We are taking steps to avoid disruption due to Coronavirus (COVID-19).
As much as possible, we aim to minimise disruption to our services, though processing and waiting times may be extended.
Your local credit union
Welcome to London Mutual Credit Union
Savings and loans at the heart of the community with London Mutual Credit Union. We serve Lambeth, Southwark, Camden and Westminster, and members of the UK armed forces. Since 1982.
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Membership
Loans
Savings
Current accounts
Mobile banking
Get a £2,000 overdraft when you save regularly into your credit union account
Introducing Salaryflex — a flexible overdraft built around your salary, from a lender you can trust.
Example: £2000 credit limit 19.6% APR
Salary-deducted savings and loans
Our salary deduction service is available to staff at 25+ major local employers, including those listed below.
What others say
Borrow and save with your child benefit
When you arrange to have child benefit paid into a credit union account, you’ll be eligible to borrow up to £600 towards childcare or other costs. We’ll even help you build your savings at the same time as you repay.
Blog
Improving our online banking experience
Changes are coming to our online and mobile banking later this month. Here is everything you need to know about what to expect.
London Mutual nominated for 2020 Consumer Credit Awards
We are proud to have been nominated for the 2020 Consumer Credit Awards, in the ‘Best Credit Union (South)’ category
About London Mutual Credit Union
We were founded by employees of Southwark Council in 1982. Since then, we’ve had one mission: serving our member communities by providing fair and ethical financial services that are relevant to their needs.
The community we serve (known in law as our ‘common bond’), now covers the heart of Central London. This includes the Boroughs of Lambeth, Southwark, Camden and Westminster, in addition to all serving members of the UK armed forces and anyone who worships at the New Testament Church of God. Family members living in the same household as one of these groups are also eligible to join.
