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
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 4.74%
Exciting news: we now offer mortgages. Rates starting at 4.74%, with the people-first approach you’d expect from your local credit union.
Rates from 4.74% (variable discounted rate for 2 or 3 years). Standard variable rate currently 7.49%. Subject to eligibility.
News & Updates
Blog
Tips for Buying Your First Home
Buying your first home can feel overwhelming, but understanding the key steps can make the process smoother. From managing your finances and securing a deposit to navigating mortgage options, here’s a simple guide to help you start your home-buying journey with confidence.
The 5 Best Supermarket Deals on School Uniforms This Year (Plus 9 Money-Saving Tips!)
Shopping for school uniforms can get expensive, but we’ve done the homework for you. This year, supermarkets like Asda, Tesco, and Aldi offer unbeatable deals, with full uniform sets starting as low as £5! Read our guide to discover the best supermarket bargains, plus 9 expert tips to help you save even more on back-to-school essentials.
What the Move to Universal Credit Means for You: A Guide for Southwark Residents
Changes are coming for people in Southwark who receive certain benefits. If you are on a low income, this could affect you. Find out what Universal Credit is, how it works, and what you need to do when your benefits are replaced.
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.