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credit unions

Postal workers discussion forum. Discuss the day to day life in a Blue Shirt.
notts1862
MAIL CENTRES/PROCESSING
Posts: 132
Joined: 07 Feb 2013, 08:39
Gender: Male

credit unions

Post by notts1862 »

Up untill last week i only thought there was one Royal Mail credit union. Which is Commsave which is based at Northampton but NO theres a better one who pays out better dividend,s it's called Penny Post which is based in Wolverhampton. Check it out and you may be surprised.
arnold cheshire
Posts: 5309
Joined: 14 Oct 2010, 21:28
Gender: Male
Location: england

Re: credit unions

Post by arnold cheshire »

notts1862 wrote:Up untill last week i only thought there was one Royal Mail credit union. Which is Commsave which is based at Northampton but NO theres a better one who pays out better dividend,s it's called Penny Post which is based in Wolverhampton. Check it out and you may be surprised.
nice one as well as 1st class in glasgow
Jforjuventus
Posts: 12
Joined: 08 Feb 2015, 15:30
Gender: Male

Re: credit unions

Post by Jforjuventus »

I'm with Penny Post. I have no experience with any of the others but it's a good service with generous interest rates.
enskied
Posts: 1877
Joined: 16 Aug 2013, 17:14
Gender: Male

Re: credit unions

Post by enskied »

Yes, I am with Penny Post too. Not had a loan yet but the dividend was better than my bank.
aposter
EX ROYAL MAIL
Posts: 205
Joined: 23 Feb 2013, 16:21
Gender: Male

Re: credit unions

Post by aposter »

I'm also with penny post, not had a payout yet but it is just conveniant to make sure swmbo can't spend my wage willy nilly :nana
postee81
MAIL CENTRES/PROCESSING
Posts: 15
Joined: 16 Sep 2014, 15:37
Gender: Male

Re: credit unions

Post by postee81 »

Do penny post do introductory loan offers??
rick184
Posts: 62
Joined: 22 Apr 2007, 21:10

Re: credit unions

Post by rick184 »

I think the PennyPost loans are at a higher interest rate than commsave. Worth checking both.
arnold cheshire
Posts: 5309
Joined: 14 Oct 2010, 21:28
Gender: Male
Location: england

Re: credit unions

Post by arnold cheshire »

rick184 wrote:I think the PennyPost loans are at a higher interest rate than commsave. Worth checking both.
same rates
labbloke
MAIL CENTRES/PROCESSING
Posts: 282
Joined: 03 Sep 2009, 05:11
Gender: Male

Re: credit unions

Post by labbloke »

Not true. Commsave paid out 3.5% and Penny post paid out 4.25% on savings last year, I've been with them over 5 years and bonus is always 4.25% or over.
arnold cheshire
Posts: 5309
Joined: 14 Oct 2010, 21:28
Gender: Male
Location: england

Re: credit unions

Post by arnold cheshire »

labbloke wrote:Not true. Commsave paid out 3.5% and Penny post paid out 4.25% on savings last year, I've been with them over 5 years and bonus is always 4.25% or over.
thats dividend not loan interest rates
redneck
Posts: 788
Joined: 04 Jan 2010, 20:28
Gender: Male

Re: credit unions

Post by redneck »

Very happy with Commsave.
rick184
Posts: 62
Joined: 22 Apr 2007, 21:10

Re: credit unions

Post by rick184 »

labbloke wrote:Not true. Commsave paid out 3.5% and Penny post paid out 4.25% on savings last year, I've been with them over 5 years and bonus is always 4.25% or over.
Not this year. Penny Post are paying 2% dividend on their standard savings. 50% less than last year :-(