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 notforprofit, and exist to serve the community.  

Apply for a Loan

Start Saving Regularly

Use Online Banking

Visit Support Hub

Personal Loans Apply in Minutes, Borrow up to £25,000 from as little as 4.5% APR (Subject to T&Cs). Learn more

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)

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.

Credit Union savings and loans for Transport for London Staff

London Mutual works in partnership with Transport for London to make it simple for TfL staff to build savings and to borrow, with salary-deducted savings and affordable loans.

Example: £5,500 borrowed over 36 months. 12.68% APR. Total repayable: £6,576.43

Awards & Recognition

News & Updates


Our Guide to Buying a Car

Our Guide to Buying a Car

Whether you’re looking for something new and swanky, or something more green, it’s good to know your buying options, and the different ways to pay or spread the cost.

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.