London Mutual Credit Union

Making Your Money Go Further

As a credit union, we make it simple to borrow at low rates and to save for the future, with affordable loans, convenient savings, and financial guidance.

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

Get Help or Contact Us

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 4.99%

Exciting news: we now offer mortgages. Rates starting at 4.99%, with the people-first approach you’d expect from your local credit union.

Rates from 4.99% (variable discounted rate for 2 or 3 years). Standard variable rate currently 7.74%. Subject to eligibility.

News & Updates


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.