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
Could you be missing out on £3,900? What you need to know about winter fuel payments and pension credit
Important changes are coming to winter fuel payments this year – but thousands of pensioners could also be missing out on other benefits worth thousands of pounds. Here’s what you need to know about pension credit and why it’s worth checking if you qualify.
Worrying about money this Christmas? Use our free calculator to give yourself a money MOT
As winter bills start landing and Christmas approaches, take ten minutes to check if you’re getting all the help you’re entitled to. Our free calculator helps you discover unclaimed benefits, reduced-rate tariffs and support you might be missing.
Average UK Christmas spending 2024: What we really spend (and why we lie about it)
Ever agreed not to do presents, then panic-bought them anyway? As UK Christmas spending hits £660-£1,150 per household, we look at the real cost of creating festive magic – and how to do it without the January regrets
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.