Penny Post Credit Union

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

They are based in the North-West Midlands Mail Centre in Wolverhampton and are dedicated solely to serving Royal Mail Group employees and members families.

Since the beginning membership has grown steadily and is well over 9000 members.

Young Savers are encouraged as member and an account will be opened for a child living in the same household as an existing member.

It is a great way to teach children to save, manage money, or for parents, guardians and grandparents to put money aside for their youngsters on a regular basis.

 Penny Post Credit Union welcomes enquiries from Royal Mail Group employees throughout Great Britain.

The credit union has introduced an app to enhance their communication service to members called Nivo. It’s for secure instant-messaging.

Due to the Covid-19 pandemic in 2020, plans for Penny Post Credit Union’s Annual General Meeting was halted and rescheduled for a later date on line.

It was July when the credit union shared highlights of a successful year of service to members on a virtual online call. The credit union has now over 10,000 members and a total value Loan portfolio of over £14 million.

Tuesday 1st January, 2022, saw Voyager Alliance and Retail CU become officially part of the Penny Post Group.  A warm welcome was extended to all members from the Directors and staff of the Penny Post Group! Over the coming months, the merged credit unions will be working together to grow the membership, invest in the Team and technology, and further improve the overall service to members. From today, family living at a member’s address are welcome to Join.

The West Midlands Regional Finals in the 2022 National Apprenticeship Award was awarded Apprentice Champion of the Year to Penny Post Credit Union’s, Jas Kaur.

More News HERE

Want to find out more?

Visit the Penny Post Credit Union website, or get in touch with their team:

Telephone – 0333 332 1461

Email –

Copyright British Credit Union Historical Society 2018 – All rights reserved

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