March. “The ‘Anniversary Reward’ from us to our members is another way to say ‘thank you’ for their support over our first 25 years!” said Matt Goulding.

“Overall, Penny Post Credit Union is in a very strong financial position and we see tremendous opportunities in our 25th anniversary year and beyond. We will be celebrating this milestone in our history with a number of activities and events throughout the year that will recognise our members, staff, stakeholders and the Royal Mail community.”

Happy 25th Anniversary, Penny Post!