Save Today
For Tomorrow
Money saved is money well spent
At Pennyburn Credit Union, adults can save up to £25,000 with no monthly or yearly restrictions. Help your children start smart saving habits with a Junior Account, allowing them to save up to £6,000. Your savings, your future.
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Savings made simple
Every £1 you save with Pennyburn Credit Union equals a share and a vote in how we operate. As a not-for-profit organisation, we prioritise members over profit, reinvesting profits back into local initiatives. Save with us and become part of something bigger.
Join todayUnderstanding your savings
You can save as much or as little as you like. There is a minimum balance of £5 to keep your account open. There’s no monthly or yearly limit, but the maximum savings:
- Adult Account – £25,000
- Junior Account – £6,000
You can pay by cash, cheque, standing order, direct debit, or transfer from your bank. As a member of Pennyburn Credit Union, each member will have a unique account number that allows for payments such as benefit income to be paid directly into your Credit Union Account. Simply let us know how you want your payments allocated e.g. Shares/Loan/Easy Shares/PCU Card.
Contact us, and we can upload your statement to the secure Member Hub on the website, or we can print a statement for you at our office. We issue an annual statement of account for all our members. To reduce our carbon footprint, we encourage our members to Opt-in for E-statements via the Member Hub.
Yes. Your savings are protected by the Financial Services Compensation Scheme (FSCS) up to £85,000 per member. Any deposits you hold above the £85,000 limit will not be covered. The FSCS can compensate depositors if a Credit Union is unable to meet its financial obligations. Further information is available at www.fscs.org.uk.
We’re also authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.