We are taking steps to avoid disruption due to Coronavirus (COVID-19).
As much as possible, we aim to minimise disruption to our services, though processing and waiting times may be extended.
Your local credit union
Borrow and save with your child benefit
When you arrange to have child benefit paid into a credit union account, you’ll be eligible to borrow up to £600 towards childcare or other costs. We’ll even help you build your savings at the same time as you repay.
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
Reach a bit further
If it’s a new kitchen, loft conversion or another DIY project, if you supply the elbow grease, we can help with the finance. Home owners can borrow up to £25,000 at just 4.9% APR, with no hidden costs or early repayment fees.
Criminals and fraudsters are sadly taking advantage of the current disruption. Here are some of the current scams we’re aware of, and ways to avoid them.
Like many organisations, in recent weeks we have been working to prepare for the spread of Coronavirus.
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.