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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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.


Child benefit loans can help spread the cost of back to school

We know things will be a bit different when schools go back on Tuesday. But one thing that won't have changed is the cost. Shoes, uniform, bags and PE kit, maybe even a bike to get there or a laptop for homework—it adds up. Last year, parents spent over £1.7 billion...

Ten More Covid Scams to Watch Out For

Even though many of the lockdown measures are starting to ease, scammers are continuing to take advantage of people’s anxieties and concerns. Here is what to look out for.

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.