Service update:  Where possible, all services are unaffected by the the current increased Coronavirus restrictions in England. Brixton branch will be closed this week due to limited staff availability. See Service Status page for the latest updates.

Your local choice for savings & loans

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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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

Thinking of Christmas?

Plan ahead to avoid credit cards and online lenders. Save hundreds of pounds with a Christmas loan from your local credit union, with the options to repay from your salary, child benefit or your membership account.


Don’t let fraud ruin Christmas

Fraudsters and scammers love to take advantage during the times of year people may be spending more. As more of us shop online they are finding new opportunities to exploit shoppers all the time. Read on and don't let Black Friday scams, or fraud ruin Christmas....

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.