Membership Membership

Join Us Today

Penny Post Credit Union accepts applications from any Royal Mail Group employees (and their immediate families living at the same address). Members enjoy the security of regular savings alongside options for affordable and flexible loans, as well as access to an Annual Dividend.*

*Annual Dividend is dependent on yearly performance and is agreed by the Board of Directors and the members at the AGM.

Opening An Account?

The simplest way to join is by completing the online form. We will confirm your status using an online provider for your convenience. Occasionally, we are unable to confirm a status and then may need to request proof of ID and address (as with all financial institutions, we need to hold this information).

Alternatively, you can complete a paper application; we will gladly post one out to you on request.

Please note that - in line with banks and building societies - your eligible deposits are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit protection scheme. However, as the maximum Penny Post Credit Union individual total holding is set at £38,000, this means all your savings with us are covered. For further information please visit

If you wish to visit us please call in and see us Monday to Friday, 9.30am to 4pm in the North West Midlands Mail Centre, Sun Street, Wolverhampton WV1 1AA.

Membership Application

Click here to fill in our online Membership Application Form

Benefits of Membership

Membership has many benefits...

Flexible & Convenient Loans

Members can apply for loan on joining, and repay at tailor-made schedules. All our loans are covered by the Penny Post Credit Union Bereavement Fund (for free).

Attractive Dividend on Savings

Every year we pay an attractive dividend on members savings, which are also placed in our Life Insurance scheme, offering a free insurance system on your savings.

Quality Service, No Fees

You can be assured of a professional service from Credit Union at all times. And you do not pay a transaction fee for saving with us, or borrowing money.

Payroll Deduction

Savings and loan repayments are deducted directly for your weekly or monthly pay. For members leaving Royal Mail (or relatives living in the same household as a member joining us) we will set up a Bank Standing Order with you.

Contact Us
  • Penny Post Credit Union
  • Tel: 0333 332 1461
  • Email:
  • Web:
  • Address: North West Midlands Mail Centre, Sun Street, Wolverhampton WV1 1AA

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.
We are committed to providing an easy and safe way for our members to save and manage money.

Penny Post Credit Union
  • Tel:
  • Fax:
  • Email:
  • Address:
  • 0333 332 1461
  • 01902 877204
  • North West Midlands Mail Centre, Sun Street, Wolverhampton,
    WV1 1AA
Opening Hours
  • mon
  • tue
  • wed
  • thu
  • fri
  • 09:30am-04:00pm
  • 09:30am-04:00pm
  • 09:30am-04:00pm
  • 11:00am-04:00pm
  • 09:30am-04:00pm
Penny Post Credit Union is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Reg No. FRN213860