If you work in Transport, Postal or Retail (including distribution!) or are a member of a Trade Union, Penny Post is the easy way to save, and borrow when you need to, straight from your pay! 

Its free to become a member and family living at the same address are also welcome to join. Our Young Savers account is exclusively for children and grandchildren of Penny Post members.

It’s so easy to save with Penny Post. Save a few ££s straight from your pay and watch your savings grow. With a range of saving accounts from the Christmas account paying an extra 1% dividend to the interest-bearing Prime account, Penny Post is here to help you save.

From time to time we all need to borrow, and Penny Post is here to help. We offer members a range of Personal Loans with manageable repayments straight from your pay.

Penny Post is owned by and run for the benefit of our members. When you join, you become a ‘member’ and a ‘shareholder’ in Penny Post Credit Union.

How does a credit union work?

Members’ regular savings create a “pool of money” which is used to offer affordable loans to other members. The interest earned on loans covers the credit union’s administration, with any surplus being put into reserves or paid back to members as an annual dividend.

Credit union interest rates are capped by their regulators which makes them cheaper than many other lenders. Loan repayments are tailored to suit a member's budget, and there are no hidden costs or penalties. Credit Unions promote responsible lending and do not lend more than a member can afford to repay.

As with banks and building societies, all savings up to £85,000 are protected under the government’s Financial Services Compensation Scheme (FSCS).

*Dividends are not guaranteed

Penny Post Group

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Penny Post Group

Org chart

Teams

Offices

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