London Ambulance staff loans and savings

Savings, loans and current accounts for London Ambulance Service staff. Borrow or save, with the option of having payments automatically deducted from your salary. Loans from just 4.5%. 

Delivered in collaboration between London Mutual Credit Union and London Ambulance Service NHS Trust. Member-owned, not-for-profit.

Example rates

LoanAPRAmount you can borrow
Saver Loan4.5%Up to the balance of your savingsinfo
Gold Loan6.9%£5,000 to £7,499info
Premier Loan13.68%Up to £7,500Apply 
Silver Loan19.5%£100 to £5,000

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CUOK Loan42.6% £100-1000Apply 

Note: LMCU loans are subject to our lending criteria and are assessed on your ability to repay the loan as well as our terms and conditions of membership of London Mutual Credit Union. All fees, pricing information and qualification information displayed on this page is for illustrative purposes only. Applying for a loan may affect your future abilities to take out future credit.

Account types

FeeATM withdrawals*Balance enquiries*
Value Plus Account
Includes 4 withdrawals and balance enquiries per month.
£5.12 per month£0.60£0.50
Pay As You Go Account£4.00 pm£0.60£0.50
E-AccountNone
Advantage Account£9.00FreeFree

* UK ATMs only

Learn more and apply

Note: LMCU loans are subject to our lending criteria and are assessed on your ability to repay the loan as well as our terms and conditions of membership of London Mutual Credit Union. All fees, pricing information and qualification information displayed on this page is for illustrative purposes only. Applying for a loan may affect your future abilities to take out future credit.

How it works

Finance that’s with you for the long haul

Become a member

As a credit union, we’re owned by our members. We exist to support your financial well-being, not to make a profit. We serve thousands of people across London, including employees of local NHS Trusts and those living in the wider community.

Borrow or save

Our award-winning range of loans, savings and current accounts are designed to make it easy to get your finances into shape. We know that life for NHS staff can be hectic and challenging, and consider applications based on your individual circumstances, not just a score or a number.

Pay in directly from your wages

Through our partnership with London Ambulance Service NHS Trust, you can arrange to have a regular amount deducted from your salary and use it to repay your loan or to build your savings. That means more security for us (which enables us to offer you better rates), and no worries or hassle for you.

Who can join?

Membership of London Mutual Credit Union is open to anyone living or working in the boroughs of Southwark, Lambeth, Camden or Westminster, including:

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London Ambulance Service NHS Trust staff

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Guy’s and St Thomas’ NHS Foundation Trust

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Royal Free London NHS Foundation Trust

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King’s College Hospital

Why bank with a credit union?

Owned by the community

As a co-op, we are run for our members , not shareholders. That means we put your financial wellbeing first, and do right by you, not just our bottom line.

The best rates

With rates from 4.5% and no hidden charges or early repayment fees, we can save you hundreds of pounds compared to credit cards, overdrafts and high street lenders.

Designed around you

We know that while you may love what you do, it isn’t always easy. To us, you’re a member, not just a customer. We’re committed to your success and helping you meet your financial goals.

Who we are

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 built around 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.

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Safe and secure

London Mutual is a fully licensed credit union, regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), just like a bank. Every account is protected by the Financial Services Compensation Scheme (FSCS), up to the value of £85,000.

Banking at the heart of our community

Join London Mutual credit union today

It only takes a few minutes to get started

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