Christmas Loans Cut-off - This year's deadline has now passed. Applications received now may not be processed in time for Christmas. More details
London Mutual Credit Union
Because we’re better off together
As a member-owned credit union, we provide affordable loans, simple savings options, and expert financial guidance. Join us and be part of a community that makes your money go further.
Example: £2,800 borrowed over 2 years at 18.68% APR. Total repayable: £3,300.60. All Loans are subject to our Lending Policy and Terms & Conditions
Apply for a loan
Our savings accounts
Money tips & guidance
Apply for a mortgage
Christmas loans
If you choose to borrow this Christmas, a credit union loan could save you serious money compared to credit cards and overdrafts.
Example: £2,800 borrowed over 2 years at 18.68% APR. Total repayable: £3,330.60. All Loans are subject to our Lending Policy and Terms & Conditions
Employer Partnerships
Salary deduction
Get into the savings habit or borrow at low rates with our salary deduction service. To get started, simply join the credit union, and if you work for an eligible organisation, we’ll arrange the rest.
About London Mutual Credit Union
Building a bank for the whole community
At London Mutual Credit Union, we believe that everyone should have the chance to make the most of money, and to be able to use it to reach their goals.
We work to make it simple for everyone to get into the habit of saving regularly, and provide a range of affordable loans and overdrafts at low rates for the times when you need to borrow too.
- Not-for-profit and owned by our customers
- Regulated by the Financial Conduct Authority (FCA) and PRA
- Your deposits up to £85,000 are protected under the Financial Services Compensation Scheme (FSCS)
Awards & Recognition
Mortgages from just 4.50%
Exciting news: we now offer mortgages. Rates starting at 4.50%, with the people-first approach you’d expect from your local credit union.
Rates from 4.50% (variable discounted rate for 2 or 3 years). Standard variable rate currently 7.49%. Subject to eligibility.
News & Updates
Blog
How to save money on London transport fares in 2025
From hidden card clash charges to weekly fare caps, here’s everything you need to know about saving money on London transport in 2025 – including why that March fare increase doesn’t have to hurt your wallet
Coming in 2025: your snazzy new Visa® Debit card
In early 2025, all London Mutual Credit Union current account (CUCA) members will be sent a new debit card and PIN. Here’s what’s happening and why.
From guilt gifts to panic buys: the truth about Christmas shopping
Those festive ads have you reaching for the tissues – and your wallet? Here’s what’s really driving us to splash out, and how to make sure your money goes on what matters this year.
How It works
Getting started is simple. Join or apply online, in just a few minutes and we’ll take care of the rest
Become a member
Join online and start saving straight away, or do it at the same time as you apply for a loan.
Save regularly
Whether you are here to borrow or save, we’ll encourage you to save regularly.
Salary deduction
If you work for an eligible employer, your savings or loan repayments will be deducted directly from your salary.
Manage your money
Check your savings or loan balance at any time using our mobile or web apps or by SMS.