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
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
Are you starting to think about booking a trip this summer? According to the roadmap set out by the government, trips around the UK in self-contained accommodation will be allowed from 12 April, and with others no earlier than 17 May. There is still no confirmation on...
With the end of the tax year on 5th April, our money saving checklist could give an end of year boost to your finances.
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.