Penny Post is a paper store offering witty, sophisticated, and quality paper goods, writing materials, desk and office supplies, and wrapping paper.
Hello and welcome to Penny Post Credit Union. We're proud to work in partnership with the Royal Mail Group, the Post Office, the CWU and United Union to provide you with a free employee benefit which helps improve your financial resilience. By helping you save regularly and borrow when you need to, straight from your pay, we support your financial well-being. From time to time life throws the unexpected, but by having savings and access to fair manageable loans, we can help you overcome financial pressures. Penny Post Credit Union is a financial cooperative owned and run for the benefit of our members. When you join, you become a member and a shareholder. So how do we work? Members regularly saving create a pool of money which is used to offer affordable loans to members. The interest earned on loans covers our administration with any surplus being put into reserves for future investment and paid back to members as annual dividend on savings. The Credit Union ethos members helping members is reliant on savers and borrowers. Without savers, there's no funds to lend and without borrowers, there's no income or dividend for members. Your money is safe and secure as we'regulated by the Financial Conduct Authority and the Prudential Regulation Authority and as with banks and business societies, all savings are protected under the Government's Financial Services Compensation Scheme. It'so easy to save with us. Each payday, your chosen savings amount is transferred automatically to your Penny Post savings account. Whether you're saving for some holidays, Christmas, the most expensive time of the year, a special occasion or perhaps building a rainy day fund, we're here to help you save. Try an online savings calculator to see how much you could save. Visit the savings section on our website and scroll down to the savings calculator. Select weekly or monthly, depending on your pay frequency. Then use this slider to select the amount you can afford to save each payday. If you could save u00a340 a month, less than the cost of the coffee each day, you'd have u00a3480 saved in 12 months and u00a31,440 in three years. From time to time, we all need to borrow and with instant access to savings and affordable loans straight from your pay, we're here to lend a hand. You can apply for a flexible Penny Post loan online in minutes and pay it back in bite-sized repayments and straight from your pay. Loan repayments are tailored to suit your budget with no hidden costs or penalties. Use our handy online loan calculator to see how much you could borrow and how much you would pay back. Visit the loan section on our website and scroll down to the loan calculator. Select the loan and repayment frequency. Then use the sliders to see what might suit your budget. Penny Post Credit Union has been helping members Family members living at your address are welcome to join, save and borrow by standing orders too. Created by members, owned by members and run for the benefit of members. Members really are at the heart of everything we do. So go on, do something great and join Penny Post today. We look forward to welcoming you as a member.
