London Mutual Credit Union
Made in London, owned by Londoners
London Mutual Credit Union is a different kind of bank. We make it simple to borrow at low rates, and to build savings for the future. As a credit union, we are not‑for‑profit, and exist to serve the community.
Apply for a Loan
Start Saving Regularly
Use Online Banking
Visit Support Hub
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)
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.
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
What Others Say
For almost 40 years, we’ve helped thousands of our members make the most of money. But don’t just take our word for it.
I applied for a loan . Firstly the online application was very easy and straight forward. The application was process earlier than stated. I can categorically say the service I received was exceptional.
Brilliant organisation. Their loan application process is thorough but straightforward. You also save whilst borrowing too. And their APR rates are competitive compared to big banks. I’ve been using them for years. No complaints whatsoever.
I didnt expect to be helped so quickly and efficiently. Thank you all so much for your understanding that not everyone is savvy doing things on their phones.
Thank you also for your patience in dealing with my case..
I was impressed by speedy responses. Beautiful follow up emails made me feel this Credit Union truly appreciated having me as a member- that I was important to them. Thanks LMCU, God bless you..
Having never applied for a loan before, I was anxious doing this for the first time particularly as this was for a significant sum. The team at LMCU have been fantastic, putting my mind at ease from the start and keeping me updated daily (Monday to Friday) on the status of my application.
A very easy step by step process to follow. I would highly recommend to anyone looking for a brilliant loan with very low interest rates.
News & Updates
London Mutual has achieved the Armed Forces Covenant Silver Award in the Ministry of Defence Employer Recognition Scheme
Don’t let your funds set you back from enjoying the sun. Make the most of London this summer with some of our top budget-friendly things to do in the city…
At London Mutual, we do loans differently to give you the best possible chance of being approved.
Family Saver Loans
When you pay child benefit paid into your credit union account, you’ll get access to a £600 flexible borrowing limit, increasing to £1,200 for future loans.
Example: £1,200 credit limit 42.6% APR
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.
Whether you are here to borrow or save, we’ll encourage you to save regularly.
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.