Coronavirus update: We are working hard to maintain service levels during current COVID-19 restrictions, but some services may occasionally be delayed or disrupted. For more information, including current call waiting and loan processing times, check the service status page.

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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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

Blog

Family Saver Loans: Get the flexibility you need as a family

What are child benefit loans and family saver loans? Child benefit loans with London Mutual Credit Union allow you to borrow up to £600 towards one-off costs when you pay your child benefit into a membership account. As we want to help our members grow their finances,...

COVID-19 scams update

As we have entered another national lockdown and the vaccine roll-out begins we have heard of some new COVID-19 scams looking to take advantage of the public via text, calls and email. Here are a few recent scams to look out for: NHS COVID-19 vaccine text scam There...

Family Saver Loans

Family life is full of the unexpected. That’s why, when you arrange to have child benefit paid into a credit union account, you’ll be eligible to borrow up to £600 (up to £1,200 possible on future loans) towards a childcare deposit, school uniforms or other one-off costs. 

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.