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 4.50%
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
Why we’re proud to pay the London Living Wage
With nearly a million working Londoners in poverty and basic costs a third higher than elsewhere in the UK, paying the London Living Wage isn’t just about fair pay – it’s about the sort of city we want to be a part of.
Calculator and Other New Tools Now Available for Members Under Financial Pressure
We’re trialling a new service to support members facing financial challenges. Whether you’re dealing with rising living costs or changes in income, our new tools and one-to-one guidance can help you stay in control.
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.
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.