Governance
Background
As a financial co-operative, London Mutual Credit Union is based on the principles of the International Co-operative Alliance that are also adopted by World Council of Credit Unions.
Our members are our owners and we recognise that the strength of our credit union depends on the strength and quality of the relationship we have with our members.
Legal Form & Affiliations
London Mutual Credit Union is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (FRN 213248) & is:
- Operating under the Credit Union Act 1979
- Member of the Association of British Credit Unions Ltd
- Member of Co-operatives UK
- Member of the Financial Services Compensation Scheme
- Member of the Financial Ombudsman Service
- Member of the Building Societies Association
Annual report & Financial statements
Annual Report and Financial Statements – Year Ending 2024
Previous years
Board of Directors

Lakshman Chandrasekera
I have been managing the London Mutual Credit Union since 1993 and have extensive experience in setting up products, processes and procedures. I was instrumental in the successful mergers of six local credit unions and oversaw a technology transformation on the implementation of a new core banking platform in 2016.

Floyd Millen
Dr Floyd Millen is a Political Scientist and a Subject Matter Expert (SME) in Privacy advising HMRC on privacy risk remediation. Floyd is the former Head of Identity Services at Post Office Ltd; Special Adviser to the Cabinet Office (GDS) on identity services; former Data Manager at the BBC and

Louis McLeod OBE
I am currently a Director for a large national charity and have been there since 1996. It has given me an extensive experience in management and finance. My experience includes Accounts, Banking, Administration and Asset Management. I have been working at various levels in the Credit Union industry over the

Heather Harris
I am a Manager in the Revenues & Benefits Department of Southwark Council for over 30 years, dealing with Welfare Benefits, Reform and Social Inclusion. I have been a Trade Union Steward for over 20 years and have over 10 years’ experience with the Credit Union. I have a keen
Richard Cooper
I bring a wealth of experience gained from my background in banking and in the legal profession. I am currently serving as an in-house lawyer at Shawbrook Bank but previously has worked in the legal departments of a number of lenders including Lloyds Bank. I am a practising solicitor for

Albert Marshall
I am a lawyer and technology executive with over 20 years’ post-qualification experience. Extensive experience in-house in multinational organisations, particularly in the software and entertainment industries, covering a broad range of commercial law, in particular technology, intellectual property, entertainment, international distribution, marketing operations and related regulation. Qualified as a barrister.

Michael Cook
I Have served over 36 years in the RAF Regiment. My career took me to austere locations where leadership and management were life-saving. Leaving the service, I started a consultancy where I and my business partner help and advise companies tender for MOD contracts. I have a MSc in Leadership

Olufemi Sallyanne Decker
Olufemi Sallyanne Decker is an Associate Professor in Banking and Finance at University of Greenwich. She holds a PhD in Financial Economics, is a Senior Fellow of the Higher Education Academy and a Member of the Association of Business Executives. She has more than 25 years of academic experience in

Rilwan Aminu
Rilwan is a software quality engineering professional with extensive experience in delivering high-quality software solutions. He is currently a director at a Community Interest Company and serves as a youth mentor, working closely with Southwark charities. Rilwan is passionate about community involvement and has actively participated in youth community projects

Alexandra Newlove
Alexandra is a consultant at Aspectus Group, where she advises financial services clients on their PR and communications strategies. Her role includes keeping up to date with the regulatory changes that impact on financial firms, as well as managing teams to deliver campaigns that align with clients’ business objectives. Previously,

Leroy Roberts
Leroy Roberts is a distinguished author, captivating speaker, and innovative thought leader with a wealth of experience from the British Army and the Jamaica Constabulary Force. His 18-year journey through various industries and nations has honed his expertise in leadership and team dynamics. Leroy has developed powerful strategies for making