When you join Retail CU, we automatically open a Membership Account for you.
We ask you to save regularly, straight from your pay, from just £2 a week or £10 a month. Small amounts saved regularly soon add up in this flexible savings account. Use our handy Savings Calculator to see how much you can save!
Benefits of a Membership Account
Save regularly, straight from your pay, every payday, or by direct debit
Savings earn an annual dividend*
Flexible savings from just £2 a week or £10 a month – change the amount at any time
Withdraw funds whenever you wish** – £5 minimum balance required at all times
Savings may be used as security to access our preferential Gold, Platinum & Savings Secured loans
Manage your Membership Account online
*Dividends are not guaranteed. The rate payable is dependent on financial performance and voted on by members at the Annual General Meeting.
Things you should know
Members not saving by Payroll Deduction, can save by direct debit
Pay in funds at any time by payroll deduction, direct debit, or bank transfer
If you borrow from us, loan repayments will be taken from your Membership Account.
If you borrow from us, savings in your Membership Account will be secured against your loan and cannot be withdrawn until the loan is cleared.
If you borrow from us, you must continue to save a minimum of £5/week into your Membership Account, meaning you will have some savings once your loan is cleared.
Retail CU is part of Voyager Alliance Credit Union, and both are trading names of Penny Post Credit Union Ltd. 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. FRN213680