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What Postal Service Cuts Mean for Credit Unions

Recent cuts to the U.S. Postal Service affect more than just household mailboxes. Credit unions should expect changes to their traditional print mailing schedules due to delays in first-class delivery and closings of local mail processing centers. According to CUNA’s News Now, changes expected to occur next spring include:

  • One-cent increase in first-class mail to 45 cents, effective January 22
  • More than half of all first-class mail will require two days for delivery
  • Priority mail documents will likely take up to five days for delivery
  • Guaranteed next-day delivery will require additional costs associated with “express” service
  • Local mailings of statements, newsletters and marketing material will likely exceed a next-day delivery