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

Don’t get caught in the minimum payment trap.

Why we launched the Forces Finance card Credit cards are a safety net for many of us, but if you are only paying back the minimum payment debt can spiral, making it hard to get out. After listening to our members, we wanted to provide a safer alternative. A way to...

Talk Ban Stop. Why London Mutual is working with GamCare

London Mutual Credit Union is always working to give our members the best chance to fulfil their potential. As well as providing affordable ways to borrow and save we also work to help members avoid habits that may lead to financial difficulties. The Talk Ban Stop...

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.