About us
Become a member today
Join London Mutual Credit Union and take control of your money. As a member, you’ll enjoy fairer rates, the chance to save as you borrow, and the reassurance that your money is working for you and your community.
Join and start saving
Get a membership account and start saving regularly from your salary, benefits or by Direct Debit.
Join and apply for a loan
Apply for a loan and become a member of London Mutual Credit Union
Who can join?
Not just anyone can join our credit union — and that’s what makes us different. Membership is limited to people who share our community connection, known as the common bond. You can become a member if you belong to one of these groups:
You live in Southwark, Lambeth, Westminster or Camden, or work for a company based there Check which borough I live in
You are employed in a healthcare or education-related occupation anywhere within Greater London
You are actively serving (either full-time or as a reservist) in HM Forces, including the British Army, Royal Navy or Royal Air Force.
You are directly employed by Transport for London
You currently receive a UK armed forces pension
An immediate family member is already a member, and you live at the same address.
What you'll get as a member
When you join London Mutual Credit Union, you’re getting more than just an account. You’ll enjoy practical benefits that make a real difference to your money and your community:
Easy savings account
Save as little as £10 a month into your Membership account. Check your balance or withdraw at any time using the mobile app or online banking.
Access to affordable loans & mortgages
Members get exclusive access to our range of personal loans and mortgages with competitive rates and personalised service.
Financial education and guidance
Get access to expert-led Money Gym Masterclasses, online events and the chance to earn prizes through surveys and competitions.
A voice in your credit union
As a member, you own a stake in the credit union, with the right to attend the AGM and a say in how we are run.
How it works
Join online
Complete our simple online form - it should take around 10 minutes. You can also apply for a loan at the same time as you join.
Provide proof of ID and address
We may ask you to upload copies of your ID and proof of address so we can verify your identity.
Make your first deposit
We'll walk you through setting up savings directly from your salary, benefits or Direct Debit. A one-off £2 membership fee will be dedudted from your first deposit.
Watch your savings grow
Your chosen amount comes straight from your pay each month and is automatically added to savings or used for loan repayments. Manage or withdrawl your money via the mobile app.
Ready to get started?
Join thousands of members across South London and beyond who already save and borrow with us.
Apply for Membership